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A code of ethics is a set of principles and rules used by individuals and organizations to govern their decision making process, as well as to distinguish right from wrong. These codes are often more complex and contextual than simple morality, acknowledging specific situations and providing guidance.
The code of ethics usually includes the six universal moral values that state you expect employees to be trustworthy, respectful, responsible, fair, caring and good citizens. You can also include values such as celebrating diversity, using green standards in the workplace, or dress codes.
List your personal values. If you are in charge of the company or leading the creation of the code of ethics, you should consider your personal values. ... Discuss the company's values. Ask a team of your employees to list the company's values. ... Review codes of ethics written by others.
A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. Regardless of size, businesses count on their management staff to set a standard of ethical conduct for other employees to follow.
What a code of conduct should include. The most common sections to include in a code of conduct are: ethical principles - includes workplace behaviour and respect for all people. values - includes an honest, unbiased and unprejudiced work environment.
A code of ethics issued by a business is a particular kind of policy statement. A properly framed code is, in effect, a form of legislation within the company binding on its employees, with specific sanctions for violation of the code.
A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values, and the standards to which the professional is held.
Another purpose of a code of ethics is to provide guidance and set common ethical standards to promote consistency in behavior across all levels of employment. A code governs the actions and working relationships of board members and top management with employees and in dealings with other stakeholders.
The CEO had begun to lose sight of his ethics: he no longer cared who he hurt in order to build his riches. When he came to the company five years ago to lead, he wanted the ethics of the company to be self-evident in treating everyone with respect and never short-changing a client.
English Language Learners Definition of ethic : rules of behavior based on ideas about what is morally good and bad. : an area of study that deals with ideas about what is good and bad behavior : a branch of philosophy dealing with what is morally right or wrong. : a belief that something is very important.
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