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Code Of Ethics: Is Philosophy Relevant To Applied Ethics

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3.1 CODE OF ETHICS
Otherwise known as ‘Value statement’, this is a unique document that outlines a guide of principles that governs decision-making and help professionals in a work environment carry out business with honesty and integrity (Investopedia, 2015). Simply put, it is a guideline about good and bad behaviour in an organisation. This document summarises the mission and values of the business, company standards, ethical principles and the general approach that should be adopted in problem- solving (ibid.).
In most organisations, violating or going against the code of ethics results in a reprimand, suspension or dismissal in some cases depending on the gravity of the violation. Thus, this code acts like a commandment to which employees …show more content…

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