Executives cite adapting to change as the most important factor for success in today’s dynamic business environment. Another equally important factor is an unwavering commitment to ethical and responsible business behavior. Many organizations understand that a formal, written code of conduct is critical in transforming ethical behavior into something more tangible for employees. The Sarbanes-Oxley Act and major stock exchange listing requirements have mandated this code as a requirement for public companies. This guide outlines the elements of a successful code of conduct and lists ethical warning signs to watch out for.