Both a code of ethics and a code of conduct guide behavior within a firm, yet serve distinct functions. A code of ethics $....$

Is usually several pages long and includes detail about all aspects of business ethics situations.

Describes in a brief format the broad ethical values and aspirations of a firm. Some also refer to it as core values.

Extensively describes acceptable ethical behaviors to apply in specific situations $.$

Might provide a list of several laws relevant to different areas of operations. Mostly focused on legal details.