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Specificity is very important to reduce

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Overall there are thousands of major ideas that could be included in a code of ethics. For finance however, I narrowed the list down to four major ideas:

Integrity:

The quality of being honest and having strong moral principles; moral uprightness. When in business, do not lie, steal, or cheat. When you are wrong, own up to it and make good on the deal.

Do not hire or retain people who do not have integrity. Other employees, customers and vendors will not trust them (leading to an overall conflict in the workplace). That lack of trust is like a virus; eventually they will not trust you either. Make sure no one is selling the company's values short to make a quick buck. After all, making a bad deal to meet a quota or target is not only unethical, it's often unprofitable in the end.

Respect:

As an entrepreneur building a business, you need to respect yourself and surround yourself with people you can respect. Do not hire or do business with people you don't respect, or who don't respect you. These are the types of people who ultimately don't respect their colleagues, customers, vendors, or themselves. When existing relationships weaken, take action. Do your best to rebuild mutual respect, but if it can no longer be rebuilt, let the person go.

Customer focus:

A company is nothing if it does not have customers. More to the point, if a company does not produce what people want and will pay for, there is no point to that company. A focus on your customers reinforces the responsibility you have to the market. Your decisions affect your people, your investors, your partners and ultimately, your customers. This can also ultimately determine if you do business with a customer down the road. Serving all of these people is part of your ethical responsibility. Selling your customers short not only risks compromising your ethics, it also risks the long-term health of your company and relationship with that business.

Personal Responsibility:

Another component is a statement regarding each employee's personal responsibility to uphold the code of ethics within a business. This may contain information regarding both the legal and moral consequences if an employee violates the code. The requirement to report any violators is normally a component of the code of ethics. This is meant to show that it is not sufficient to merely adhere but to add values and principles to help ensure every employee supports the code of ethics.

Sources:

http://smallbusiness.chron.com/key-components-code-ethics-business-244.html

https://www.investopedia.com/terms/c/code-of-ethics.asp

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A value-based code of ethics deals with a company's core value system.

For all businesses, laws regulate issues such as hiring and safety standards.

Financial advisers registered with the Securities and Exchange Commission or a state regulator are bound by a code of ethics known as the fiduciary duty.

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What is a 'Code of Ethics'

A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held. A code of ethics, also referred to as an "ethical code," may encompass areas such as business ethics, a code of professional practice and an employee code of conduct.

Breaking Down 'Code of Ethics'

Both businesses and trade organizations typically have some sort of code of ethics that its employees or members are supposed to follow. Breaking the code of ethics can result in termination or dismissal from the organization. A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning.

Regardless of size, businesses count on their management staff to set a standard of ethical conduct for other employees to follow. When administrators adhere to the code of ethics, it sends a message that universal compliance is expected of every employee.

Compliance-Based Code of Ethics

For all businesses, laws regulate issues such as hiring and safety standards. Compliance-based codes of ethics usually not only set out guidelines for conduct, but also lay out penalties for violations.

In some industries, including banking, specific laws govern business conduct. These industries tend to formulate compliance-based codes of ethics to ensure that laws and regulations are being followed. Employees usually undergo formal training to learn the rules of conduct. Because noncompliance can create legal issues for the company as a whole, individual workers within a firm may face penalties for failing to follow guidelines.

To ensure that the aims and principles of the code of ethics are followed, some companies appoint a compliance officer. This individual is tasked with keeping up to date on changes in regulation codes and monitoring employee conduct to encourage conformity.

This type of code of ethics is based on clear-cut rules and well-defined consequences rather than individual monitoring of personal behavior. Therefore, despite strict adherence to the law, some compliance-based codes of conduct do not promote a climate of moral responsibility within the company.

Value-Based Code of Ethics

A value-based code of ethics deals with a company's core value system. It may discuss standards of responsible conduct as they relate to the larger public good and the environment. Value-based ethical codes may require a greater degree of self-regulation than compliance-based codes.

Some codes of conduct contain language that addresses both compliance and values. For example, a grocery store chain might create a code of conduct that discusses the company's commitment to strict adherence to health and safety regulations above financial gain. The chain might also include a statement about refusing to contract with suppliers that feed hormones to livestock or raise animals in inhumane living conditions.

Code of Ethics Among Professionals

Financial advisers registered with the Securities and Exchange Commission or a state regulator are bound by a code of ethics known as the fiduciary duty. This is a legal requirement and also a code of loyalty that requires them to act in the best interest of their clients.

Certified Public Accountants, who are not typically considered to be a fiduciary to their clients, still are expected to follow similar ethical standards, such as integrity, objectivity, truthfulness and being free of conflicts of interest, according the the American Institute of Certified Public Accountants (AICPA).

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A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held.

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The code of ethics is the outline of the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held.

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-don’t cheat on a test.
-don’t interrupt

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1. Avoid deceptive acts.

2. Conduct themselves honorably, responsibly, ethically, and lawfully so as to enhance the honor, reputation, and usefulness of the profession.

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NSPE Code of Ethics for Engineers

Download: NSPE Code of Ethics
Download: The NSPE Ethics Reference Guide for a list of all cases through 2019.

Preamble
Engineering is an important and learned profession. As members of this profession, engineers are expected to exhibit the highest standards of honesty and integrity. Engineering has a direct and vital impact on the quality of life for all people. Accordingly, the services provided by engineers require honesty, impartiality, fairness, and equity, and must be dedicated to the protection of the public health, safety, and welfare. Engineers must perform under a standard of professional behavior that requires adherence to the highest principles of ethical conduct.

I. Fundamental Canons
Engineers, in the fulfillment of their professional duties, shall:

1. Hold paramount the safety, health, and welfare of the public.

2. Perform services only in areas of their competence.

3. Issue public statements only in an objective and truthful manner.

4. Act for each employer or client as faithful agents or trustees.

5. Avoid deceptive acts.

6. Conduct themselves honorably, responsibly, ethically, and lawfully so as to enhance the honor, reputation, and usefulness of the profession.

II. Rules of Practice

1. Engineers shall hold paramount the safety, health, and welfare of the public.

1. If engineers' judgment is overruled under circumstances that endanger life or property, they shall notify their employer or client and such other authority as may be appropriate.

2. Engineers shall approve only those engineering documents that are in conformity with applicable standards.

3. Engineers shall not reveal facts, data, or information without the prior consent of the client or employer except as authorized or required by law or this Code.

4. Engineers shall not permit the use of their name or associate in business ventures with any person or firm that they believe is engaged in fraudulent or dishonest enterprise.

5. Engineers shall not aid or abet the unlawful practice of engineering by a person or firm.

6. Engineers having knowledge of any alleged violation of this Code shall report thereon to appropriate professional bodies and, when relevant, also to public authorities, and cooperate with the proper authorities in furnishing such information or assistance as may be required.

2. Engineers shall perform services only in the areas of their competence.

1. Engineers shall undertake assignments only when qualified by education or experience in the specific technical fields involved.

2. Engineers shall not affix their signatures to any plans or documents dealing with subject matter in which they lack competence, nor to any plan or document not prepared under their direction and control.

3. Engineers may accept assignments and assume responsibility for coordination of an entire project and sign and seal the engineering documents for the entire project, provided that each technical segment is signed and sealed only by the qualified engineers who prepared the segment.

3. Engineers shall issue public statements only in an objective and truthful manner.

1. Engineers shall be objective and truthful in professional reports, statements, or testimony. They shall include all relevant and pertinent information in such reports, statements, or testimony, which should bear the date indicating when it was current.

2. Engineers may express publicly technical opinions that are founded upon knowledge of the facts and competence in the subject matter.

3. Engineers shall issue no statements, criticisms, or arguments on technical matters that are inspired or paid for by interested parties, unless they have prefaced their comments by explicitly identifying the interested parties on whose behalf they are speaking, and by revealing the existence of any interest the engineers may have in the matters.

4. Engineers shall act for each employer or client as faithful agents or trustees.

1. Engineers shall disclose all known or potential conflicts of interest that could influence or appear to influence their judgment or the quality of their services.

2. Engineers shall not accept compensation, financial or otherwise, from more than one party for services on the same project, or for services pertaining to the same project, unless the circumstances are fully disclosed and agreed to by all interested parties.

3. Engineers shall not solicit or accept financial or other valuable consideration, directly or indirectly, from outside agents in connection with the work for which they are responsible.

4. Engineers in public service as members, advisors, or employees of a governmental or quasi-governmental body or department shall not participate in decisions with respect to services solicited or provided by them or their organizations in private or public engineering practice.

5. Engineers shall not solicit or accept a contract from a governmental body on which a principal or officer of their organization serves as a member.

5. Engineers shall avoid deceptive acts.

1. Engineers shall not falsify their qualifications or permit misrepresentation of their or their associates' qualifications. They shall not misrepresent or exaggerate their responsibility in or for the subject matter of prior assignments. Brochures or other presentations incident to the solicitation of employment shall not misrepresent pertinent facts concerning employers, employees, associates, joint venturers, or past accomplishments.

2. Engineers shall not offer, give, solicit, or receive, either directly or indirectly, any contribution to influence the award of a contract by public authority, or which may be reasonably construed by the public as having the effect or intent of influencing the awarding of a contract. They shall not offer any gift or other valuable consideration in order to secure work. They shall not pay a commission, percentage, or brokerage fee in order to secure work, except to a bona fide employee or bona fide established commercial or marketing agencies retained by them.

III. Professional Obligations

1. Engineers shall be guided in all their relations by the highest standards of honesty and integrity.

1. Engineers shall acknowledge their errors and shall not distort or alter the facts.

2. Engineers shall advise their clients or employers when they believe a project will not be successful.

3. Engineers shall not accept outside employment to the detriment of their regular work or interest. Before accepting any outside engineering employment, they will notify their employers.

4. Engineers shall not attempt to attract an engineer from another employer by false or misleading pretenses.

5. Engineers shall not promote their own interest at the expense of the dignity and integrity of the profession.

6. Engineers shall treat all persons with dignity, respect, fairness and without discrimination.

2. Engineers shall at all times strive to serve the public interest.

1. Engineers are encouraged to participate in civic affairs; career guidance for youths; and work for the advancement of the safety, health, and well-being of their community.

2. Engineers shall not complete, sign, or seal plans and/or specifications that are not in conformity with applicable engineering standards. If the client or employer insists on such unprofessional conduct, they shall notify the proper authorities and withdraw from further service on the project.

3. Engineers are encouraged to extend public knowledge and appreciation of engineering and its achievements.

4. Engineers are encouraged to adhere to the principles of sustainable development¹ in order to protect the environment for future generations.

5. Engineers shall continue their professional development throughout their careers and should keep current in their specialty fields by engaging in professional practice, participating in continuing education courses, reading in the technical literature, and attending professional meetings and seminars.

3. Engineers shall avoid all conduct or practice that deceives the public.

1. Engineers shall avoid the use of statements containing a material misrepresentation of fact or omitting a material fact.

2. Consistent with the foregoing, engineers may advertise for recruitment of personnel.

3. Consistent with the foregoing, engineers may prepare articles for the lay or technical press, but such articles shall not imply credit to the author for work performed by others.

4. Engineers shall not disclose, without consent, confidential information concerning the business affairs or technical processes of any present or former client or employer, or public body on which they serve.

1. Engineers shall not, without the consent of all interested parties, promote or arrange for new employment or practice in connection with a specific project for which the engineer has gained particular and specialized knowledge.

2. Engineers shall not, without the consent of all interested parties, participate in or represent an adversary interest in connection with a specific project or proceeding in which the engineer has gained particular specialized knowledge on behalf of a former client or employer.

5. Engineers shall not be influenced in their professional duties by conflicting interests.

1. Engineers shall not accept financial or other considerations, including free engineering designs, from material or equipment suppliers for specifying their product.

2. Engineers shall not accept commissions or allowances, directly or indirectly, from contractors or other parties dealing with clients or employers of the engineer in connection with work for which the engineer is responsible.

6. Engineers shall not attempt to obtain employment or advancement or professional engagements by untruthfully criticizing other engineers, or by other improper or questionable methods.

1. Engineers shall not request, propose, or accept a commission on a contingent basis under circumstances in which their judgment may be compromised.

2. Engineers in salaried positions shall accept part-time engineering work only to the extent consistent with policies of the employer and in accordance with ethical considerations.

3. Engineers shall not, without consent, use equipment, supplies, laboratory, or office facilities of an employer to carry on outside private practice.

7. Engineers shall not attempt to injure, maliciously or falsely, directly or indirectly, the professional reputation, prospects, practice, or employment of other engineers. Engineers who believe others are guilty of unethical or illegal practice shall present such information to the proper authority for action.

1. Engineers in private practice shall not review the work of another engineer for the same client, except with the knowledge of such engineer, or unless the connection of such engineer with the work has been terminated.

2. Engineers in governmental, industrial, or educational employ are entitled to review and evaluate the work of other engineers when so required by their employment duties.

3. Engineers in sales or industrial employ are entitled to make engineering comparisons of represented products with products of other suppliers.

8. Engineers shall accept personal responsibility for their professional activities, provided, however, that engineers may seek indemnification for services arising out of their practice for other than gross negligence, where the engineer's interests cannot otherwise be protected.

1. Engineers shall conform with state registration laws in the practice of engineering.

2. Engineers shall not use association with a nonengineer, a corporation, or partnership as a "cloak" for unethical acts.

9. Engineers shall give credit for engineering work to those to whom credit is due, and will recognize the proprietary interests of others.

1. Engineers shall, whenever possible, name the person or persons who may be individually responsible for designs, inventions, writings, or other accomplishments.

2. Engineers using designs supplied by a client recognize that the designs remain the property of the client and may not be duplicated by the engineer for others without express permission.

3. Engineers, before undertaking work for others in connection with which the engineer may make improvements, plans, designs, inventions, or other records that may justify copyrights or patents, should enter into a positive agreement regarding ownership.

4. Engineers' designs, data, records, and notes referring exclusively to an employer's work are the employer's property. The employer should indemnify the engineer for use of the information for any purpose other than the original purpose.

Footnote 1 "Sustainable development" is the challenge of meeting human needs for natural resources, industrial products, energy, food, transportation, shelter, and effective waste management while conserving and protecting environmental quality and the natural resource base essential for future development.

As Revised July 2019

By order of the United States District Court for the District of Columbia, former Section 11(c) of the NSPE Code of Ethics prohibiting competitive bidding, and all policy statements, opinions, rulings or other guidelines interpreting its scope, have been rescinded as unlawfully interfering with the legal right of engineers, protected under the antitrust laws, to provide price information to prospective clients; accordingly, nothing contained in the NSPE Code of Ethics, policy statements, opinions, rulings or other guidelines prohibits the submission of price quotations or competitive bids for engineering services at any time or in any amount.

Statement by NSPE Executive Committee

In order to correct misunderstandings which have been indicated in some instances since the issuance of the Supreme Court decision and the entry of the Final Judgment, it is noted that in its decision of April 25, 1978, the Supreme Court of the United States declared: "The Sherman Act does not require competitive bidding."
It is further noted that as made clear in the Supreme Court decision:

1. Engineers and firms may individually refuse to bid for engineering services.

2. Clients are not required to seek bids for engineering services.

3. Federal, state, and local laws governing procedures to procure engineering services are not affected, and remain in full force and effect.

4. State societies and local chapters are free to actively and aggressively seek legislation for professional selection and negotiation procedures by public agencies.

5. State registration board rules of professional conduct, including rules prohibiting competitive bidding for engineering services, are not affected and remain in full force and effect. State registration boards with authority to adopt rules of professional conduct may adopt rules governing procedures to obtain engineering services.

6. As noted by the Supreme Court, "nothing in the judgment prevents NSPE and its members from attempting to influence governmental action . . ."

NOTE: In regard to the question of application of the Code to corporations vis-à-vis real persons, business form or type should not negate nor influence conformance of individuals to the Code. The Code deals with professional services, which services must be performed by real persons. Real persons in turn establish and implement policies within business structures. The Code is clearly written to apply to the Engineer, and it is incumbent on members of NSPE to endeavor to live up to its provisions. This applies to all pertinent sections of the Code.
Copyright © National Society of Professional Engineers. All rights reserved.

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Download: NSPE Code of Ethics Download: The NSPE Ethics Reference Guide for a list of all cases through 2019. Preamble Engineering is an important and learned profession. As members of this profession, engineers are expected to exhibit the highest standards of honesty and integrity.

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The library of code of ethics was created by ALA (American Library Association)

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A code of Ethics should include values, principals, management support, personal responsibility, and compliance within the business structure. The value element should include honesty, fairness, and respect. Principals should further suppport business values and include profitability and customer satisfaction. Managers should follow the code of Ethics and enforce them within the business. In your personal life you should follow the code of Ethics and enforce other people to follow them as well. Compliance should also be part of the business especially when financing so that the company is not hurt. http://smallbusiness.chron.com/key-components-code-ethics-business-244.html

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A primary objective of the code of ethics is to define what the company is about and make it clear that the company is based on honesty and fairness.

http://smallbusiness.chron.com/key-components-code-ethics-business-244.html

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Values
Principals
Management Support
Personal Responsibility
Compliance

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Business values are typically expressed in terms of how the company performs its day-to-day interactions with suppliers, employees and customers. A primary objective of the code of ethics is to define what the company is about, which the company could make it clear that it’s based on honesty & fairness. The company could also have respect in all of its interactions, regardless of the circumstances.

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Values, principles, management support, personal responsibility, and compliance should be included in a code of ethics. Each element relates to the way one should communicate.

http://smallbusiness.chron.com/key-components-code-ethics-business-244.html

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-not cheating on a test
-don’t interrupt
-don’t use violence

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Respect- you need to respect yourself and surround yourself with people you can respect
Honor- Good people are a fundamental part of good ethics
Integrity- Do not lie, steal, or cheat
Customer focus- More to the point, if a company does not produce what people want and will pay for, there is no point to that company
Results oriented- Results should be attained in the context of developing something that customers want, and producing and delivering it at a price that is fair to all the parties involved.
Risk taking- Organizations that thrive, prosper and grow do so by taking risks. They do not stick to the safe path. Great companies innovate, they think "out of the box"
Passion- Great organizations are comprised of people who have a passion for what they are doing.
Persistence- keep working even when results are not what they hoped, or when customers refuse to buy

https://www.entrepreneurship.org/articles/2002/12/eight-elements-of-an-ethical-organizationThe

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Act with integrity, competence, and respect.

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Code of Ethics and Standards of Professional Conduct

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The Code of Ethics and Standards of Professional Conduct (Code and Standards) are the ethical benchmark for investment professionals around the globe. As a CFA Institute member or CFA Program candidate, you are required to follow the Code and Standards.

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How professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held.
https://www.investopedia.com/terms/c/code-of-ethics.asp

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Be honest with your customers, report any and all issues, respect co workers, don’t break the law.

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Some key elements are:
Values - primary objective is to make it clear company is based on honesty and fairness
Principles - used to further support the business by including lists employees should follow
Management Support - some businesses can display the code of ethics with the manager signature on it
Personal Responsibility- statement that lists the consequences if an employee should violate the code
Compliance - any laws or regulations may be referenced as rules to adhere to as part of daily business interactions

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Personal
Social
Religious
Professional
Business

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Code of Ethics

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A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held. https://www.investopedia.com/terms/c/code-of-ethics.asphttps://www.investopedia.com/terms/c/code-of-ethics.asp

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Act with integrity, competence, and respect.

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A primary objective of the code of ethics is to define what the company is about and make it clear that the company is based on honesty and fairness.

http://smallbusiness.chron.com/key-components-code-ethics-business-244.htmlhttp://smallbusiness.chron.com/key-components-code-ethics-business-244.html