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Business ethics refers to how ethical principles guide a business's operations. Common issues that fall under the umbrella of business ethics include employer-employee relations, discrimination, environmental issues, bribery, insider trading, and social responsibility. While many laws exist to set basic ethical standards within the business communi...

A code of ethics can take a variety of forms, but the general goal is to ensure that a business and its employees are following state and federal laws, conducting themselves according to an ideal that can be exemplary, and ensuring that the business being conducted is beneficial for all stakeholders. The following are two types of codes of ethics f...

Certain professions, such as those in the finance or health fields, have specific laws that mandate codes of ethics and conduct.

A code of ethics is similar to a code of conduct. Both are sets of professional standards to guide the behavior of an organization's members. However, there are some subtle differences: a code of ethics is used to ensure that members have sound and unclouded judgment. Examples include the legal codes that prohibit lawyers from accepting cases where...

Organizations create codes of ethics in order to eliminate unacceptable or immoral behavior from their members. These are typically structured around existing ethical issues within their industry. The first step is for the organization to identify its priorities, as well as any ethical issues that it wishes to avoid. For example, an organization ma...

Many firms and organizations have adopted a code of ethics. One good example comes from the CFA Institute (CFAI), the grantor of the chartered financial analyst (CFA) designation and creator of the CFA exams. CFA Charterholdersare among the most respected and globally recognized financial professionals. According to the CFAI's website, members of t...

A code of ethics is a guiding set of principles intended to instruct professionals to act in a manner that aligns with the organization's values, and is beneficial to all stakeholders involved. A code of ethics is drafted by a business and tailored to the specific industry at hand, requiring all employees of that business to adhere to the code. The...