7. Explain how to Develop and implement organisational codes of conduct

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8. Identify ethical issues in business

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9. Identify tips for managing ethics in the workplace

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1 answer

7. **Developing and Implementing Organisational Codes of Conduct**

**a. Conduct a Needs Analysis:**
Identify the specific ethical issues and challenges that are relevant to your organization. This can be done through surveys, focus groups, and reviewing past incidents. The goal is to understand what areas need to be covered in the code of conduct.

**b. Draft the Code of Conduct:**
Based on the findings from the needs analysis, draft a code of conduct that reflects the organization's values, ethics, and legal standards. Make sure the language is clear, concise, and accessible to all employees. Include sections on expected behaviors, compliance requirements, and the consequences of violations.

**c. Seek Input and Feedback:**
Share the draft with key stakeholders including leaders, managers, and employees to gather feedback. This phase ensures that the code is comprehensive and practical. Adjust the draft as necessary based on the feedback received.

**d. Finalize and Communicate:**
Finalize the code of conduct and develop a plan for dissemination. This includes training sessions, workshops, and frequent reminders through internal communications. It's vital that all employees understand the code and know where to find it.

**e. Monitor and Enforce:**
Establish mechanisms to monitor compliance and enforce the code of conduct. This could involve setting up a hotline for anonymous reporting of ethical issues, regularly reviewing the code, and taking disciplinary actions when necessary. Make sure to conduct periodic reviews to keep the code up-to-date with evolving legal standards and business practices.

8. **Identifying Ethical Issues in Business**

**a. Conflict of Interest:**
Situations where personal interests could conflict with professional duties. For example, an employee may be in a position to influence company decisions that could benefit their family or friends.

**b. Insider Trading:**
Using non-public information to make financial decisions that benefit an individual before the information is publicly available, which is illegal and unethical.

**c. Discrimination and Harassment:**
Unfair treatment of employees based on race, gender, age, religion, or sexual orientation, or creating a hostile work environment where harassment occurs.

**d. Fraud and Corruption:**
Deliberate deception to secure unfair or unlawful gain, including bribery or misrepresentation of financial status.

**e. Environmental Impact:**
Failing to adhere to environmental regulations or causing unnecessary harm to the environment through irresponsible corporate practices.

9. **Tips for Managing Ethics in the Workplace**

**a. Lead by Example:**
Managers and leaders should model ethical behavior. Employees are more likely to act ethically if they see their leaders doing so.

**b. Develop and Communicate Clear Policies:**
Create clear, accessible policies that delineate expected behaviors and ethical standards. Regularly communicate these policies through trainings and updates.

**c. Provide Ethics Training:**
Conduct regular training sessions to educate employees about the importance of ethics and how to handle ethical dilemmas. This can involve scenario-based learning for better understanding.

**d. Encourage Open Communication:**
Foster an environment where employees feel comfortable discussing ethical concerns without fear of retaliation. This can be achieved by setting up anonymous reporting systems.

**e. Monitor and Review:**
Continuously monitor the effectiveness of ethical policies and make adjustments as needed. Regular audits and feedback sessions can help identify areas for improvement and ensure compliance.

These steps help cultivate a culture of ethics within an organization, contributing to a positive working environment and sustainable business practices.