Many companies use the phrases 'ethical code' and 'code of conduct' interchangeably but it may be useful to make a distinction. A code of ethics will start by setting out the values that underpin the code and will describe a company's obligation to its stakeholders. The code is publicly available and addressed to anyone with an interest in the company's activities and the way it does business. It will include details of how the company plans to implement its values and vision, as well as guidance to staff on ethical standards and how to achieve them.
However, a code of conduct is generally addressed to and intended for employees alone. It usually sets out restrictions on behavior, and will be far more compliance or rules focused than value or principle focused.
It is important that each employee understands and commits in writing to Code Of Ethics of the company. This must be included in the induction program and a signed copy of the Code may be part of the joining papers of any employee.
It should be simple, brief and clear like the one below
· Show respect in the workplace; do not discriminate
· Act with integrity in the marketplace
· Ensure ethics in our business activities
· Perform work responsibly for our shareholder
Also read: what Is Ethics?
