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Companies are to disclose if they have a code of ethics. Under the rules, a company must disclose whether it has adopted a code of ethics that applies to the company's principle executive officer, principle financial officer, principal accounting officer or controller, or person performing similar functions.
The stockholder theory suggests that organizations are responsible only to shareholders, and all of the employees' actions are directed towards maximizing shareholder wealth without breaking the law. Manager's act as agents to the stockholders, the business can have no social responsibility (Hasnas 1998)...
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