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1. Selected ethical standards are needed by individuals, organizations, or institutions who want to uphold and promote ethical behavior, integrity, and compliance.
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Selected ethical standards refer to guidelines and principles established to ensure ethical conduct and decision-making within organizations or professions. They provide a framework for evaluating behavior and maintaining integrity.

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The purpose of selected ethical standards is to promote transparency, accountability, and ethical behavior among professionals. They help to prevent conflicts of interest and ensure that individuals act in the best interest of the public or their organization.

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Individuals must report information such as financial interests, relationships that may present a conflict of interest, gifts received, and any other relevant factors that might influence decision-making.