A code of ethics highlights an organization's key ethical issues and identifies the overarching values annd principles that are important to the organization and its decision making. The code frequently includes a set of formal, written statements about the purpose of the organization, its values, and the principles that guide its employees' actions. An organization's code of ethics applies to its directors, officer, and employees. The code of ethics should focus emplyees on areas of ethical risk relating to their role in the organization provide guidance to help them recognize and deal with ethical issues, and provide mechanisms for reporting unethical conduct and fostering a culture of honesty and accountability in an organization. The code of ethics helps ensure that employees abide by the law, follow necessary regulations, and behave in an ethical manner.