Why is codes of practice important?

Answer 1

they are important in order to specify expected codes of

behaviour of all employees

as well as serving the following purpose

.Damage limitation - to reduce damages awarded by courts in the event of the

company being sued for negligence by one its employees.

• Guidance - the 'reference point' role, to refer to as 'the reminding role'. An aide-memoir for employees when faced with an ethically complex situation.

• Regulation - this is the prescribing and proscribing roles that will stipulate spe-

cific qualities that are essential, e.g. independence, objectivity, etc., or acts

that are prohibited.