What helps ensure that good ethics are practiced throughout a company?

A code of conduct serves as a formal guideline for ethical behavior within a company. It outlines the values, principles, and standards expected from all employees, creating a clear framework for decision-making and behavior in various situations. By having a well-defined code of conduct, employees are more likely to understand what is considered acceptable and what is not, promoting a culture of integrity and accountability.

A code of conduct also establishes a consistent approach to handling ethical dilemmas, which can help mitigate risks associated with unethical practices. When employees know what is expected of them, and when the company actively promotes these values, it strengthens the overall commitment to ethical behavior.

While regular employee reviews, profit-sharing, and employee awards programs contribute to employee motivation and engagement, they do not directly establish standards for ethical behavior or create a structured approach to ethics within the organization in the way a code of conduct does.