There is not one consistent set of standards that all companies follow, but each company has the right to develop the standards that are meaningful for their organization. Ethical standards are not always easily enforceable, as they are frequently vaguely defined and somewhat open to interpretation ("Men and women should be treated equally, " or "Treat the customer with respect and kindness."). Others can be more specific, such as "Do not share the customer's private information with anyone outside of the company."
Use ethical standards in a sentence
I was impressed by the company's ethical standards; the company treated all of the employees and clients with the utmost respect and fairness.
The company is known for its high ethical standards, including paying its employees a fair wage, offering promotional opportunities for minorities and women, and giving a portion of profits back to the community in the form of scholarships and charitable ventures.
I ws not sure that the company met the ethical standards that were set in the business world, which made me upset.