Code of conduct
- 1. CODE OF CONDUCT Presented By Aparna Mishra
- 2. MEANING OF CODE OF CONDUCT • A code of Conduct is a Management tool for setting out an organisations values, responsibilities and ethical obligations. • Codes are typically comprised set of rules by any business stated either affirmatively or as prohibitions. “This is what you must or must not do” • It provides guidance for handling different business situations.
- 3. SIGNIFICANCE OF CODE OF CONDUCT • A code of conduct promotes a good social and professional culture within an organisation by demonstrating how people are expected to act. • These codes specify about certain expectations regarding the following areas a) Obedience to law b) Conflict of interests c) Insider Trading d) Preserving Confidential Information e) Competition and fair dealing among other things
- 4. STEPS TO DEVELOP A CODE OF CONDUCT Assess current organisational culture Identify desired employee behaviour Instituting a code Consultation Process Implementation stage
- 5. REASONS FOR INEFFECTIVENESS OF A CODE OF CONDUCT Majority of employees are ignorant of the code of conduct; Too many inconsistencies and impartiality in administering code of conduct have made it unsuccessful; Lack of adequate and regular education of employees about code of conduct affected its practice.
- 6. ETHICAL SUGGESTIONS Companies need to be trustworthy and honest - Impacts stakeholders, customers employees & community - Ethics and Business go hand in hand. Emphasize on creating an environment where people feel safe enough to speak up Undertake intensive research and figure out - Which solution or action will be for the greater good of the company - Which solution respects the rights of everyone.