As Business Owner / Leader / Manager : Is it essential to establish ethical values and principles governing behavior in your organization ?

Yes, it is necessary, without which proper functioning of the management may not be possible.

It is recommended to build up ethical values among the teamwork because they will boost up the loyalty to the organization and make the basis of sincerity.

Yes it is vital, essential and most appropriate otherwise you will become a  dangerous risk for your partners and society.

Certainly. A company leader is accountable for the company's culture. That starts with fostering the person's value system. This is the base for the company's value system, then comes the person's integrity with the announced value system in the company and outside it. The person should behave in accordance to the announced value system which then attracts others to trust him/her. This is some times called the "say-do-gap".

no ethic no success

It is vital to do so in business.To establish a set of governing virtuous rules. To help assure that the company maintain  a good business image and employees follow these rules.

It should be parallel with organization policies to control employee behaviors inside the organization  

I believe it is a must.if you expect employees to perform well,they need a set of rules and process urges to perform up to your expectations.

The establishement of ethical values and principles to govern behaviors in an organization is fundamental to the success of the organization and it is also an obligation. The higher the standards are set the better it will be for the organization itself , for the employees and the consumers and public.

It is also very important to ensure that these values are being strictly respected and abided to and any transgression should be dealt with firmly.

All organizations must follow the rules and regulations that are processed according to the ethical values set internally and externally, therefore, performance of resources and success comes out of these values among with performance. Bearing the established values and the governments rules.

Yes, it is essential.