Skills for Employment Investment Program (SEIP) Compliance & HRM

Welcome Everybody
es:
13 February ’ 2023
MD. DIDARUL ALAM
General Manager – H R. Compliance & Admin
Valiant - Apparel Division of Habib Group
Mobile:+88 01817 701191
E-mail: didarul.alam@valiantbd.com
md.Didarulalam66@gmail.com

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What is CoC – Code of Conduct?

A Code of Conduct (CoC) is a set of standards which govern
corporate and business practices according to ethical and
legal standards. By implementing a CoC, a company
demonstrates its commitment to operate its business at the
highest standards of ethics, exceeding legal minimums.

A code of conduct for business is a set of regulations and

rules that gives employees a definitive guide as to how
they're expected to behave within the workplace. Composing
and implementing one can provide significant benefits for a
company and ensure that all employees understand what is
acceptable and what isn't.

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What is the purpose of a code of conduct for company employees?

A code of conduct is a company manual that states the rules,

values, goals, ethics, and vision of a business. It provides staff
with a clear outline of expected behaviour, and instructions
on what is and isn't considered good practices by the
company.

The purpose of this Code of Conduct (the Code) is to provide

you with a clear understanding of the standard of conduct
expected when performing your duties as an employee of a
Government entity. The Code places an obligation on all
employees to take responsibility for their own conduct.

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why is it important?

A code of conduct is a company manual that

states the rules, values, goals, ethics, and
vision of a business. It provides staff with a
clear outline of expected behavior, and
instructions on what is and isn't considered
good practices by the company.

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Is there a difference between a code of ethics and a code of
conduct?
Many people use the terms code of ethics and code of
conduct interchangeably. They are broadly similar, but there are also some
differences. You base both on the principles, values and mission of the
organization, but here is where they divert:

Type of code Specific role

Relates to the physical actions of stakeholders and their behaviours whilst at work and
Code of conduct representing the company. The code of conduct guides employees toward following the letter of
the law.

Relates to the mindset of employees and how that affects their decision-making to ensure the
Code of ethics
company pursues ethical routes. Ethical conduct helps an organization follow the spirit of the law.

By combining the two into a code of ethics and conduct, you ensure that
you affect both actions and intentions in a positive manner to create a
robust compliance culture.

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What are the best codes of conduct?

A great code of conduct is:
Written for the reader (your employees). It
is easy to understand and doesn't include any
technical or legal jargon.
Comprehensive. ...
Supported by leadership. ...
Accessible. ...
Visually appealing.

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What are the benefits of code of conduct?

The benefits of having a code of ethics and conduct

Builds a good reputation.

Increases the attractiveness of your business.
Attracts outstanding employees.
Proves your social conscience.
Helps disclose and manage conflicts of interest.
Creates standard best practices for internal behavior.

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Builds a good reputation

Ethical principles in business are more important than
ever. Customers, suppliers, shareholders and other
stakeholders want organizations to go about their
work in the correct manner.
The risks of being associated with illegal or unethical
conduct are so great that showing that you are
actively seeking to create an ethical business
environment helps you gain a good reputation within
the sector and enhance public trust in your
organization.

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Increases the attractiveness of your business

This good reputation makes ethically minded customers more likely

to spend with you. As Anna-Mieke Anderson, CEO of The Greener
Diamond Foundation, says in an article for Forbes:

“Today’s shoppers are looking for ethical, eco-friendly brands that

put people and the planet ahead of profits.”

In addition, shareholders are more likely to want to invest in a

business with a concrete policy of fairness and sustainability
embedded in a code of ethics and conduct. Where a business does
not have this code, it shows that there is less emphasis on doing
the right thing, opening that organization up to the risk of internal
wrongdoing and the reputational damage that can follow.

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Attracts outstanding employees

Millennials make up a major proportion of the
workforce and are a generation driven by a desire for
ethics and fairness in all areas of life.
In employment, they want to know that their employer
is committed to fairness and to creating a better
working environment.
Your code of ethics is one way to demonstrate that
your company values this method of working, and, as a
result, that makes it more attractive to candidates. An
organisation with a strong ethical stance will have the
pick of the outstanding talent on the market by
offering a better quality of life than those who do not
promote these principles.
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Proves your social conscience

Environmental, social and governance (ESG) are the key

terms relating to sustainable investing in today’s
market. The S of ESG, or social matters, relates to how
a company looks after its people and treats its
community. It is all about employee well-being and social
justice.

Your code of conduct and the way that you promote it

internally and externally acts as proof of your
intentions to create a fair and equitable workplace.

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Helps disclose and manage conflicts of interest

The Market Abuse Regulation (MAR) requires people who make

recommendations on investments to declare any conflicts of
interest in the course of their work.

By including this in your code of conduct, you ensure that

employees understand the severity of failing to comply with the
regulation and its consequences for them as individuals and for the
business.

Encourage open reporting of conflicts of interest by adding it to

your code. This creates a speak-up culture that prizes such
declarations. Employees are likely to be more honest, and you can
deal with the issues raised before they cause problems.

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Creates standard best practices for internal behavior

By having a centralised code of conduct, there is no

room for ambiguity in how internal stakeholders
perceive their obligations. You can standardise those
processes and principles that are important to how
your business operates internally.

These professional standards include the onboarding

process, grievance procedure, whistleblowing
investigations, chain of command, job duties and
other aspects of your internal processes.

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Creates standard best practices for external behavior

Similarly, your code can set boundaries for external behavior,

such as confidentiality requirements, intellectual property
protection, customer communication protocols and more.
This ensures that employees consistently act with integrity.
Not only do they maintain a compliant and equitable
environment within the office, but they also adhere to this
approach at all times.

Your code should cover the behavior of employees outside of

the organization to prevent the leaking of private information
or use of protected company material and to reduce the risk of
any activities that could damage the relationship between the
business and its clients.

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Improves compliance
There are many regulations and directives to
which you must adhere as an organization.
Your code of ethics and conduct is the place to
outline the important areas of compliance on
which they must act.

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Thanks To All

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Questions ?

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