Commercial Role of Ethical Standards

Running head: COMMERCIAL ROLE OF ETHICAL STANDARDS
Commercial Role of Ethical Standards
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COMMERCIAL ROLE OF ETHICAL STANDARDS
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Abstract
The paper is aimed at evaluating the impact of the ethical practices on the account of the
company’s sustainable growth and employability. The analysis of this paper has been developed
by the means of employment survey report of 2018 in Australia. The study further incorporates
the ethical standards of a particular corporate organization as well as accounting industry in order
to compare the understandings of the ethical practices across different sectors in Australia.

COMMERCIAL ROLE OF ETHICAL STANDARDS
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Introduction
The role of the code of ethics is to provide relevant guidance to the employees during the
course of decision making. The policy apparently illuminates the company’s goal and principles
owing to enhance the organization’s standard in the market. The set of standards is developed
with the aim of making the employees aware of the organization’s code of ethics. The
management of the company must adopt the standards irrespective of the size and the employee
capacity of the organization. Nonetheless, the appropriate application of the ethical codes helps
in maintaining the good governance within the organization. The employability of the company
gets intensified as the people working for the organization feel informed about the company’s
view and future perspective. The goal of this employee survey is to evaluate the understandings
of the employees regarding their perceptions towards the ethical policy in the workplace across
Australia.
Discussion
According to a 2018 survey done on the employees of Australia, different subgroups of
the employee gained different experiences with respect to the workplace ethics. The
employees are categorized into four subgroups, such that, gender, age, sector and size of the
organization. As per the findings, the younger employees believed to practice the ethics
programs to enhance the company’s reputation. They were relatively aware compared to the
middle and old aged employees. The physical practice of ethics apparently enhanced the
employability of the younger office staffs as they were not likely to be associated with the
ethically questionable office culture (Brock 2016). Meanwhile, the rest of the middle and old
aged people felt less concerned about the particular ethical issue. This group of ageing people
considered that honesty was the best practice to maintain the work environment as per the