Laws and Code of Conduct

Introduction

Laws and code of conduct are more and more used in our society. They must fix rules not to be exceeded by citizens or by the employees of a company. However, why do we need laws and code of conduct? Is there a difference between the two? Are the laws sufficient? How to fix good codes of conduct.

First, we will define terms to understand them. Then, we will see the sanctions and we will highlight the differences and similarities. Finally, to have a more concrete approach, we will see an example of code of conduct.

1.Definitions

A) LAWS

Law in politics and jurisprudence is a set of rules or norms of conduct which mandate, proscribe or permit specified relationships among people and organizations, provide methods for ensuring the impartial treatment of such people, provide punishments for those who do not follow the established rules of conduct.

Law is the formal regime that orders human activities and relations through systematic application of the force of a governing body and the society it rules over.

Laws may require or proscribe given actions, as well as empower citizens to engage in certain activities, such as entering into contracts and drafting wills. Laws may also simply mandate what procedures are to be followed in a given context; for example, the U.S. Constitution mandates how Congress, along with the President, may create laws. A more specific example might be the Securities Exchange Act of 1934, which, along with the Securities and Exchange Commission (SEC), a regulatory body, mandates how public companies must go about making periodic disclosures to investors.

In most countries only professionals trained in the law can effectively understand and explain legal principles, draft relevant documents, and guide parties through legal disputes, whether with another private party (civil law) or with the government (often involving criminal law).

Concerning the