Explanation: The codes of ethics, in addition to satisfying regulatory and legal requirements, provide management with a mechanism to proactively guide employees in resolving ethical dilemmas that they may face in the workplace in accordance with the company's values and responsibility. Social. The code of conduct is a formulation of the values that govern a company and serves as the basis for its policies and objectives. This code describes the rules that reflect the commitment to act in a legal and responsible manner for all employees of the company.