What are guidelines to behaving ethically in business? Why is it important to follow the guidelines within a work environment?

Guidelines of behaving ethically in business are traits that enable one to do what is ethical or morally right. They outline the behavior that is acceptable beyond the law. These guidelines include; integrity, honesty, respect, responsibility, and trustworthiness, among others. They are often incorporated into the company's core values.

Ethical guidelines are essential in the workplace since they enable the company to trust various stakeholders such as investors and the public. Secondly, they help promote integrity among employees, thus reducing chances of internal theft or corruption within the organization. Additionally, ethical companies are more have long-term gains such as the ability to attract and retain highly skilled talent. Research reveals that employees are more attracted to companies with good standing in terms of ethics.