What are ethical standards within a firm referred to as?

Organizational values refer to the core principles and beliefs that guide the behavior and decision-making processes within a firm. These values shape the ethical standards that employees are expected to uphold and reflect the company's commitment to ethical conduct in its operations. By establishing clear organizational values, a firm can ensure that all employees understand what is considered acceptable behavior and the ethical framework within which they should operate. This can enhance trust and coherence among employees and stakeholders, as well as foster a positive organizational culture.

The other options focus on different aspects of a company's operations or management practices. Organizational objectives are the specific goals a company aims to achieve, which may or may not directly pertain to ethical considerations. Internal governance practices relate to the structures and rules that govern the organization, while strategic commitments involve long-term promises made by the company regarding its mission or vision. While these elements can intersect with ethical standards, they do not encompass the foundational beliefs that define a firm's ethical stance as organizational values do.