Ethical practices in responsible business relate to all aspects of business conduct and are relevant to the professional behavior of individuals and entire organizations. This includes key moral principles that include honesty, fairness, equality, dignity, diversity, integrity, trust and individual rights. Ethical practices are important in terms of both internal and external relations in a company. This includes maintaining responsible and transparent relationships with all the stakeholders i.e customers, suppliers, workers, governmental institutions, and the general public.
Ethical Conduct is an important company value, which drives responsible business conduct in an organization. This is reflected in the company’s Code of Conduct, Code of Ethics, Whistleblowing Policy and so on. A programme on ethical conduct can assist organizations in ensuring all employees are responsible at the workplace.
