Code of Conduct in Business

“Code of Conduct in Business”
Shweta Mukherjee
JIMS, Kalkaji
Meaning of Code of Conduct
• A code of business conduct, sometimes called a
code of ethics, is a management tool for setting
out an organizations values, responsibilities and
ethical obligations.
• The code of conduct provides employees with
guidance for handling difficult ethical situations
related to the business.
• Businesses develop their own codes, based on
their core values, and no two codes are the same.
• To be truly effective, the code of conduct must
also be embedded in the business, so employees
know how it applies to them.
Steps for developing a Code of
Conduct
• Developing a Code
• Effect on Employee Behavior
• Instituting the Code
• Significance
• Good Business Conduct
What a code of conduct should
include
• ethical principles - includes workplace
behavior and respect for all people.
• values - includes an honest, unbiased and
unprejudiced work environment.
• accountability - includes taking responsibility
for your own actions, ensuring appropriate
use of information, exercising diligence and
duty of care obligations and avoiding conflicts
of interest.
Cont…
• standard of conduct - includes complying with
the job description, commitment to the
organization and proper computer, internet and
email usage
• standard of practice - includes current policies
and procedures and business operational manual
• disciplinary actions - includes complaints
handling and specific penalties for any violation
of the code.
Getting staff input
When writing code of conduct, one should
consult their staff and stakeholders for their
input. Consider how he will include their input in
his document. Questions you might like to ask
staff include:
– What does ethics mean to you?
– How effectively does the business put its values into
practice?
– Can we improve our ethical performance?
– What do you think of the draft ethical guidelines?
– Would this code of conduct help you make decisions?
– How could it be more helpful?
– Is there anything else we should include?
Tips for writing a code of conduct
• Use simple, clear language that all
employees can understand.
• Use examples of acceptable and
unacceptable behavior to clarify points.
• Get someone else to read the document
before finalizing it. A friend or family
member can help, but a professional
proofreader would be best.
Code of conduct of Amazon.com
In performing their job duties, Amazon.com
employees should always act lawfully,
ethically, and in the best interests of
Amazon.com. This Code of Business Conduct
and Ethics (the "Code of Conduct") sets out
basic guiding principles. Employees who are
unsure whether their conduct or the conduct
of their coworkers complies with the Code of
Conduct should contact their manager or the
Legal Department.
Cont…
I. Compliance with Laws, Rules and Regulations.
II. Conflicts of Interest.
III. Insider Trading Policy
IV. Discrimination and Harassment
V. Health and Safety
VI. Price Fixing
VII. Bribery; Payments to Government Personnel
VIII.Recordkeeping, Reporting, and Financial Integrity
IX. Questions; Reporting Violations
X. Periodic Certification
XI. Board of Directors
XII. Waivers
Thank you
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Code of Conduct in Business

  • 1. “Code of Conduct in Business” Shweta Mukherjee JIMS, Kalkaji
  • 2. Meaning of Code of Conduct • A code of business conduct, sometimes called a code of ethics, is a management tool for setting out an organizations values, responsibilities and ethical obligations. • The code of conduct provides employees with guidance for handling difficult ethical situations related to the business. • Businesses develop their own codes, based on their core values, and no two codes are the same. • To be truly effective, the code of conduct must also be embedded in the business, so employees know how it applies to them.
  • 3. Steps for developing a Code of Conduct • Developing a Code • Effect on Employee Behavior • Instituting the Code • Significance • Good Business Conduct
  • 4. What a code of conduct should include • ethical principles - includes workplace behavior and respect for all people. • values - includes an honest, unbiased and unprejudiced work environment. • accountability - includes taking responsibility for your own actions, ensuring appropriate use of information, exercising diligence and duty of care obligations and avoiding conflicts of interest.
  • 5. Cont… • standard of conduct - includes complying with the job description, commitment to the organization and proper computer, internet and email usage • standard of practice - includes current policies and procedures and business operational manual • disciplinary actions - includes complaints handling and specific penalties for any violation of the code.
  • 6. Getting staff input When writing code of conduct, one should consult their staff and stakeholders for their input. Consider how he will include their input in his document. Questions you might like to ask staff include: – What does ethics mean to you? – How effectively does the business put its values into practice? – Can we improve our ethical performance? – What do you think of the draft ethical guidelines? – Would this code of conduct help you make decisions? – How could it be more helpful? – Is there anything else we should include?
  • 7. Tips for writing a code of conduct • Use simple, clear language that all employees can understand. • Use examples of acceptable and unacceptable behavior to clarify points. • Get someone else to read the document before finalizing it. A friend or family member can help, but a professional proofreader would be best.
  • 8. Code of conduct of Amazon.com In performing their job duties, Amazon.com employees should always act lawfully, ethically, and in the best interests of Amazon.com. This Code of Business Conduct and Ethics (the "Code of Conduct") sets out basic guiding principles. Employees who are unsure whether their conduct or the conduct of their coworkers complies with the Code of Conduct should contact their manager or the Legal Department.
  • 9. Cont… I. Compliance with Laws, Rules and Regulations. II. Conflicts of Interest. III. Insider Trading Policy IV. Discrimination and Harassment V. Health and Safety VI. Price Fixing VII. Bribery; Payments to Government Personnel VIII.Recordkeeping, Reporting, and Financial Integrity IX. Questions; Reporting Violations X. Periodic Certification XI. Board of Directors XII. Waivers