Code Of Ethics For Business – A code of ethics is a set of principles and rules that individuals and organizations use to govern their decision-making process and distinguish right from wrong. They provide a general idea of the ethical standards of a business or organization. However, people can also have their own personal code of ethics. Read on for a code of ethics as well as a more detailed explanation of some ethics.
Few professions have a code of ethics that exists independently of any particular job. For example, a doctor or a lawyer is always bound by the code of ethics for their profession, regardless of whether they work for a large organization or are in private practice. These codes are the basic expectations of these jobs and guide them in decision making.
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Lawyers, paralegals and other employees of the legal profession are bound by a common code of ethics. Some of these governing ethics include:
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The American Medical Association imposes a code of ethics on physicians. It addresses everything from interpersonal relationships with other staff members to information about patient care. For example:
Corporations and codes of conduct exist to help workers determine whether certain behaviors are appropriate and acceptable when dealing with customers and outside entities. Many organizations require employees to attend annual training on ethics and, in some cases, sign statements promising to comply with all ethical guidelines set forth by the company.
Teachers and other education professionals are role models for their students. Not only does their code of conduct protect their students from unfair treatment, it also protects their sense of fairness. Some ethical systems in education include:
Individual codes of conduct may originate from religion, secular philosophy, or rules of social behavior derived from upbringing and experience. They are usually consistent with the rest of one’s society, but one can also have strict or lax personal ethics.
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Society at large assumes that certain ethics, morals and values can be expected regardless of religion, geographical location or nationality. The classic example is the Golden Rule: “Do unto others as you would have them do unto you.” Other socio-ethical behaviors include:
Certain codes of conduct, such as religious codes of conduct, apply only to members of select groups. They are based on principles and morals shared by members of that religion. Codes of religious ethics include the Ten Commandments of Judaism, the Beatitudes of Christianity, the Five Pillars of Islam, and the Noble Eightfold Path of Buddhism.
However, personal ethics do not require religion. Both Immanuel Kant’s categorical imperative and the utilitarian rule of the greatest good are moral codes that require no religious basis. Some of these ethics may include:
A code of ethics is only effective if it corresponds to a set of behaviors that uphold that code of ethics. The terms code of ethics and code of conduct are often used interchangeably; However, there are some major differences between them.
Code Of Ethics
A code of conduct may not always correspond to a code of ethics, and a code of ethics must have a corresponding code of conduct. For example, if an organization incorporates honesty in its code of ethics, its code of conduct might include something like “Employees will approach their supervisor with any problems before discussing them with external members of the team.” A business that values safety in its code of conduct has very specific safety rules in its code of conduct.
Codes of ethics exist at all levels of society as well as in business and personal behavior. Most are codified in writing and enforced by punishment, while others are more malleable and depend on the individual’s perception of right and wrong. For further study of ethics and their place in the world, take a look at these rights-based ethics. We no longer support Internet Explorer. Consider switching to Chrome, Edge, Firefox or a similar browser for a faster and smoother experience.
The same high standards are expected of the company’s suppliers, business partners, agents and any other stakeholders the organization operates with.
These standards are clearly set out in our ‘Supplier Code of Ethics and Business Conduct’. Operational processes within the BW Offshore Management System support ethical and business conduct compliance documents.
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The BW OffshoreCode of Ethics and Business Conduct reflects our commitment to our shareholders, customers and employees to conduct our business with the utmost integrity.
The BW Offshore Ethics and Business Conduct Compliance Program covers a wide range of disciplines and consists of compliance management activities administered by BW Offshore’s Head of Corporate Integrity who reports to the General Counsel.
The program, activities and progress of the Ethics and Business Conduct Compliance Program are reported and discussed on a quarterly basis by the BW Offshore Board of Directors.
BW Offshore has mandatory e-learning modules for all employees which must be completed regularly to ensure the entire workforce knows and understands the company’s expectations and commitment to compliance. As dictated by the ethics and business conduct risk assessment, the company provides job role or geography-specific compliance training.
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The Code, Guidelines and other key compliance program documents and activities (including e-learning) are available in BW Offshore’s common languages: English, French, Portuguese, Spanish and Bahasa Indonesian.
BW Offshore opposes any form of pollution and is a member of the Maritime Anti-Corruption Network MACN, which works together with other companies belonging to the BW Group towards the vision of a pollution-free maritime industry. Trading for the good of society at large.
Corruption can often be hidden under public masks such as gifts and entertainment, donations, patronage or political contributions. Exchanging corporate gifts and entertainment in a business context helps build goodwill and is a legitimate and valuable part of how the company conducts its business. Excessive or perceived opportunities to influence decision-making or judgment are unacceptable, and BW Offshore has created corporate reporting and approval mechanisms to review and monitor the giving or receiving of gifts or hospitality.
The Company does not make political contributions and does not authorize any person or agent to do so on its behalf. BW Offshore, however, respects the right of its people to voluntarily participate with their own time and resources in political and democratic processes.
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BW Offshore is open to providing responsible and ethical community support: sponsorship, charitable contributions and donations, whether in kind, services, knowledge or direct financial contributions, aimed at improving the lives and welfare of the local communities in which it operates. The company takes care to ensure that charities and sponsorships are not used as a cover for bribery and do not constitute them. Appropriate compliance and institutional authorization review and approval mechanisms are in place for this.
BW Offshore supports the United Nations Universal Declaration of Human Rights and standards advised by the International Labor Organization. Slavery, forced labour, child labour, torture and other human rights violations are absolutely unacceptable. As part of our commitment to anti-slavery and upholding human rights, BW Offshore conducts risk assessments, due diligence and monitoring of both its own activities and operations and those of its business partners.
In accordance with section 54 of the Modern Slavery Act 2015, an annual statement is published detailing our commitment. Here’s what BW Offshore is saying.
BW Offshore encourages open discussions about responsible behavior and is obliged to seek advice if any relevant party discovers any unethical or illegal activity or faces an ethical dilemma.
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It is the responsibility of every BW Offshore representative to conduct their activities with good, ethical judgment in accordance with BW Offshore’s objectives and principles and in accordance with the requirements of our Code and Guidelines. , dilemmas, concerns or suspected instances of non-compliance with the Head of Corporate Integrity.
BW Offshore has established an externally accessible grievance mechanism (BW Offshore Speak Up Channel) allowing for the reporting of concerns about violations of laws, regulations or BW Offshore’s policies and procedures. The Speak Up channel enables reporting over the web or by phone with local access numbers provided for most countries around the world. Users can speak to operators in 58 languages, including the official languages of all countries where BW Offshore operates. Reports can be made anonymously. Alternatively, contact BW Offshore Compliance@
BW Offshore will not tolerate retaliation against any person for raising any ‘good faith’ concern, question, grievance or complaint. All reports will be treated as confidential and, if necessary, investigated promptly, thoroughly and fairly. Violation of BW Offshore’s Code or applicable statutory provisions may result in disciplinary action or termination without notice or termination, and may also be reported to the appropriate authorities. BW Offshore is committed to making the necessary corrections and taking remedial measures to prevent reoccurrence of abuse if it occurs.
Anyone wishing to inquire about BW Offshore’s human rights and good service quality practices under the Norwegian Transparency Act can do so by submitting a question through BW.
