Objectives of Code of Conduct

A Code of Conduct is a key vehicle for:

  • Setting the boundaries of acceptable behavior
  • Introducing new members to the organization’s standards
  • Attracting and retaining high-calibre employees and business partners
  • Providing reassurance to members and others subject to the code that they will not inadvertently stray offside
  • Informing contractors, suppliers and others doing business with the organization of its expectations regarding acceptable/ unacceptable behavior
  • Providing the basis for sanctions against those that deviate from the Code
  • Fulfilling the regulatory obligations of public companies

Organizations which develop a Code acquire a reputation for honesty, integrity and principled business dealings. An effective Code also reinforces the organization's culture and provides protection from the possibility of unethical behavior. Merely issuing a Code does not assure an organization that it will be observed, it has to be implemented with all sincerity.

Share This:

Comments are closed.