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There are at least four elements that aim to create an ethical culture and behavior of employees within an organization. These elements are: a written code of ethics and standards (ethical code) ethics training for executives, managers, and employees; the availability of ethical situational advice (i.e. advice lines or offices)
Ethical codes are adopted by organizations to assist members in understanding the difference between right and wrong and in applying that understanding to their decisions. An ethical code generally implies documents at three levels: codes of business ethics , codes of conduct for employees, and codes of professional practice.
In its 2007 International Good Practice Guidance, "Defining and Developing an Effective Code of Conduct for Organizations", provided the following working definition: "Principles, values, standards, or rules of behaviour that guide the decisions, procedures, and systems of an organization in a way that (a) contributes to the welfare of its key stakeholders, and (b) respects the rights of all ...
Ethical standards of an entire organization can be damaged if a corporate psychopath is in charge. [42] This will not only affect the company and its outcome but the employees who work under a corporate psychopath. The way a corporate psychopath can rise in a company is by their manipulation, scheming, and bullying.
The Ethical Trading Initiative (ETI) is a UK-based independent body founded on 9 June 1998, [1] which brings together companies, trade unions and non-governmental organisations (NGOs) to ensure compliance with international labour standards in the global supply chains of member companies. [2] Minimum ethical standards are set out in the ETI ...
Motivated in part by this concern, in 1977 the American Bar Association (ABA) formed the Kutak Commission (formally the Commission on Evaluation of Professional Standards) for the purpose of evaluating the adequacy of the existing ethics rules, including the Model Code of Professional Responsibility. [29]
Professional ethics encompass the personal and corporate standards of behavior expected of professionals. [1] The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions: divinity, law, and medicine. [2]
Professional responsibility is typically implemented by an organisation or institution's management, through what is commonly referred to as a code of ethics or similar guiding document of standards. [12] A code of ethics sets out principles and rules to assist professionals and organisations to govern their implementation of the ideals of ...