A code of conduct is considered an explicit set of ethical principles.
What is a code of conduct?
A code of conduct can be defined as a set of rules, agreed behaviors, norms, accepted practices, ethical principles and responsibilities that are set aside for the members of a group or business firm.
This ultimately implies that, a code of conduct is a strategic policy that explicitly outlines the ethical principles and standard which the members and other third parties acting on behalf of a group or business firm must always adhere to in all circumstances because they are clearly stated without any exception.
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