Guiding principles and best practices are the most important elements to document for a business ethics program, because they provide the foundation and direction for the program. Guiding principles are the core values and beliefs that inform the ethical behavior and decision-making of the organization and its stakeholders. Best practices are the methods and techniques that have been proven to be effective and efficient in achieving the desired ethical outcomes. Documenting guiding principles and best practices helps to communicate the purpose, scope, and objectives of the business ethics program, as well as the roles and responsibilities, policies and procedures, standards and expectations, and evaluation and improvement mechanisms. Documenting guiding principles and best practices also helps to align the business ethics program with the organizational strategy and culture, and to foster a consistent and coherent ethical environment.

References := How to Build a Business Ethics Program - Bizmanualz, A Guide for Business How to develop a Human rights Policy.