Corporate Governance in the South African Business Environment

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What is the purpose of a business ethics policy?

To guide the behavior of all members of the organization to conduct business with honesty and integrity.

Define a culture of ethics in an organization.

A set of assumptions, expectations, and practices that guide and encourage both managers and employees to conduct themselves ethically.

What does the Code of Conduct enforce within an organization?

The ethics policy of the organization.

What are some examples of personal information that organizations must protect?

Personal information of employees, clients, and customers.

What are some grounds on which discrimination is prohibited in the workplace?

Race, gender, sex, pregnancy, marital status, ethnic or social origin, color, sexual orientation, age, disability, religion, conscience, belief, culture, language, and birth.

Why is it important for organisations to have an ethics hotline?

To support a culture of ethics where honesty and accountability are underscored.

What should HR managers ensure to encourage employees to report ethical breaches?

That an ethical culture manifests within the organisation.

What should organisations provide in terms of reporting formats for their ethics hotline?

Multiple reporting formats.

Why is anonymity and confidentiality important in an ethics hotline?

To protect the identity of the individuals making reports.

What should organisations ensure regarding the availability of their ethics hotline?

Constant availability of the service.

Why should organisations promote the ethics hotline continuously?

To encourage its use and awareness among employees.

How should organisations handle whistleblowers who report ethical breaches?

No retaliation against whistleblowers.

What is the role of independent third-party service providers in an ethics hotline?

To ensure impartial handling of reports.

Why is evaluating, testing, and auditing the effectiveness of the ethics hotline important?

To ensure its efficiency in addressing ethical concerns.

What is the purpose of the ethics hotline guidelines mentioned in the text?

To provide a framework for the successful implementation of an ethics hotline.

Explore key characteristics of corporate governance in the South African business environment, including the Companies Act and the King Code on Corporate Governance. Learn about the regulations and laws promoting transparency and accountability.

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