Code of Ethics (corporate or Business Ethics)
A code of business ethics often focuses on social issues. It may set out general principles about an organization's beliefs on matters such as mission, quality, privacy, or the environment. It may delineate proper procedures to determine whether a violation of the code of ethics has occurred and, if so, what remedies should be imposed. The effectiveness of such codes of ethics depends on the extent to which management supports them with sanctions and rewards. Violations of a private organization's code of ethics usually can subject the violator to the organization's remedies (such as restraint of trade based on moral principles). The code of ethics links to and gives rise to a code of conduct for employees. Basically business ethics deal with the moral beliefs of the owners of the business towards the employees
code of ethics(business of ethics) focus on social issue of organization. It focuses on development of business, mission of business, plan of business development, it determines privacy, environment and great plan to deliver business at the top level.
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Famous quotes containing the words code, ethics and/or business:
“Wise Draco comes, deep in the midnight roll
Of black artillery; he comes, though late;
In code corroborating Calvin’s creed
And cynic tyrannies of honest kings;
He comes, nor parlies; and the Town, redeemed,
Gives thanks devout; nor, being thankful, heeds
The grimy slur on the Republic’s faith implied,
Which holds that Man is naturally good,
And—more—is Nature’s Roman, never to be
scourged.”
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—George Bernard Shaw (1856–1950)