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Code of Conduct and Ethics Report

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Submitted By taylor614
Words 1954
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A code of conduct policy is very important to any business. This helps to show the employees about the expectations of the company as well as the expected ethical behavior. The key idea in any business is to maintain the highest degree of ethical standards as well as maintain profitable. The revenue and collection cycle, acquisition and expenditure cycle and the production cycle also play important roles in a business when it comes to ethical standards.
For management and other employees, a code of conduct describes behavior expectations in written form or another form of communication that may be informal. Ethical codes do not always prevent unethical behavior but they do provide the employees as well as management legal and ethical standards which will help to influence their commitment and job performance to the entity’s system of internal control.
A code of conduct is intended to be a central guide and reference for users in support of day-to-day decision making. It is meant to clarify an organization's mission, values and principles, linking them with standards of professional conduct. As a reference, it can be used to locate relevant documents, services and other resources related to ethics within the organization. A code is also a tool to encourage discussions of ethics and to improve how employees/members deal with the ethical dilemmas, prejudices and gray areas that are encountered in everyday work. A code is meant to complement relevant standards, policies and rules, not to substitute for them. (Ethics Resource Center, 2011).
The first step towards establishing a business culture that is committed to ethical behavior is believing that it is possible to ethical while still maintaining profitability. It is important for everyone in the company to feel confident about the work that he or she does because it will always meet ethical standards and it will

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