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A code of ethics, also referred to as an ethical code or statement of ethical principles, is a document that sets forth the expectations, standards of practice, and principles of conduct for a business or organization.

The classic example is the Golden Rule: "Do unto others as you would have them do unto you." Other examples of societal ethical behavior include: Respect - Citizens must respect another's property, choices and lives. Loyalty - People put their family and friends' needs before their own.

There are two types of codes of ethics exist: compliance-based and integrity-based. Compliance-based ethics are a set of specific rules meant to protect businesses and employees from legal repercussions due to violating laws.

A professional code of ethics is a set of principles designed to help a business govern its decision-making and distinguish right from wrong.

Generally, a code of ethics should include the six universal moral values, where you state that you expect an employee to be trustworthy, respectful, responsible, fair, kind, and good citizens. Honorable mentions include adding that your business celebrates diversity, green practices, and proper dress codes.

Background Integrity. Objectivity. Professional Competence and Due Care. Confidentiality. Professional Behavior.

An overview of ethics and clinical ethics is presented in this review. The 4 main ethical principles, that is beneficence, nonmaleficence, autonomy, and justice, are defined and explained.

How to Write a Code of Ethics and Code of Conduct: Review your mission statement and core values. ... Talk to stakeholders. ... Review past ethical issues. ... See where other companies have faltered. ... Create a draft code for input and discussion. ... Create a final draft and share it.

Ethical Code It is a guide of principles designed to help professionals conduct their business ethically. This code of ethics can also describe ethical values of a company or organization and reflect its mission. How employees are to approach different issues, and how these standards should be enforced.

A code of conduct defines how a company's employees should act on a day-to-day basis. It reflects the organization's daily operations, core values and overall company culture.Free Bonus: Click here to get access to a free Code of Conduct Template so you can create your own code of conduct in less time.