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Chapter 4 is about the best practices in Business Ethics or Codes of Ethics and Codes of Conduct. Remember in Chapter 3, we talked about hiring ethical people. There are times ethical people can disagree about was the best thing to do it and how to apply ethics in a particular situation. Thats normal. You see that all the time in politics, people disagree about what the right policy is and those kind of disagreements are layered with ethical issues. So we just hired most qualified person and the most ethical person for this job. What do we do now? Well, the next step is introduce them to your Code of Ethics and your Code of Conduct. Many organizations now have Codes of Ethics and Codes of Conduct, also because of legal obligations and regulatory obligations, and Codes of Ethics and Codes of Conduct are very important and essential to have. So thats the reason why they are now been legally mandated. A Code of Ethics is different from a Code of Conduct. A Code of Ethics is a short stat