American Apparel updates its ethics code after ousting Charney; Fortune, 1/6/15

John Kell, Fortune; American Apparel updates its ethics code after ousting Charney:

"American Apparel has updated its code of ethics less than a month after firing controversial CEO Dov Charney — a move that could help improve the apparel chain’s tattered reputation as it considers a possible sale, or a turnaround.

The updated policy wasn’t exactly a surprise: American Apparel APP -3.55% in a regulatory filing last month said it would replace its prior code of ethics by Jan. 1 (it appears it slightly missed that deadline). In a Securities and Exchange Commission filing, the company said the revised code was intended to “clarify, update, or enhance the descriptions of the standards of conduct that were expected of all directors, officers and employees of the company.”"