Corporate Governance and Ethics - Explained

The video discusses the role and influence of codes of ethics in corporate governance. While not legally binding, these codes guide internal actions and decision-making, setting standards for prioritizing corporate interests over personal ones. They can serve as a baseline for legal actions and are often required by corporate governance laws.

Why are codes of ethics considered non-binding, yet still influential?

What are the legal requirements regarding the establishment of a code of ethics in corporations?