Question - Isn’t This An Industry Code Of Conduct? Why Did The Vendors Choose To Name The Document The “principles Of Conduct?”
Answer -
The Principles are a truly global initiative developed by experts and vendor companies from three continents. When deciding on the title, participants had to take into account how the Principles text—including the title—might translate into other languages. Participants decided to call this voluntary initiative the “Principles of Conduct” rather than a “code”—the term often employed in such voluntary corporate social responsibility initiatives—because when “code” was translated into some other languages, it acquired an overly legalistic meaning that might have created confusion regarding whether this was a state-based, legally mandated or voluntary initiative.