5. Discuss conduct and ethics codes, including the value of each, and consider the potential need for sanctions in each.
Expert Answer
Conduct Code- The conduct code of business is a management tool used to set up the organization’s values, responsibilities and obligations. It provides guidance to the employees to handle any kind of difficult situation that they may face in their career. For the code to be truly effective, it must be embedded in the companies code of conduct, for the employees to truly follow it.
The code of conduct is highly valuable in today’s corporate world where
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