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In this training on the code of conduct and ethics for employees, the speaker introduces the essential aspects of ethical behavior and the importance of adhering to company policies. They encourage participants to reflect on past ethical dilemmas and acknowledge that such situations often present choices that are not clearly right or wrong. The speaker emphasizes that a code of conduct serves as a valuable resource for navigating these gray areas and understanding the organization's values. The session highlights the role and responsibilities of employees in upholding ethical standards within the workplace.