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In: Accounting

Act6.1 What is the purpose of a code of conduct and what do they normally contain?...

Act6.1

What is the purpose of a code of conduct and what do they normally contain? Discuss in 120–150 words.

Solutions

Expert Solution

1- "code of conduct"

in simple words, code of conducts are nothing but the standards of conduct that is accaptable to the companies and its stakeholders.

we are going to learn "the code of conduct for employees" for getting the idea about what exactly "code of conduct" menance.

- lets learn concept of "code of conduct" in employees prospective.

2. what is code of conduct for employees?

An employee code of conduct includes expectations and defines acceptable behaviours. Many companies requires the employees to sign the code of conduct, at which point it becomes a legal agreement between the employer and employee.

it is to be noted that, codes of conducts are different from code of ethics. code of ethics represents the detailed offshoot information from teh companies ethics code.

3. puropse of code of conduct.

The purpose of code of conduct is to develop and maintain a standard of code that is acceptabel to the company and its stakeholders that includes vendors, customers and employees.

code of conducts are differs from industry to industry.

code of conduct includes the behaviour guidelines that are consistant with the company policies and shows how company perceives its image.

3. contents in "code of conduct"

codes of conduct differs from industry to industry, but it must include General clauses of adherence to company policies and ethics in an effort to keep it simple.

The blanket clauses-

The blanket clauses simply states that the employee agrees to follow the rules published elsewhere, ideally in an employee handbook which contains further details like- particular rules, regulations and policies.


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