Ethical standards refer to a set of principles or values that govern the behavior and actions of individuals, organizations, or professions. These standards are based on moral principles such as honesty, fairness, integrity, and respect for others, and they provide guidelines for making decisions and taking action in a way that is consistent with these principles.
In other words, ethical standards represent the accepted norms of conduct within a particular society or group, and they are used to determine what is right or wrong, good or bad, in any given situation. When individuals or organizations adhere to these standards, it helps to promote trust, fairness, and integrity in all interactions, and it can also help to prevent harm to others.
Overall, ethical standards play an important role in shaping the behavior of individuals and organizations, and they are essential for maintaining a just and equitable society.