Stakeholder confidence refers to the trust and belief that various stakeholders, including employees, customers, investors, and the community, have in a company's integrity, ethics, and ability to deliver on its commitments. High levels of stakeholder confidence can enhance a company's reputation, encourage customer loyalty, and attract investment, while low confidence can lead to skepticism and disengagement. Corporate codes of ethics and values play a crucial role in establishing and maintaining this confidence by clearly outlining the principles that guide a company's behavior and decision-making processes.
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