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Every firm usually has a way of doing things which should be followed by the different people in the given organization. Some organizations usually have written specifications of the way things ought to be done at all times while some firms may not have it in written form. Generally, a code of ethics is such a written specification specifying the way things should be done in the organization at all given moments. Thus, a code of ethics is a document outlining different aspects like the values of the firm, its mission, the way to approach different challenges and the standards the different stakeholders of the firm must uphold.
The code of conduct can generally help a nonprofit organization by setting the standards to be adhered to. This means it actually brings harmony in the organization as the different parties understand what to do from the document. Other outside stakeholders like donors also becomes aware of the different ways of doing things including learning on the level of integrity in the organization. Thus, it is a document of such great importance to a nonprofit organization.
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