Why is a code of ethics important Give at least two reasonsS

Why is a code of ethics important? Give at least two reasons.

Solution

A code of ethics is a principle designed to help organization to conduct business honesty and with integrity. A code of ethics can be a doccument that outline the mission and vision of the business and adopt the ethical principles based on organization core value.

The code of ethics is important due to following reasons

1. The code of ethics lays down the rules and regulation which every individual should follow in the organization. It gives the preemtive warning against the bad practices.

2. It gives an opportunity to the organization to create a public positive identity in the society. It helps the company to create goodwill and good image in the minds of public.

3. It helps the organization to make a decision easier at all departments in the organization by reducing ambiguity and considering ethical standards.

4. It promotes the value of the professional over personal and institutional values. It builds the professionalism and quality of service among the employees and customers.