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[Music] every culture endorses an ethical way to live following a code of ethics is actually an ethical approach values are our basic concepts of good and bad or right and wrong values come from our society and our culture principles are a basic application of our values we apply principles to specific situations in order to come up with a set of actions that we consider to be ethical managerial support and especially top management support is absolutely critical to a successful code of ethics personal responsibility also refers to accountability for ones own actions so we need to identify the consequences to an employee if they violate the code of ethics the compliance factor can identify applicable laws or industry regulations that must be adhered to as part of a code of ethics it always has to take the lead in being ethical or employees will not perform [Music]
