What Is the Meaning of a Code of Practice?
A code of practice is a set of professional standards or written guidelines agreed on by members of a particular profession or written guidelines issued by an official body or a professional association to its members to help them comply with its ethical standards.
Role of Codes of Practice
- Code of Practice as is a form of industry self-regulation.
- Promote good business practices.
- To provide customer focused benefits beyond the minimum standards.