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In this training on the code of conduct and ethics, the instructor guides employees through the essentials of ethical standards and their responsibilities in upholding them. The discussion highlights the importance of navigating ethical dilemmas, noting that situations may not always present clear right or wrong options. An example is presented where an individual reflected on a past ethical challenge and acknowledged choosing a suboptimal course of action. The instructor emphasizes that ethical choices can exist in gray areas, and the company's code of conduct serves as a crucial resource for addressing these dilemmas and understanding the organization's character.