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code of conduct a code of conduct is a set of rules outlining the norms responsibilities of or proper practices for an individual party or organization a professional code of conduct usually relates the concept that include ethics honor moral codes stakeholder management integrity corruption and confidentiality these are the benefits of having a code of conduct good company culture employees know what is expected of them in terms of behavior having a set of values having a sense of what the company values are and what the company stands for creating an agreed way of behaving and operating for the entire company improved company performance when linked to the companys business and strategic objectives having a framework to look up when faced with tough decisions you can develop a code of conduct five establish a team of drafters and identify the person who will oversee compliance from a multidisciplinary team that includes senior management and representatives from relevant department