Professional code for managers

The Financial Times has published an article by two professors of business administration, Rakesh Khurana and Nitin Nohria. The professors propose a new code of conduct for managers.

The requirements are:

● Enhance the value of the enterprise to create wealth for society in the long term.

● Uphold laws and contracts.

● Make judgments based on the best knowledge available.

● Never let personal benefit supersede the good of the company.

● Present the company’s performance accurately and transparently.

● Accept responsibility for promoting management standards.

● Do not allow gender or race to influence decisions.

I would also like to see companies publicly audited and rated on their management conduct, so that potential employees, suppliers and customers can decide who best to do business with.

If you've worked in one country and then another (or one company and then another), what differences did you notice in management style?