We have recently drawn this policy. Companies must introduce the ethics policy in order to win the trust of the customers and investors. Ethics play an important role in establishing a business's integrity and reputation. In this digital age, it is necessary to follow good trade practices in order to become a profitable business.
Ethics also bars the employee from corrupt practices. Businesses are expected to fully comply with environmental laws, safety regulations, fiscal and monetary reporting statutes and all applicable civil rights laws.
Customers and investors always prefer organisations that are known for having a good reputation; so, the company must use the ethics policy to guide its employees while performing duties on behalf of the company. Furthermore, ethics helps to build customer loyalty and to attract new customers.
The ethical standards of a business are a key factor in how that business is defined. Ethical standards promote values such as trust, good behaviour, and fairness.
A business's reputation impacts its customers, employees, potential for growth and overall success. A business organization that exemplifies integrity in its products, services, and actions will hold itself up to high ethical standards on all three levels.
Every organisation has the responsibility to develop codes of conduct and ethics that all members must abide by and put into action.
This Ethics Policy is in Microsoft Word format, written in plain English, easy to use and edit.
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