The value of any formal code of ethics relies on:

A) the underlying human resource foundations of the organisation.
B) committed managers who are willing to set examples and act as positive ethical role models.
C) effective hiring practices that staff organisations with honest and moral people.
D) All of the options listed
E) None of the options listed

The value of any formal code of ethics relies on a combination of factors including the underlying human resource foundations of the organization, committed managers who are willing to set examples and act as positive ethical role models, and effective hiring practices that staff organizations with honest and moral people. All these elements work together to create an environment where a formal code of ethics can be effectively implemented and followed.