The paper aims to develop ethics and compliance framework based on factors associated with ethical compliance for XYZ retail firm operating in Canada. The paper provides ethical guidelines for XYZ retail firm and discusses the significance of developing an ethics compliance program. The paper also discusses the principal fundamentals of the code, biblical foundations of ethics in business, equitable treatment of all employees in XYZ retail company, and fringe benefits for employees. The paper concludes that newly formed organizations like XYZ retailers with an aim to thrive in the industry must be proactive in developing as well as adhering to the Ethical Compliance Program.