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The purpose of a Business Code of ConductA typical conduct of framework includes various important elements like the company's core values and principles. In most organizations there is a board of committee that reviews all these codes of conduct made by the company and reinstitutes them every year. Only in some exceptional cases they are changed. The business code of conduct becomes the most important part of the companies 'ethical framework.' The main purpose of the conduct code is to act as a detailed description of what is the most legal and ethical behavior expected out of the business. It provides the business with a standardization benchmark against which they can measure their activities and also take decisions for future projects. The business code of conduct is created on the basis of the company's main ethical statement. Most of the times it is assumed that the business code of conduct is just the companies value statement. In reality it's not, it is much bigger than that as it also contains guidelines on how to implement it and what are the penalties for violating it. A business code of conduct is a 'rule book/guide' that contains all do's and don'ts from legal as well as ethical point of view and act as check list on what companies as well as employees can and must enter into. In most cases the company must take customer as well as employee complaints seriously and help them find a solution. A few important conducts that that the rule book covers are:
A few advantages of having a business code of conduct are
A business code of conduct should never be thought of as a burden to the company. In-fact it is the ground on which the company sets its foundation and the better the code of conduct and its implementation, the better the company will do in the market. This rule book also keeps the business on track as it is directly linked to their decision making skills. |