A Code of Ethics and A Code of Conduct
A Code of Ethics and A Code of Conduct
Conduct
are two unique docu-
ments.
-A Code of Ethics describes broad ethical
aspirations. A Code
of Conduct describes acceptable
behaviors for specific situations that
are likely to arise
Procedures of Codes
-Have employees participate in
constructing the code
-A cross-functional
team, representing different aspects of
company operations, can then
draft a code for managerial approval. The
end result is a unique Code
of Ethics with a broad base of support
CODE OF ETHICS
-A Code is defined as a systematically
arranged set of principles, standards,
best practices and/or recommendations,
-A code of ethics, also called a code of
conduct or ethical code, set out the
company’s value, ethics, objectives and
responsibilities.
Importance of Code
Codes of Ethics and Conduct
demonstrate managerial concern
about
ethics, convey a particular set of
values to all employees, and have an
impact on employee behavior.
They provide employees with clear
and consistent moral guidance
Weakness
many companies
have a vague Code of Ethics that is
not well-communicated to
employees