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Formulating A "Code of Ethics" That Reflect Core Principles Derived From The Analysis

The document discusses the concept of ethics, particularly in a business context, and defines a code of ethics as a set of principles guiding professional conduct. It outlines three types of codes: code of conduct, code of practice, and code of ethics, emphasizing their roles in regulating behavior and ensuring integrity across various professions. Additionally, the document includes activities for understanding key concepts related to ethics.

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kennethpalermo225
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16 views19 pages

Formulating A "Code of Ethics" That Reflect Core Principles Derived From The Analysis

The document discusses the concept of ethics, particularly in a business context, and defines a code of ethics as a set of principles guiding professional conduct. It outlines three types of codes: code of conduct, code of practice, and code of ethics, emphasizing their roles in regulating behavior and ensuring integrity across various professions. Additionally, the document includes activities for understanding key concepts related to ethics.

Uploaded by

kennethpalermo225
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FORMULATING A “CODE OF

ETHICS” THAT REFLECT CORE


PRINCIPLES DERIVED FROM THE
ANALYSIS
WHAT IS ETHICS?
The English word ETHICS derived from the Ancient
Greek word “ethikos meaning
“relating to one’s character”, which itself comes
from the root word “ethos” meaning “character,
moral nature”. This word was transferred into
Latin as “ethica” and then French as “ethique”,
from which it was transferred into English.
WHAT IS BUSINESS
ETHICS?
Business Ethics is the study of appropriate business
policies and practices regarding potentially
controversial subjects including corporate governance,
insider trading, bribery, discrimination, corporate
social responsibility, fiduciary responsibilities. The law
often guides business ethics, but at other times
business ethics provide a basic guideline that
businesses can choose to follow to gain public approval
WHAT IS CODE OF
ETHICS?
A code of ethics is a guide of principles designed to
help professionals conduct business honestly and with
integrity. A code of ethics document may outline the
mission and values of the business or organization,
how professionals are supposed to approach
problems, the ethical principles based on the
organization's core values, and the standards to which
the professional is held.
A code of ethics, also referred to as an "ethical code,"
may encompass areas such as business ethics, a
code of professional practice, and an employee code
of conduct.

Code of ethics is a written set of guidelines issued by


an organization to its workers and management to
help them conduct their actions in accordance with its
primary values and ethical standards.
THERE ARE 3
TYPES OF
CODE
CODE OF CONDUCT
It is a document designed to influence the
behavior of employees. They set out the
procedures to be used in specific ethical
situations and delineate whether a violation of
the code of ethics occurred and, if so, remedies
should be imposed.
CODE OF PRACTICE
It is adopted by a profession or by a governmental or
non-governmental organization to regulate that
profession. It may be styled as a code of professional
responsibility, which will discuss difficult issues,
difficult decisions that will often need to be made, and
provide a clear account of what behavior is considered
“ethical” or “correct” or “right” in the circumstances.
CODE OF ETHICS
Is not written solely for the purpose of doing ethical business
practice. It can also be applied and practiced in school,
government, and even professional groups.

There is code of ethics for teachers, accountants, engineers,


lawyers, doctors, nurses, and all other professionals to ensure
that they are following the same ethical standards in their
professional practice.
THANK
YOU
ACTIVITY 1
DIRECTIONS: CHOOSE THE LETTER OF THE CORRECT ANSWER.
1. WHAT DOES THE WORD "ETHIKOS" MEAN IN ANCIENT
GREEK?
A) MORALITY
B) CHARACTER
C) GOVERNANCE
D) RESPONSIBILITY
2. WHAT IS THE PRIMARY FOCUS OF BUSINESS ETHICS?

A) PERSONAL DEVELOPMENT
B) ENVIRONMENTAL SUSTAINABILITY
C) APPROPRIATE BUSINESS POLICIES AND PRACTICES
D) EMPLOYEE MANAGEMENT
3. WHAT IS A CODE OF ETHICS DESIGNED TO HELP
PROFESSIONALS DO?

A) IMPROVE THEIR PERSONAL REPUTATION


B) CONDUCT BUSINESS HONESTLY AND WITH INTEGRITY
C) MAXIMIZE PROFITS
D) INCREASE EMPLOYEE TURNOVER
4. WHICH OF THE FOLLOWING MIGHT A CODE OF ETHICS
INCLUDE?

A) LEGAL REGULATIONS ONLY


B) MISSION, VALUES, AND ETHICAL PRINCIPLES OF THE
ORGANIZATION
C) MARKETING STRATEGIES
D) TECHNOLOGICAL INNOVATIONS

5. WHO IS TYPICALLY GUIDED BY A CODE OF ETHICS IN AN


ORGANIZATION?

A) ONLY SENIOR MANAGEMENT


B) ONLY THE EMPLOYEES
C) BOTH WORKERS AND MANAGEMENT
D) EXTERNAL STAKEHOLDERS ONLY
ACTIVITY 2
FILL IN THE BLANK
1. A _________ IS PRIMARILY USED TO REGULATE THE
ETHICAL CONDUCT OF EMPLOYEES WITHIN AN
ORGANIZATION BY OUTLINING CLEAR PROCEDURES FOR
ADDRESSING SPECIFIC ETHICAL DILEMMAS AND THE
CONSEQUENCES OF VIOLATIONS.

2. THE _________ ADOPTED BY A PROFESSION OR


ORGANIZATION OFTEN ADDRESSES COMPLEX ISSUES AND
PROVIDES A CLEAR UNDERSTANDING OF WHAT
CONSTITUTES "ETHICAL" OR "CORRECT" BEHAVIOR WITHIN
THE CONTEXT OF THAT PROFESSION’S STANDARDS.
3. A _________ IS NOT ONLY APPLICABLE IN BUSINESS SETTINGS
BUT ALSO EXTENDS TO VARIOUS OTHER FIELDS, SUCH AS
EDUCATION, HEALTHCARE, AND GOVERNMENT, ENSURING
UNIFORMITY IN ETHICAL STANDARDS ACROSS DIFFERENT SECTORS.

4. WHILE A _________ DOCUMENT MAY FOCUS ON THE ETHICS


OF SPECIFIC PROFESSIONAL BEHAVIOR, IT IS TYPICALLY
CONCERNED WITH PROVIDING GUIDANCE ON DECISION-MAKING IN
SITUATIONS WHERE MORAL CHOICES ARE REQUIRED.
5. IN MANY PROFESSIONS, THE
_________ SERVES AS A FOUNDATIONAL
TOOL THAT ENSURES PROFESSIONALS
ADHERE TO ETHICAL STANDARDS THAT
PROMOTE INTEGRITY, TRUST, AND FAIRNESS
WITHIN THEIR RESPECTIVE FIELDS.

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