Business Codes of Ethics: Much Ado About Nothing, or the Real Deal

“Starbucks Code of Behavior” discusses the approaches and provisions this company has utilized in its attempts to establish a credible ethical environment. There seems to be a divergence of opinion on the value or lack thereof of a business code of ethics. Some have argued that business codes of ethics have little value or utility and are merely for public show and consumption. According to these proponents, corporations merely pay lip service to their codes of ethics. On the other hand, it has been argued that business codes of ethics are an essential and vital part of the ethical fabric of corporations.

Using the aforementioned article as a starting point, what is your perspective on the value or lack thereof of a business code of ethics? Do you think such a code is merely for public show and consumption? Do you think a corporation simply pays lip service to its code of ethics?   Why do you feel this way?