caa a22 4500 605483728 CHVBK 20210128100432.0 cr unu---uuuuu 210128e20151001xx s 000 0 eng 10.1007/s10551-014-2300-y doi (NATIONALLICENCE)springer-10.1007/s10551-014-2300-y Board of Directors and Ethics Codes in Different Corporate Governance Systems [Elektronische Daten] [Isabel-María García-Sánchez, Luis Rodríguez-Domínguez, José-Valeriano Frías-Aceituno] Business ethics is one of the most significant demands made by institutional and individual investors, who usually require the participation of the board of directors in the planning and implementation of ethical behaviour in corporations. This is done by drawing up an ethics code (EC) and then monitoring its fulfilment. This study has a dual objective: first, to analyse the role played by the composition of the board of directors, and by that we mean its independence and the diversity of its members, on the implementation and scope of an EC, and, second, to detect whether the corporate governance (CG) system moderates the level of involvement of the board in ethical issues. The findings obtained from a data panel sample made up of 760 listed companies from 12 countries for the years 2003-2009 show that the largest companies with large-sized and diverse boards implement the most developed ECs. Nevertheless, the extent of involvement of the independent directors is conditioned by the level of shareholder orientation characteristic of the system of CG in the corporation's country of origin. Springer Science+Business Media Dordrecht, 2014 Codes of ethics nationallicence Corporate governance nationallicence Board of directors nationallicence Gender diversity nationallicence García-Sánchez Isabel-María Universidad de Salamanca, Salamanca, Spain aut Rodríguez-Domínguez Luis Universidad de Salamanca, Salamanca, Spain aut Frías-Aceituno José-Valeriano Universidad de Granada, Granada, Spain aut Journal of Business Ethics Springer Netherlands 131/3(2015-10-01), 681-698 0167-4544 131:3<681 2015 131 10551 https://doi.org/10.1007/s10551-014-2300-y text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2300-y text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- García-Sánchez Isabel-María Universidad de Salamanca, Salamanca, Spain aut NATIONALLICENCE 700 1- Rodríguez-Domínguez Luis Universidad de Salamanca, Salamanca, Spain aut NATIONALLICENCE 700 1- Frías-Aceituno José-Valeriano Universidad de Granada, Granada, Spain aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 131/3(2015-10-01), 681-698 0167-4544 131:3<681 2015 131 10551