❖ What Is a Code of Conduct
Trendastic Ventures A company's code of conduct is a set of guidelines developed for a company's employees that protect the company while also informing the employees of the company's expectations. It distinguishes one organization from the other. Small and large businesses need to prepare a document that contains vital information about employee expectations.
In this article, we explain what a code of conduct is, discuss why it is essential, and explore the types of codes of conduct.
A code of conduct is an essential guide outlining the principles, values, and behaviours expected within a company, reflecting the company's culture and serving as a reference for employees and stakeholders.
❖ Why is a code of conduct necessary?
While the term "code of conduct" is commonly used to describe this written agreement and its set of expectations, some companies refer to it as "code of business ethics," "code of ethical business conduct," or "code of ethics and standards." The code of conduct provides a foundation for ethical decision-making within the company. Businesses use it as a communication tool that informs different stakeholders about an organization, its employees, and its management's values. Here is a breakdown of some reasons a code of conduct is essential:
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