Code of Ethics: It is a set of guidelines containing core ethical values, principles and ideals of the organization. It gives a general idea of what types of behavior and decisions are acceptable and encouraged at a business or organization.
Code of Conduct: specifies the standards of integrity and conduct to be observed by public officials, to help them meet those standards and to inform the public of the conduct it is entitled to expect of public officials.
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Code of Ethics |
Code of Conduct |
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It is general and broad in nature. |
It is specific and narrow in range. |
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It governs decision making. |
It governs actions. |
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It is focused on values and principles. |
It is focused on compliance and rules etc |
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It is publicly available and addressed to anyone with an interest in an institution''s activities. |
It is generally addressed to and intended for employees alone. |
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They are wide-ranging and non-specific, enable employees to make independent judgments about the most appropriate course of action. |
They generally require little judgment; One has to obey or incur a penalty, and the code provides a fairly clear set of expectations about which actions are required, acceptable or prohibited. |
Similarities
Hence, there is a significant overlap between the two codes.
Summing up