A code of conduct is the foundation for all your companies' policies and procedures. That's why your company needs one. It deals with the professional standards you expect in your business.
It can include a code of ethics that sets standards for conduct at board, management and employee level. It's your way of ensuring your employees are doing the right thing and a way for your clients to know you align yourself with good corporate governance.
In fact, 'these ethical principles and standards should guide how your employees behave, how you behave and how you do business with the outside world,' says The Labour Law for Managers Loose Leaf Service.
So make these principles part your business culture.
Seven things a code of conduct can do for your company
Remember to not simply set out the ethical principles and standards that'll guide your business. 'Get feedback from employees and even clients before you put your code together,' cautions the Loose Leaf.
Knowing the benefits of having a code of conduct in your company will ensure you implement one and enforce ethical behaviour at board, management and employee level.