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Business ethics and corporate social responsibility in action Business ethics and corporate social responsibility have never been more important for attracting and retaining top-tier employees and a loyal customer following. Although these two terms are often confused as having similar meanings, they actually vary quite a bit. Here, we’ll explain the difference and why both are essential for any successful company today.

Whistleblowers actually have a lot of power. They just aren't aware of it. In a recent survey by the Ethics & Compliance Initiative, nearly a third of participants who were surveyed, who did witness misconduct, chose not to report it.

Employee silence could cost a company big bucks! Enabling employees to voice their concerns and/or ideas is crucial for high performance and innovation. Unfortunately, and unknowingly, in many companies, management continues to silence and disengage their employees.

Does your company need a Code of Ethics? Yes, it does! The purpose of a code of ethics is to establish a set of standards, guide decision-making, enhance reputation, encourage accountability, foster a positive work environment, provide a basis for enforcement, and promote continuous improvement in ethical behavior. Code of Ethics vs. Code of Conduct: What's the Difference? It's your rule book if you will. Groups such as national medical associations adopt Codes of Ethics that govern members in individual practices across many places of employment. In contrast, individual businesses may adopt more specific codes of ethics to ensure integrity within the company. Table of Content Hot to Create a Code of Ethics for a Business? Why is a Code of Ethics Important in Business?