Guide to Preventing Workplace Fraud - Chubb Group of Insurance ...

Code of Ethics or Code of Conduct
Many companies incorporate their key ethical values into a formal policy
document, typically referred to as a “code of ethics” or “code of conduct.”
Establishing and communicating such a code is an excellent way to ensure
that employees and business associates understand the corporate values and
the expected behaviors in support of those values. Communicating this code
often includes training programs that further articulate the conduct and
behaviors expected of all company employees and, in many cases, of those
who do business with the company.
A written code outlines what the company means by “honesty and integrity”
on a practical level. Guidelines within the code (or they might be
supplements to the codes) provide employees with expectations of how they
are expected to conduct themselves within the company and as
representatives of the company. Businesses often post their codes on their
Web sites to more broadly educate the market on their expectations of
employees and business associates.
A code of ethics or code of conduct commonly includes specific segments
that address:
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Behaving with honesty and integrity.
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Complying with laws and regulations.
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Disclosing/reporting conflicts of interest.
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Maintaining confidentiality of information.
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Receiving or giving gifts.
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Reporting instances of company code violations.
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Using company assets and resources.
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