Developing a Code of Ethics Standard The ethical standard represents a part of philosophy that deals with moral conduct and the value system that evaluate what are good or bad actions. Similarly, ethical standards are guidelines for conduct accepted and valued by society or a specific group, including in areas such as business, health, spiritual, educational, and personal ethics. Most “codes of ethics” are established as a principle established by an organization or individual affirming the standard and outlook that governs their behavior. The “code of ethics” provides a structure for thinking about ethical responsibility on a personal or professional level. The major difference between personal “code of ethics” and professional “code of ethics” is that personal “codes of ethics” are based on individual values ​​whereas professional “codes of ethics” are based on a collective standard that is mandated by an organization for the actor concerned. Many organizations develop their own "code of ethics," but certain events have led Congress to enact certain laws dealing with ethical issues. An example of this type of law was the Federal Sentencing Guidelines for Organizations (FSGO), passed by Congress in the early 1990s. The Federal Sentencing Guidelines for Organizations (FSGO) Organizations (FSGO),” promulgated in November 1991, establishes the characteristics of organizational ethics compliance programs. The procedures were based on the “Six Principles of the IID,” creating a new method for dealing with malpractice by codifying into law incentives that encourage organizations to engage in malpractice prevention (Ferrell et al., 2013). Organizations achieve this by developing enforceable legal and internal rules...... middle of document ......Ethics, 113(2), 317-331. Doi: http://dx.doi.org/10.1007/s10551-012-1306-6Ncube, LB and Wasburn, MH (2006) Strategic Collaboration for Ethical Leadership: A Mentoring Framework for Business and Organizational Decision Making. Journal of Leadership and Organization Studies, 13(1), 77-92. Retrieved from http://search.proquest.com/docview/203143075?accountid=32521 Orin, R. M. (2008). Ethical guidance and constraints under the Sarbanes-Oxley Act of 2002. Journal of Accounting, Auditing & Finance, 23(1), 141-171. Rutherford, MA, Parks, L., Cavazos, DE and White, CD (2012 ) . Business ethics as a required course: Investigating the factors impacting the decision to require ethics in the undergraduate business core curriculum. Academy of Management Learning & Education, 11(2), 174. Retrieved from http://search.proquest.com/docview/1033316250?accountid=32521