Final answer:
It is true that companies may set higher standards of conduct for their employees than the law requires, to create a better workplace and protect their reputation.
Step-by-step explanation:
A company may indeed set higher standards of conduct for its employees than the law requires. This statement is true. Companies often establish their own codes of conduct, ethics policies, and best practices that go above and beyond legal requirements. These standards serve to shape the culture and reputation of the business and ensure a safe, respectful, and ethical workplace that may attract quality talent and maintain company integrity. For example, some businesses may offer more generous leave policies, higher safety standards, or more rigorous quality controls than what the law prescribes. In this sense, the company acts proactively to foster an ethical work environment and protect its employees and reputation, which could also result in long-term benefits such as customer loyalty and brand value.