Codes of Ethics

1. Frameworks

·  UN Global Compact: A voluntary initiative with ten principles in areas like human rights, labor, environment, and anti-corruption. It helps businesses align strategies with universal ethical standards.
Learn more here.

·  OECD Guidelines for Multinational Enterprises: Provides recommendations for responsible business conduct, including human rights, transparency, and anti-bribery.
Explore the guidelines.

2. Standards for Ethics  

·  ISO 26000 (Social Responsibility): Focuses on integrating ethical behavior into business operations, emphasizing accountability, transparency, and stakeholder interests.
Details on ISO 26000.

·  Ethics & Compliance Initiative (ECI) Best Practices: Offers benchmarks for ethical culture, emphasizing leadership commitment and robust reporting mechanisms.
Visit ECI for more insights.

·  Code of Professional Conduct and Ethics for Public Service, Kingdom of Saudi Arabia
The Code of Professional Conduct and Ethics for Public Service in Saudi Arabia serves as a general framework that public employees must adhere to and follow. It highlights the standards, ethics, and values expected of public servants while performing their duties, ensuring integrity, professionalism, and accountability in the public sector. www.mof.gov.sa/Documents/MOF_Job_Code_Of_Conduct.pdf

Key Elements of Effective Codes of Ethics

·  Comprehensive Scope:
Address core ethical areas like conflict of interest, anti-bribery, and workplace conduct.

·  Clear Reporting Procedures:
Include mechanisms like whistleblowing hotlines to report unethical behavior.

·  Accessibility and Training:
Ensure all employees understand the code through ongoing education and accessible documentation.

·  Regular Updates:
Periodically review and adapt the code to align with evolving ethical standards and legal requirements.