explain the purpose of the unified code of conduct for business prepared by the integrity initiative movement.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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explain the purpose of the unified code of conduct for business prepared by the integrity initiative movement. 


1. It harmonizes existing ethical standards among business operating in the Philippines. It ensures that
different
market players adhere to the same rule of the game in order to create fair market conditions and
promote transparency in doing business.
2. the Code formally communicates the signatories’ commitment to upholding high standards of ethics in all
business
transactions. It articulates the belief that securing profit at the expense of integrity is an
unacceptable and unsustainable way of conducting business and that measures have been taken to
enforce and cultivate integrity habits within the signatories’ respective organizations.

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