ARELLANO UNIVERSITY

Andres Bonifacio Campus

NAME: ____________________________________________ DATE: _______________

Direction: Explain the following questions (10 points)

1. What is code of ethics?

- A code of ethics is a set of principles and values that guide the behavior and decision-making of
individuals or organizations. It provides a framework for ethical conduct and helps to promote
responsible and professional behavior.

2. What is code of corporate conducts?

- A code of corporate conduct, also known as a code of business ethics, is a set of guidelines
and standards that a company establishes to guide the behavior of its employees and
stakeholders. It outlines the company's values and principles and provides guidance on how
employees should behave in different situations.

The purpose of a code of corporate conduct is to promote ethical behavior, prevent misconduct
and conflicts of interest, and ensure that the company operates in a socially responsible manner.

3. What steps can be taken to create and maintain an ethical culture in a business
organization?
- Creating and maintaining an ethical culture in a business organization requires a deliberate and
sustained effort over time. Here are some steps that can be taken to establish and promote an ethical
culture:

1. Develop a code of ethics: Establish a written code of ethics that outlines the company's values,
principles, and expectations for ethical behavior. Communicate this code to all employees and
stakeholders and ensure that it is easily accessible and understandable.
2. Lead by example: Company leaders should model ethical behavior and demonstrate a
commitment to ethical conduct. They should also hold themselves and others accountable for
ethical violations and provide a safe and supportive environment for employees to raise ethical
concerns.

3. Communicate regularly: Regular communication with employees and stakeholders about ethical
expectations and issues is essential for promoting an ethical culture. This can be done through
training, meetings, newsletters, and other channels.

4. Provide training and education: Training and education can help employees understand the code
of ethics, identify ethical issues, and make ethical decisions. It can also help ensure that all
employees understand the importance of ethical conduct and how it benefits the organization.