Identify the values and principles that will guide the ethical code of conduct. Then, the same must be communicated to the team to ensure that they understand the ethical standards that they must maintain and will be held accountable for. Ethical leadership leads by example, so employees can model their decisions and behavior on the decision-making and behavior of their leaders. Encourage transparency and open communication within the team and regularly reevaluate behaviors and decisions to ensure they are in keeping with the set ethical expectations.