Professional associations develop Codes of Conduct for similar reasons and to suggest standards for ethical behavior across an industry and in the professional behavior of its members.
Several examples of a Code of Conduct were so powerful in guiding the behavior, standards, and ethics of an organization that they became famous in and of themselves.
For example, Apple's (and the Electronics Industry's) Supplier Code of Conduct states that "Apple is committed to ensuring that working conditions in Apple's supply chain are safe, that workers are treated with respect and dignity, and that manufacturing processes are environmentally responsible." Another frequent component of the Code of Conduct for suppliers is that they are discouraged from offering gifts to employees who, by their Code of Conduct, are unable to accept them lest there be any questionable use of their services.
A Code of Conduct is written by an executive team; developed by a cross-section of employees from various functions; or designed by organization development, corporate communications, marketing, supplier relationships, and/or Human Resources staff, depending on the organization and its internal mode of operation and management style.
Professional values are basically the same as described above but in the context of a corporation, organization, or group and what they would like their desired end-state to be.
The professional value system of group entities is revealed in their business practices; from their interaction with other companies to how well taken care of the employees are.A value is, according to Ozmete(2007),“an enduring belief that a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence” (p. Furthermore, a value system is all these beliefs placed and utilized in order of precedence, serving as a guide for everything from decision making to conflict resolution.What one values provides answers to questions like, if one was stranded on a deserted island, what three things would he or she want to have?Values and ethics are the cornerstone for both personal and professional success.The way an individual or group interacts with others exposes their genuine character because actions speak louder than words.While Code of Conduct is a popular title for this written document and its series of expectations, other companies call it their Code of Business Ethics, Code of Ethical Business Conduct and Code of Ethics and Standards. No matter what an organization calls it, the Code of Conduct serves as a framework for ethical decision making within an organization.The Code of Conduct is a communication tool that informs internal and external stakeholders about what is valued by a particular organization, its employees, and management.A Code of Conduct is published and disseminated to its employees, and to existing and potential stakeholders such as members of the board of directors, customers, partners, vendors, suppliers, potential employees, and the general public.It is the image that the company wants to convey to these stakeholders about who the company is and what these stakeholders can expect in terms of value-driven treatment.A Code of Conduct can also be a document that details an organization's expectations and requirements of their vendors, suppliers, and partners.Also commonly called a supplier code of ethics, the Code of Conduct lays the groundwork for the organization's relationship with its partners.