Senior officers often have an additional code of ethics.

• A. TRUE
• B. FALSE
• C. NOT SPECIFIED
• D. ONLY IN LARGE COMPANIES

Answer: (A)

Senior officers are typically held to an enhanced ethical standard because they carry greater responsibility, higher risk of conflicts of interest, and more public visibility. To support consistent, trustworthy decision-making at the top, many organizations establish a formal code of ethics or conduct specifically for executives. This code, often board-approved and aligned with corporate governance policies, guides how leaders handle dilemmas, compliance, and accountability, ensuring actions reflect the organization’s values and obligations to stakeholders. While not universal in every company, the practice is common enough that saying senior officers often have an additional code of ethics is accurate. Smaller organizations may blend executive expectations with broader policies, but the general trend remains.