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    Code of Ethics

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    Eman Gabreza
    This document discusses codes of ethics, which govern decision-making when facing ethical dilemmas. Codes of ethics are value statements that help businesses operate fairly and with integrity, similar to how constitutions establish principles to guide behavior. They are used in business and professions to ensure the public that organizations and members will act in a socially responsible way. Violating a code of ethics can result in termination. Codes of ethics openly outline rules for behavior and provide a basis for preventative guidance.

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    Code of Ethics

    Uploaded by

    Eman Gabreza
    9 views6 pages
    This document discusses codes of ethics, which govern decision-making when facing ethical dilemmas. Codes of ethics are value statements that help businesses operate fairly and with integrity, similar to how constitutions establish principles to guide behavior. They are used in business and professions to ensure the public that organizations and members will act in a socially responsible way. Violating a code of ethics can result in termination. Codes of ethics openly outline rules for behavior and provide a basis for preventative guidance.

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    This document discusses codes of ethics, which govern decision-making when facing ethical dilemmas. Codes of ethics are value statements that help businesses operate fairly and with integrity, similar to how constitutions establish principles to guide behavior. They are used in business and professions to ensure the public that organizations and members will act in a socially responsible way. Violating a code of ethics can result in termination. Codes of ethics openly outline rules for behavior and provide a basis for preventative guidance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    9 views6 pages

    Code of Ethics

    Uploaded by

    Eman Gabreza
    This document discusses codes of ethics, which govern decision-making when facing ethical dilemmas. Codes of ethics are value statements that help businesses operate fairly and with integrity, similar to how constitutions establish principles to guide behavior. They are used in business and professions to ensure the public that organizations and members will act in a socially responsible way. Violating a code of ethics can result in termination. Codes of ethics openly outline rules for behavior and provide a basis for preventative guidance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    CODE OF ETHICS

    Codes of ethics govern decision-making when confronted with ethcal


    dilemmas or questionable issues.
     It is often referred as the value statement of a company designed to assist
    professionals in running a business fairly and with integrity.
     It works similar to the Constitution with general principles to direct
    behavior as well as outlining a set of principles that influence decision-
    making.
    Codes of ethics are commonly used in the business and professional
    perspective to guarantee the public that corporations and members of regulated
    professionals are acting in a socially and professionally satisfactory manner.
     Possible termination or dismissal from the organization may be the result in
    breaking code of ethics.
     A code of ethics is imperative because it openly outlines the rules for
    behavior and offers the basis for a preventive cautioning.
    Examples of Code of ethics that may assist companies
    when creating policies on ethical that must be practiced
    inside the organization
    1. Employee code of Conduct- A business code of ethics is a framework of policie founded on laws and values that
    a copany requires all employees to follow to.
    2. Confidentiality and Privacy Policies- A lot of companies these days have been targets or has become victims of
    hackers who steal customer’s personal information or propriety data.
    3. Professional appearance policies- A dress code or dress policy can also be made as requirement.
    4. Promoting green practices- Promoting green and being environment friendly is a sound business practice.
    5. Obeying the law- Complying and abiding the law is mandatory ethical practice. Certainly, employees must
    follow the law althroughout their stay in workplace to protect their company’s image.
    6. Caring consideration policies- Business must not allow their consumer to feel that they are just after profit.
    Key components of Code of ethics in
    Business
    When creating a company’s code of ethics, the legal, compliance, value-based and violation of code of ethics
    components are important in defining and running a company successfully.
    1. Legal issues- besides expressing to all employees that they must follow the law, this needs to be documented. In
    any business organization, employees should follow local and national laws.
    2. Compliance and regulations- Most industries follow certain legal requirements. They are expected to shoulder
    fines and penalties, and face potential legal action once there is failure to conform to the rules.
    3. Value-based Components- The codes of ethics normally embraces the six universal moral values that companies
    expect of their employees. The value consist of being TRUSTWORTHY, RESPECTFUL, RESPONSIBLE,
    FAIR CARING, and GOOD CITIZENS.
    4. Violation of the Code of ethics- it is important to address also in the code of ethics the action to take in cases of
    violation. The process of possible disciplinary actions resulting from a specific violation must be clearly stated.
    Must be fair and justifiable.

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