TRAINING ON CODE OF CONDUCT AND ETHICAL STANDARDS (2024)

FAQs

TRAINING ON CODE OF CONDUCT AND ETHICAL STANDARDS? ›

Code of conduct training is an essential part of ethics and compliance for any business, regardless of size, industry, or region. It helps ensure that all employees know what is expected of them as members of your organization—which can ultimately improve your company's culture, productivity and overall performance.

A code of ethics is broader, providing a set of principles that affect employee mindset and decision-making. A code of conduct offers principles defining the ethics of a business, but it also contains specific rules for employee actions and behavior.

Code of conduct training increases awareness of a wide range of ethical and legal issues in the workplace, such as conflicts of interest, bribery and corruption, insider trading, data privacy, information security, diversity and inclusion and social media use.

A code of conduct clearly outlines expected standards of behaviour. It is a clear set of unambiguous expectations. The code of conduct specifies actions in the workplace, whereas a code of ethics is a general guide to decisions about those actions.

It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.

A Code of Ethics governs decision-making, and a Code of Conduct govern actions. They both represent two common ways that companies self-regulate.

Main principles of ethics, that is beneficence, nonmaleficence, autonomy, and justice, are discussed. Autonomy is the basis for informed consent, truth-telling, and confidentiality. A model to resolve conflicts when ethical principles collide is presented.

The Code is framed around four core values – respect, trust, partnership and integrity – and eight primary principles.

What is an example of a code of conduct in ethics? ›

For example, a zero-tolerance approach to harassment could deter a manager from yelling at their employees. Or, explaining your company's conflict of interest policy might keep an employee from unwittingly committing fraud.

Ethics examines the rational justification for our moral judgments; it studies what is morally right or wrong, just or unjust. In a broader sense, ethics reflects on human beings and their interaction with nature and with other humans, on freedom, on responsibility and on justice.

A Code of Conduct applies the Code of Ethics to various relevant situations. A rule in the Code of Ethics might state that all employees will obey the law. A Code of Conduct might list several specific laws relevant to different areas of organizational operations, or industry, that employees need to obey.

What is a Code of Conduct? They are, in fact, two unique documents. A Code of Ethics governs decision-making, and a Code of Conduct govern actions. They both represent two common ways that companies self-regulate.

A code of conduct sets out clearly the leadership's expectations for behaviour across the business in the areas of integrity, objectivity, confidentiality, professional behaviour and professional competence. It helps to ensure employees are comfortable in their working environment.