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Many companies have a code of conduct that governs their public relations and operational policies. Enterprises refer to these codes as business ethics, and they're an important part of several current corporate environments. If you work in a business setting, it might be helpful to learn more about what business ethics are and why they matter. In this article, we define business ethics, explain why they matter, list some elements of business ethics and provide examples.
STAFF
Business ethics ensure that companies operate according to
all applicable laws. This maintains the company's respect among its peers and
customers and protects it from legal liability. A company's ethics also help it
attract quality team members. Businesses that care for their teams according to
the highest ethical standards are often attractive to job seekers. Ethical
treatment can also increase employee retention and reduce hiring and training
costs.
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