Professional ethics are the principles that govern the behavior of a person or group in a business environment. They provide guidance for people working in a particular profession, telling them what they are supposed to do and what they are not supposed to do while working there. Professional ethics are often codified as a set of rules, which a particular group of people use. These rules can differ depending on the profession, and there are some universal ethical principles that apply across all professions, including honesty, trustworthiness, loyalty, respect for others, adherence to the law, doing good and avoiding harm to others, and accountability.

There are different types of professional ethics, including:

• Business Ethics: This refers to how ethical principles guide a businesss operations. Common issues that fall under the umbrella of business ethics include employer-employee relations, discrimination, environmental issues, bribery, insider trading, and social responsibility.

• Compliance-Based Code of Ethics: This type of code of ethics focuses on ensuring that a business and its employees are following state and federal laws, conducting themselves with an ideal that can be exemplary, and ensuring that the business being conducted is beneficial for all stakeholders.

• Professional Practice Ethics: This type of ethics is specific to a particular profession and provides guidance on how professionals are supposed to approach problems, the ethical principles based on the organizations core values, and the standards to which the professional is held.

Different professions have their own specific codes of ethics, and these codes may differ depending on the profession. For example, the Hippocratic Oath is one of the ethics that doctors have to follow before practicing medicine.

In summary, professional ethics are the guiding principles that govern the behavior of people in a particular profession. They provide guidance on what professionals are supposed to do and what they are not supposed to do while working there. There are different types of professional ethics, including business ethics, compliance-based code of ethics, and professional practice ethics.