What encompasses a guide of principles for ethical conduct in business?

A code of ethics specifically outlines a set of principles that guide behavior and decision-making within a business context. It serves as a framework for ethical conduct, helping employees and management understand what is expected of them in terms of integrity and accountability. This document often includes core values, ethical principles, and the organization's commitment to fair practices, fostering trust and transparency both internally among employees and externally with clients and the public.

While a code of conduct can also address ethical behavior, it tends to focus more on specific rules and policies, while a code of ethics sets forth broader moral principles. Business guidelines and ethical standards, although related, do not specifically encapsulate the overarching ethical principles that a code of ethics does.