A code of conduct is a set of rules outlining the norms, rules, and responsibilities or proper practices of an individual party or an organization.
A company code of conduct is a set of rules that are normally written for employees of a company, which protects the business and informs the employees of the enterprise's expectations. It is suitable for even the smallest of companies to create a report containing essential records on expectations for personnel. The record does now not need to be complex or have difficult regulations.
Failure of an employee to observe an enterprise's code of behavior will have terrible results. In Morgan Stanley v. Skowron, applying big apple's faithless servant doctrine, the courtroom held that a hedge fund worker carrying out insider trading in violation of his employer's code of behavior, which also required him to file his misconduct, and need to repay his company the overall $31 million his business enterprise paid him as repayment throughout his length of faithlessness.
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