A code of conduct and a code of ethics define the company’s values, objectives and provide guidance to the responsibilities of the employees. A code of ethics governs decision-making while a code of conduct governs actions for companies to self-regulate. Every code of ethics and conduct is different and should reflect the unique ethos, values and business style of the company. A solid code of conduct and ethics can help companies improve business relationships by providing a healthier work climate for employees and establishing a public image of good behavior. Companies may also limit their legal liability from poor employee performance through creating a culture of compliance through continuous ethics training.
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2016-12-28T13:21:46-07:00March 31st, 2013|Compliance Blog|Comments Off on Code of conduct or ethics?
A code of conduct and a code of ethics define the company’s values, objectives and provide guidance to the responsibilities of the employees. A code of ethics governs decision-making while a code of conduct governs actions for companies to self-regulate. Every code of ethics and conduct is different and should reflect the unique ethos, values and business style of the company. A solid code of conduct and ethics can help companies improve business relationships by providing a healthier work climate for employees and establishing a public image of good behavior. Companies may also limit their legal liability from poor employee performance through creating a culture of compliance through continuous ethics training.
