Business Ethics – Written Codes of Conduct.

May 12th, 2015
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Business ethics are the established set of rules in the legal business environments to differentiate rights from the wrongs.

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Business Ethics Written Codes of ConductBusiness ethics are the established set of rules in the legal business environments to differentiate rights from the wrongs. These ethical rules are frequently documented in the written form to improve the clarity and transparency about the ethics within the organizations and to promote a shared organizational culture that binds all the employees in one productive direction. These clearly stated written principles by which a business operates ethically and tries to tackle any misconduct within the workplace is called as code of conduct of a business [Management Help (2015)]. Code of Ethics as a small part of ethical organizational culture in financial industryThe complexity of corporate misconducts varies from situation to situation. Distinctive workplace conflict cases have different stakes associated with each of them and the complexity of each issue can be measured by the volume of predicted implications of each affair. The people working in financial industry have to deal with very complicated cash withdrawals, deposits, investment decision making, and the expenses of the operations of the organization and the misconducts are usually of a greater complexity. The written code of conduct in such scenarios does not help much because it defines the rights from the wrongs in a very clear manner [Lynn S. Paine (1994)]. The ethical values such as integrity, honesty, trustworthiness, etc. are written in a document but whe

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