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Core Principles O F Fairness, Accou Ntability, and Tra Nsparency

This document discusses key principles of accountability, fairness, and transparency. It defines accountability as being responsible to justify one's actions and decisions. Effective accountability structures are important for preventing corruption. Fairness involves balancing interests in decision-making. Transparency means readily available financial information reduces volatility. Competence and professionalism require technical, human, and conceptual skills to act responsibly.

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marissa casareno almuete
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178 views8 pages

Core Principles O F Fairness, Accou Ntability, and Tra Nsparency

This document discusses key principles of accountability, fairness, and transparency. It defines accountability as being responsible to justify one's actions and decisions. Effective accountability structures are important for preventing corruption. Fairness involves balancing interests in decision-making. Transparency means readily available financial information reduces volatility. Competence and professionalism require technical, human, and conceptual skills to act responsibly.

Uploaded by

marissa casareno almuete
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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CORE PRINCIPLES O

F FAIRNESS, ACCOU
NTABILITY, AND TRA
NSPARENCY
Notions of Accountability, Fairness,
and Transparency
■ Business leadership affects the moral capabi
lity and performance of organizations. Busin
ess leaders influence the scope and charact
er of formal ethics programs and the integrat
ion of ethics into everyday organizational lif
e. However, most practicing business leaders
in most countries most of the time are not he
ld accountable for dysfunctional moral, socia
l, and environmental performance.
The Four Key Dimensions of Inte
grity Capacity
■ Process
■ Judgment These should present challenges for business
leaders so that they become more aware of
■ Developmen moral concerns and thus respond more
t effectively to the problems that arise.
■ System
ACCOUNTABILITY
■ Accountability structure are the most important aspect of preve
ntion and detection of corruption. A civil society organization w
ithout proper accountability systems is fragile and open to rum
ors about mismanagement and abuse of power.

Accountability----- what it is:


 To be accountable is to be liable or justify one’s action and decision.
 Accountability is the process of explanation and justification.
 Holding to account is the process of requiring explanation and justification, but it is also
about testing, forming a judgment and if necessary, taking action.
 Accountability implies responsibility: it is reasonable only to hold people to account for
those things for which they are responsible.
Accountability---- what is not:
 It is not synonymous with responsibility.
 It does not imply a management relationship.
 It is not a “one off” annual event.
 It is not the same as appraisal.
 It is not about confrontation, “putting someone in his place” or “giv
ing him a hard time”

Accountability Structures
• Accountability is the ability to account for your actions and
performance to your stakeholders. Accountability includes the fact
that persons (your stakeholders) are willing and able to hold you
accountable.
Fairness
■ Fairness---in the context of a business organization---i
nvolves balancing the interests involved in all decision
-making including and decisions related to hiring, firin
g, and the compensation and reward system.
■ Overall, fairness has to do with justice, which is to give
to another that which is due him or her. More concret
ely, justice: (1) looks at the balance of benefits and bu
rdens distributed among members of a group; and/or
(2) can result from the application of rules, policies, or
laws that apply to a society or a group. In general, the
results of actions override utilitarian results.
Transparency
■ Transparency is the extent to which invest
ors have ready access to required financia
l information about a company, such as pr
ice levels, market depth and audited finan
cial reports. Transparency helps reduce pr
ice volatility, because all the market partic
ipants can base decisions of value on the
same data.
Notions of Competence, Professionalis
m, and Responsibility
■ Studies show that moral character and technical competence ar
e viewed as being equally important for worker excellence. The
greater the need to engage with co-workers who have different v
alues, interest and needs, the more important it becomes for em
ployees to be able to connect with colleagues, to understand dif
ferent perspectives, to balance sometimes conflicting claims and
to act competently both interpersonally and ethically. In order to
do that, a responsible worker needs a minimum set of skills, as w
ell as more and relational qualities. The following are the minimu
m competencies expected of professional:
Technical Skills Human Skills Conceptual Skills

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