A code of conduct is a set of rules outlining the norms, rules, and responsibilities or proper practices of an employee or a stakeholder of an organization.It is the most common policy within an institution.A well-written code of conduct clarifies an organization's mission, values and principles, linking them with standards of professional conduct. This policy lays out the institution’s principles, standards, and the moral and ethical expectations that employees and other stakeholders are held to as they interact with the institution.