Code of conduct A code of conduct is a set of rules outlining the norms, rules, and responsibilities or proper practices of an individual party or an organisation. Companies code of conductA company code of conduct is a set of rules which is commonly written for employees of a company, which protects the business and informs the employees of the company's expectations. It is appropriate for even the smallest of companies to create a document containing important information on expectations for employees. The document does not need to be complex, or have elaborate policies. Failure of an employee to follow a company code of conduct can have negative consequences. In Morgan Stanley v. Skowron, 989 F. Supp. 2d 356, applying New York's faithless servant doctrine, the court held that a hedge fund's employee engaging in insider trading in violation of his company's code of conduct, which also required him to report his misconduct, must repay his employer the full $31 million his employer paid him as compensation during his period of faithlessness. In practiceA code of conduct can be an important part in establishing an inclusive culture, but it is not a comprehensive solution on its own. An ethical culture is created by the organization's leaders who manifest their ethics in their attitudes and behavior. Studies of codes of conduct in the private sector show that their effective implementation must be part of a learning process that requires training, consistent enforcement, and continuous measurement/improvement. Simply requiring members to read the code is not enough to ensure that they understand it and will remember its contents. The proof of effectiveness is when employees/members feel comfortable enough to voice concerns and believe that the organization will respond with appropriate action. Accountants code of conductIn its 2007 International Good Practice Guidance, "Defining and Developing an Effective Code of Conduct for Organizations", the International Federation of Accountants provided the following working definition: "Principles, values, standards, or rules of behaviour that guide the decisions, procedures and systems of an organization in a way that contributes to the welfare of its key stakeholders, and respects the rights of all constituents affected by its operations." Examples
Banking Code Coca-Cola Code of Conduct Code of Conduct for the International Red Cross and Red Crescent Movement and NGOs in Disaster Relief Code of Hammurabi Code of the United States Fighting Force Declaration of Geneva Declaration of Helsinki Don't be evil Eight Precepts Election Commission of India's Model Code of Conduct Ethic of reciprocity Five Pillars of Islam Geneva convention Hippocratic Oath ICC Cricket Code of Conduct International Code of Conduct against Ballistic Missile Proliferation Israel Defense Forces – Code of Conduct Journalist's Creed Moral Code of the Builder of Communism Patimokkha Pirate code of the Brethren Psychiatrists' Ethics – Madrid Declaration on Ethical Standards for Psychiatric Practice Psychologists' Code of Conduct Recurse Center "Social Rules" Rule of St. Benedict Solicitors Regulation Authority Code of Conduct 2011 Ten Commandments Ten Indian commandments Ten Precepts Uniform Code of Military Justice Vienna Convention on Diplomatic Relations Warrior code
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