Payne et al. (1997) began their discussion by examining why companies need for international codes of conduct. Companies that have decided to become truly global ethical organizations must analyze and asses the heterogeneous legal atmospheres in the nations in wh*ich those companies do business* (Payne et al. 1997*). *Getz (1990*, p. 567-577*) examined *international codes of conduct of the following four entities: the Organization for Economic Cooperation and Development (OECD); the International Chamber of Commerce (ICC); the International *Labour* Organization (ILO); and the *Centre* for Transnational Corporations (CTC). Payne et al. (1997) intended to investigate to build a code of ethics for international business and its standards. *The argument was supported by referenced opinions. When Payne et al. (1997) tried to build their discussion on a global perspective; they intended to put forward t*he one universal business ethics* code.
Payne et al. (1997) tried to manifest the “perfect” code, to be practi*cable to any business and in any country or culture, should consider ethical, cultural and managerial issues. There are procedural and substantive aspects of building such a code. Procedurally, to be useful, an ethics code needs to meet certain mi*nimal standards of construction* (Payne et al.*, 1997*, p.1732)*.* It has to be: fair and perceptible* to t*he *regular people*; exte*nsive in pointing out the scope* of its provisions; and en*forceable by determining the *branches* of improper actions* (Raiborn and Payne, 1990)*. * Additionally, the code should be positive in tone. It should treat the actors as though they naturally would do the right thing. Do not insult the actors by addressing them only with a sense of* “don’t do this; don’t do that” (*Ferrell and *Fraedrich, 1994).
* To make clear the issues which required an international code of conduct for MNC’s; a Conference Board survey took place in 1987 which over 300 worldwide companies provided...