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What is Ethical Standards?

Ethical standards are principles and guidelines that govern behavior and decision-making in organizations. They promote integrity, fairness, and respect for all stakeholders. Ethical standards cover areas such as anti-corruption, human rights, and environmental responsibility. Adhering to these standards enhances corporate reputation and stakeholder trust. Companies develop codes of ethics to guide employee conduct and ensure compliance. Ethical standards are essential for responsible business practices and sustainability.

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