The Influence of Corporate Ethical Codes of Conduct on the Production of Quality Products among Pharmaceutical Companies in Nigeria

Abstract

Business ethics is an important topic for all companies to consider today. Unfortunately, over the last decade, the number of business scandals has increased in the industry, and this change has been highlighted by the media. This trend presents pharmaceutical companies as well as NAFDAC with a challenge to ensure that ethical behavior and ethical decision making are evident to those both inside and outside the industry. This study used a sample of 280 managers drawn from pharmaceutical companies listed on NSE using a random sampling technique. Based on the findings and conclusions, the study thus recommends that managers of pharmaceutical companies should ensure that their firms have written code of ethics that crystallizes the basic rules, standards and behaviors necessary to achieve production of quality products in the industry.

Key words: Corporate ethical codes, adherence to code of conduct and quality products.