Code of Ethics

A Code of Ethics is a set of guidelines that an organization or individual follows to ensure that their actions are ethical and
aligned with their values. In the context of business ethics, a Code of Ethics outlines the principles and standards of
conduct that a company expects its employees to uphold.

The following are some of the key elements typically included in a Code of Ethics for business: A.  Honesty and Integrity:
The code should emphasize the importance of honesty and integrity in all business dealings. This includes avoiding
conflicts of interest and being transparent about any potential conflicts.
B. Respect for others: The code should promote a culture of respect and inclusivity, where employees are treated with
dignity and respect, and discrimination and harassment are not tolerated.
C. Compliance with laws and regulations: The code should emphasize the importance of complying with all applicable
laws and regulations, including those related to anti-bribery, anti-corruption, and data privacy
D. Fair treatment of employees: The code should promote fair treatment of employees, including non-discrimination in
hiring and promotions, fair compensation and benefits, and opportunities for professional growth.
E. Responsible use of company resources: The code should emphasize the importance of responsible use of company
resources, including avoiding waste and inefficiency, protecting the environment, and respecting intellectual property
rights 
F. Social responsibility: The code should promote social responsibility and encourage the company to contribute to the
well-being of society through philanthropic activities, ethical sourcing, and other initiatives. 
G. Accountability: The code should hold employees accountable for their actions and provide a mechanism for reporting
ethical violations without fear of retaliation. By following a Code of Ethics, companies can demonstrate their commitment
to ethical conduct, promote a culture of integrity, and build trust with their stakeholders.

Code of Ethics in the Philippines

The Code of Ethics in the Philippines refers to the set of principles and standards of conduct that guide the behavior of
professionals in various fields, such as business, law, medicine, education, and engineering, among others. These codes
are typically developed by professional organizations and are intended to promote ethical behavior and protect the
interests of the public.

Here are some examples of codes of ethics in the Philippines:

A. Code of Ethics for Certified Public Accountants (CPAs) - developed by the Board of Accountancy, this code outlines
the ethical principles and professional responsibilities that CPAs should uphold in their practice 
B. Code of Ethics for Teachers - developed by the Professional Regulation Commission (PRC), this code defines the
standards of professional conduct and behavior that teachers should adhere to in their work.
C. Code of Ethics for Lawyers - developed by the Integrated Bar of the Philippines, this code outlines the ethical
principles and standards that lawyers should follow in their practice, including maintaining confidentiality, avoiding
conflicts of interest, and promoting access to justice
D. Code of Ethics for Engineers - developed by the Professional Regulation Commission, this code defines the ethical
standards and principles that engineers should uphold in their practice, including ensuring public safety, protecting the
environment, and maintaining professional competence
E. Code of Ethics for Medical Practitioners - developed by the Philippine Medical Association, this code outlines the
ethical principles and responsibilities that medical practitioners should follow in their practice, including promoting patient
welfare, maintaining confidentiality, and avoiding conflicts of interest

By adhering to these codes of ethics, professionals in the Philippines can demonstrate their commitment to ethical
behavior and uphold the trust of the public in their respective fields.