First, the code of ethics that a company carries is very important in many different ways. Ethical behavior within the company is substantially important because not only are they morally correct, but also improves their financial performance, customer loyalty, and overall satisfaction of its workers. Those that show a clear understanding and a broad commitment to their ethics policy statistically outperform other companies. By increasing the quality of the ethics code for your company will definitely enhance your corporate reputation. Customers are substantially more loyal to those companies that clearly demonstrate high commitment to causes and charities. Potential employees are more likely to want to work for a company that they know treats their employees well. Not only does it attract more potential employees but also keeps the employees loyal to the company decreasing the rate of people quitting and taking jobs elsewhere.
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