“…However, many scholars have argued that ethical codes have a limited impact on ethical behaviour in organizations. Although many companies have a code of conduct, many of them are merely paying lip service to the notion of encouraging ethical behaviour (e.g., Kjonstad and Willmott, 1995;Lindsay et al, 1996;Marnburg, 2000;O'Dwyer and Madden, 2006;Sims, 1991;Sims and Brinkmann, 2003;Weaver et al, 1999). Others (e.g., Brinkmann and Ims, 2003) have argued that the effectiveness of ethical codes depends on the method of implementation, the process of code revision, the existence of disciplinary procedures in case of violations and the procedures in place for seeking advice or reporting violations.…”