An ethics committee in an organization serves several key functions: 1. It resolves conflicts between parties by setting initial guidelines and policies and arbitrating disputes. 2. It oversees compliance with company standards to ensure accountability and legal/regulatory adherence. 3. It conducts reviews of disciplinary actions and makes recommendations to ensure fairness and compliance. 4. It regularly reviews and recommends updates to the organization's ethics policies. 5. It works to uphold employee welfare and promote ethical culture throughout the organization.