What is the purpose of an agency code of ethics?

An agency code of ethics serves the essential purpose of setting principles that guide ethical business conduct. This code establishes a framework for decision-making and behavior within the organization, ensuring that all employees understand the expected standards of integrity and professionalism in their roles. By promoting ethical practices, the code aims to foster a culture of trust and accountability, which is crucial for maintaining positive relationships with clients, stakeholders, and the community at large.

The code outlines key values such as honesty, transparency, and respect, encouraging personnel to prioritize ethical considerations in their daily activities. This framework supports employees in navigating complex situations where moral dilemmas may arise, providing them with a clear reference point to uphold the agency's values.

Addressing the other options, outlining investment strategies pertains more to financial planning rather than ethical conduct. Establishing financial goals is focused on performance metrics, which do not directly relate to ethical guidelines. Training in technical skills, while important for employee development, falls outside the scope of what a code of ethics aims to accomplish. The primary function of an agency code of ethics is thus centered on cultivating a principled approach to business practices, which aligns with the selected answer.