The Ethical Code Of Conduct Essay

Length: 3 pages Sources: 2 Subject: Transportation Type: Essay Paper: #66376065 Related Topics: Ethical Dilemmas, Internal Factors, Code Of Ethics, Prohibition
Excerpt from Essay :

Ethical Business

A Code of Ethics Importance

Key areas of the company's code of conduct policies

Explain the key steps that the company should take to ensure that employees follow the code of conduct

Suggest three ways in which the restaurant can engage in socially responsive activities in the community within which it operates

A Code of Ethics Importance

A code of ethics is a necessary component for all companies that intend to do business in an ethical manner in general, and a detailed code of ethics that targets various aspects of operations can actually be used as a competitive advantage that serves as the basis of managerial decisions based on the specific set of objectives the company wishes to accomplish. Such a code forms the common framework used as the foundation of all business decisions (Barth, 2003).

Apart from keeping a company away from any suspicions with regards to its compliance requirements, a code of ethics helps in the creation of a cohesive understanding of the boundaries of expectations from within the company, but also sets standards that are applicable in the manner in which employees deal with external stakeholders. A company's legal standing, as well as its reputation, can also be protected to some degree...


For this analysis, a discussion of the details relevant to a specific code of ethics with provided, which will be illustrated by the Cheesecake Factory.

Key areas of the company's code of conduct policies

The Business Financial Interests ethical code that is applicable to both the employees and the directors of the company and directly impacts the manner in which the company does business on a daily basis. This code of conduct provision entails that no individual in the company should make personal financial gains through dealings on behalf of the company. The company also expects officers and directors to refrain from ay transactions that even gives the impression of a possible financial conflict of interest. Additionally, the company also expects that no relative of any employee of the company should have an interest in or any form of financial investments in a customer, supplier, contractor or a competitor of the company.

This provision helps the company to maintain a steady image among the stakeholders -- both internal and external, about its unbiased nature and its standards of ethical behavior in its business conduct in general. In the long run, such ethical conduct of business also helps promote a positive image of the company in the minds of the customers and potential customers. The employees are bound to disclose all their business interests to the supervisor to ascertain the extent and nature of any arising conflict of interest ("Amended and Restated Code of Ethics for Executive Officers, Senior Financial Officers, and Directors," 2016).

Other aspects of the code of conduct that are also related and can impact business operations include the prohibition of the use of company position by an employee, the use of company property, or company information for making personal gains. Such acts can only be done with direct permission from the Audit Committee. This measure ensures that the company does not carry the reputation of its officers using their influence to make transactions and hence…

Sources Used in Documents:


Amended and Restated Code of Ethics for Executive Officers, Senior Financial Officers, and Directors. (2016). Retrieved 3 June 2016, from

Barth, S. (2003). Corporate ethics. [Boston]: Aspatore.

Code of Ethics and Code of Business Conduct (Revised March 2006). (2016). Retrieved 3 June 2016, from

Corporate ethics: the business code of conduct for ethical employees. (2003). Choice Reviews Online,41(04), 41-2265-41-2265.

Cite this Document:

"The Ethical Code Of Conduct" (2016, June 10) Retrieved June 12, 2021, from

"The Ethical Code Of Conduct" 10 June 2016. Web.12 June. 2021. <>

"The Ethical Code Of Conduct", 10 June 2016, Accessed.12 June. 2021,

Related Documents
Code of Ethics Comparison Ethical Codes Are
Words: 1317 Length: 4 Pages Topic: Psychology Paper #: 15842338

Code of Ethics Comparison Ethical codes are those regulations put by an organization or association to enable them to make a clear decision on understanding what is wrong or right and hence applying this understanding to make informed decisions. There is three main classification of ethical codes, they include code of ethics for corporate or businesses, code of conduct for employees, code of practice (professional ethics). Code of ethics in business focuses

Ethical Code of Conduct Every Company Needs
Words: 692 Length: 3 Pages Topic: Careers Paper #: 42459295

Ethical Code of Conduct Every company needs to understand the importance of having an ethical code of conduct in place. For an organization working in import and export, the same stays true and will in fact need to be further enhanced since the organization will be frequently dealing with people in other countries and hence needs to be even more ethical in its practices. Ethical code of conduct needs to follow

Ethical Codes or Programs: 1
Words: 2508 Length: 9 Pages Topic: Teaching Paper #: 33282034

Another main factor that has also been mentioned above is the factor of Personal Development that is held highly important at Saint Leo University. The administration and education board at the university feels that it is essential for every educational institution to have the kind of educational setup that will promote the progress of every individual's mental, physical and spiritual being in an appropriate and composed way (ALA/ACRL, 2008). Responsible Stewardship

Company's Ethical Code
Words: 2251 Length: 8 Pages Topic: Business Paper #: 90455400

Code of Ethics Introduction and Company Background Guiding Principles Purpose of the Code Core Values Training and Education Covered Employees Implementation and Communication Enforcement and Reporting Mission Statement Code of Ethics: The XYZ Company Introduction and Company Background Having a code of ethics is a big part of doing business. It is not something every company has, but those that do have these codes provide them because they want to be ethical and strong. Ethical codes help make requirements clear for every

Self-Assessment of Any Familiarity With Ethical Codes
Words: 607 Length: 2 Pages Topic: Psychology Paper #: 83932455

self-assessment of any familiarity with ethical codes, principles and laws and personal professional development goals for the semester in relation to these topics and your growth to date. You should discuss your strengths and weaknesses using these, and your plan for enhancing your assets and reducing your limitations. I am familiar with the general principles of ethics that are mainly intuitive, for instance, respecting the other, treating their coincidences confidentially,

Code of Ethics and Principles of Professional Conduct
Words: 1059 Length: 3 Pages Topic: Teaching Paper #: 37760496

Code of Ethics and Principles of Professional Conduct of the Education Profession in Florida Despite there being a clear Code of Ethics and Principles of Professional Conduct for the Education Profession in Florida, we have all witnessed a myriad of court cases whereby educators are accused of violating these very same guidelines they are supposed to observe and promote. In this text, I highlight a number of cases where educators have