A set of principles, often codified, that outline acceptable and unacceptable behaviors within a specific context. These principles serve as a benchmark for ethical and professional behavior. For instance, a corporation might establish a detailed guide outlining expectations for employee interactions, handling of confidential information, and adherence to legal regulations. These guidelines provide clarity and promote responsible actions.
Adherence to such principles fosters trust, integrity, and accountability. Institutions or organizations that cultivate a culture of ethical behavior often experience enhanced reputation, improved employee morale, and reduced legal risks. Historically, formalized ethical guidelines have evolved in response to societal changes and increasing complexity in business, governance, and professional fields, leading to a greater emphasis on transparency and ethical decision-making.