Code Of Ethics And Ethics

1704 Words Sep 21st, 2016 7 Pages
Code of Ethics Implementation
A Code of Ethics is regarded as the written guideline to the moral constitution of an organization ( ). The Code of Ethics (Appendix A) outlines the rights, duties, responsibilities, and a benchmark for the organization and its evaluation (Mihai & Alina, 2013). It contains behavioral principles and rules of conduct that aids in the decision-making processes and balances the stakeholders ' expectations and interests against corporate responsibility ( ). The establishment and practice of a code of ethics is mandatory for all organizations to govern business practices. The Sarean Oxly Act was established as a result of unethical business practices. The successful implementation and communication of the ethical philosophy an organization uses to conduct business can affect the reputation, productivity, and bottom line of the business. The goals of a strong and comprehensive code of ethics implementation plan focuses on assuring the presence of appropriate internal policies and controls. The need for an organization to demonstrate a commitment to integrity and ethical values is a key element to improve the organizations stability sustainability ( ). The code of ethics should have a detailed plan of implementation that includes communication, managing, accountability, monitoring, evaluation and a process on handling the consequences of misconduct. This paper will outline a successful…

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