9. Ensure executive commitment.

The anonymity of those who report the

problems should be practiced.
10. Communicate the principles of conduct within the
company and across the industry.
11. Assign an officer who is clearly responsible for the enforcement of ethical
standards. He/she can be consulted for advice.

12. Establish a procedure for violations of ethical standards, and fully

review any offenses reported.

13. Ensure high perseverance by the company's board of

trustees.
14. Lead by example, above everything else.
Code of Ethics contains the following:
1. Vision means something that you imagine; a
picture that you see in your mind (Merriam-
Webster Dictionary). The vision statement
helps to ensure the alignment of the decisions
to the company goals.

Example: To make innovations that everyone could

access and adapt depending on their needs
2. Values (value means something thought
of as important or useful) Values in business
help to ensure that all of the employees
work towards the company goals.

Example: We commit ourselves to serve our

customers with quality service and utmost
respect.
3. Mission- a specific task with which a person
or a group is charged (Merriam-Webster
Dictionary). The mission statement clearly and
effectively guides the business or the
organization in its decision-making.

Example: To inspire all the young athletes of

the country... tell them to dream and go for it!
4. Principles- moral rules or beliefs that help
you know what is right and wrong and that
influence your actions (Merriam-Webster
Dictionary).

Examples:
Customers have to be respected.
Make sure to deliver quality product.
Simplified Sample of Code of Ethics: XYZ Company
Our Core Values
Our Vision: To lead the car industry by giving our customers quality
cars worthy of their money and unmatched customer services
Our Values:
We act with the highest standards of integrity.
We respect individuals and treat them fairly.
Our Mission:
To work efficiently and enthusiastically to make XYZ Company the
country’s top car dealer while serving our customers punctually and
courteously
Our Principles:
1st: XYZ Company shall adopt a zero-tolerance policy towards
bribery and corruption in whatever form;
2nd: All company officers and employees shall conduct
business in accordance with Philippine laws and regulations;
and;
3rd: We shall act in good faith and observe sense of
professionalism at all times.
Code of Ethics aims to lessen conflicting issues as it explains to what
degree such conflicts can be avoided and what parties can do if these
conflicts happened.

Professionals therefore cannot say that they were ignorant of the

immoral nature of their improper behavior. Often relevant is the
possibility of disciplinary action (e.g. disbarment of a lawyer) which
helps minimize unnecessary disagreements or offensive behavior
where a confrontation is imminent or is likely to happen.