A code of ethics, or code of conduct, defines acceptable behaviour within an organisation.Higher standards are generally promoted when a code of ethics is accepted and followed by members of an organisation.
Informal and formal codes
Formal codes are written documents that outline expected behaviours within an organisation. Formal codes of ethics are usually enforced by the threat of disciplinary action should the code not be adhered to.
An individual’s own personal code
Often supersedes the bare minimumrequirements of an organisationsethics code. An individual’s own personal code will vary from person to person as they choose to act upon their own ethical standards in their everyday actions.