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Q. Distinguish between “Code of ethics” and “Code of conduct” with suitable examples. (150 words, 10 Marks)

Answer:

Approach:

Introduction

  • Contextual introduction explaining the question.

Body

  • Mention the difference between code of ethics and code of conduct.
  • Add examples for substantiation.

Conclusion

  • Conclude accordingly with the significance.

Introduction:

In professional settings, organizations often establish guidelines to govern the behavior and actions of their members.

Two commonly used terms in this context are “code of ethics” and “code of conduct” While these terms may appear similar, they differ in their scope and focus

Body:


Items

Code of Ethics
Code of Conduct
Purpose Sets out fundamental principles and values Provides specific rules and guidelines
Focus Moral values, integrity, and overall ethical responsibilities Specific behaviors and compliance requirements
Scope Broader framework for ethical decision-making Clear expectations and standards for behavior
Applicability Professionals within an organization or a profession Employees within an organization or specific context
Example Bar Council of India’s Code of Ethics for lawyers Tata Group’s Code of Conduct for employees

Examples:

Code of Ethics:

  • Bar Council of India’s Code of Ethics for lawyers
  • Institute of Chartered Accountants of India’s Code of Ethics
  • Medical Council of India’s Code of Ethics Regulations
  • Society of Professional Journalists’ Code of Ethics

Code of Conduct:

  • Tata Group’s Code of Conduct for employees
  • Reserve Bank of India’s Code of Conduct for bank employees
  • Infosys’ Code of Conduct for employees
  • Securities and Exchange Board of India (SEBI) Code of Conduct for market intermediaries

Conclusion:

Both codes are crucial in maintaining public trust and ensuring compliance with laws and regulations. By upholding these codes, individuals and organizations can demonstrate their commitment to ethical behavior and maintain the integrity of their profession or industry.

Value Addition:-

Code of Ethics: A Code of Ethics is a set of principles or guidelines that establish standards of behavior and conduct for individuals within a profession, organization, or group, guiding them in making ethical decisions and promoting integrity and responsible behavior.

Code of Conduct: A Code of Conduct is a set of rules and guidelines that specify the expected behavior and actions of individuals within an organization or group, outlining the standards for professional conduct, interactions, and adherence to legal and ethical obligations.

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Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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