Code Of Ethics: Directors Code Of Ethics In Malaysia

A code of ethics stands for a set of principles of conduct set within an organization to assist or guide employees to making decisions and adhering to ethical behavior. It’s a set of guidelines that must be followed to make ethical choices when conducting work related matters. Code of ethics is an organizations form integrity. This paper will discuss what an appropriate code of ethics is, and summarize the features of deontological, consequentialist, and virtue of ethics in a professional code of ethics. It will also analyze both the advantages and disadvantages of each approach to ethical theory in the context of the workplace.

In order for the directors and executives in any company to know that their employees are acting in an ethical manner, they need a defined

Integrity is more than being honest. Integrity is one of the values employers look for when selecting employees; a person with integrity carries their values with them in everything they do. To act in a manner that is morally and legally right is being a leader or person of integrity. This type of leader is consistent in doing what is right, legally and morally (Dees, 2014). One a person loses their integrity, it is almost impossible to get it back. Linnartz (2012) said integrity can be understood by how well we live and meaningfully connect our values into our daily life and work. Having integrity and having a leadership philosophy in line with good personal values will improve the relationship a leader has with colleagues. Having a leader that lacks integrity is a recipe for workplace chaos or conflict. According to Schachter (2013), a leader with integrity will walk the talk; their deeds match their words. The leader will be honest, moral, and

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

We as business owners, management and or in a role of authority must set, address and comply with a solid foundation of ethics. “A code of conduct is the single most important element of your ethics and compliance program. It sets the tone and direction for the entire function. Often, the code is a standalone document, ideally only a few pages in length. It introduces the concept of ethics and compliance and provides an overview of what you mean when you talk about ethical business conduct.”

Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.

A person of integrity does exactly what he says and says exactly what he means. There is no conflict between his thoughts and actions. His actions are consistent with the values he professes. According to Dr. William Manninger, A building without integrity may receive structural damage, or even collapse, in a storm. Similarly, people without integrity are blown about by the winds of misfortune and destroyed by catastrophes, for they lack the firmness, solidity, and strength of character to weather any storm. This means that integrity is one of the six essential qualities that are the key to success.

Ethical decision making is absolutely essential if our company is to continue to grow and to maintain its standing in the business community. Ethical decision making is something that should not merely pertain to upper levels of management, but should apply to the company at all levels of its corporate hierarchy.

The first fundamental principles of ethics in MIA by- Law are Integrity. The company does not follow the integrity. Compliance with Legal and Ethical Requirements is under integrity. The company complies with all applicable laws and conducts its business with integrity and employees must do the same in carrying out their responsibilities as a Director. They should honest and sincere in the approach of their professional work. In the accounting scandal, the reason of understated the $5 billion of earning is because the management had ignored accounting rules to hide earnings and volatility. They did not be honest and sincere in the approach to their own professional work.

Integrity is a core character of being a leader. Employees want to know that their leader is worthy of their trust. A leader with integrity will likely be highly respected and withstand the test of time. As described by Dees (2013), “integrity on a higher plane is the seamless integration of faith, family, and profession

Integrity is an essential character quality that defines an effective leader. Integrity is a unifying element; it means more than telling the truth. Integrity is concerned with right and wrong, and adherence to a set of values (Satterlee, 2013, p. 7). In that, integrity speaks on the quality of being honest and having strong moral principles – moral uprightness. A resilient leader should hold steady to their morals when faced with an ethical dilemma. “Leader integrity matters because it plays a significant role in the decision process used by followers when determining who they will follow, who they will trust, to whom they will be loyal and committed, and ultimately for whom they will perform” (Moorman & Grover, 2009, p.107). A leader’s integrity goes beyond their personal character make-up, subordinates will feel a sense of connection to a leader who acts with

This paper primarily consists of a personal response to a few questions about ethics in business. Describing the meaning of ethics sets the criteria for evaluating if actions are ethical. Looking at current and future career work, the concept of ethics is applied to predict ethical challenges. Based on this coursework, and outside research, resources will be identified that may be beneficial when business ethical challenges arise. The coursework on ethics covered law, conflict of interest, accounting, environment, finance, marketing, management, reputation, and corporate social responsibility. All of these topics are corporate concerns. Some topics may present dilemmas during the course of business. The responses in this paper

Ethical standards in business are important for every leader to know and understand. The book Ethics 101: What Every Leader Needs to Know by: John C. Maxwell discusses ethics in the world today. When people make unethical choices, the reason they do because of three main pitfalls. People do what is most convenient to them, people tend to do what they must do to win, and people rationalize their choices with relativism. In this summary, Maxwell’s definition of business ethics will be framed, examples of ethical standards and guidelines, the meaning and contrast of ethical thinking and ethical behavior, and how to avoid these major pitfalls to live an ethical life. The

Integrity is defined as following your moral or ethical convictions and doing the right thing in all circumstances, even if no one is watching you. Having integrity means you are true to yourself and would do nothing that demeans or dishonors you. When employees are asked what they want from leaders it is integrity. Qualities change across culture and time, but what people say they want most in American society is integrity. When people are asked to define integrity, the word they mention most frequently is honesty. The leader with integrity always tells the truth as he or she believes it to be. Think about the best leader you have ever had; she or he probably had integrity. First and foremost, people want a leader they can trust. Ask yourself whether you have a reputation for integrity. (Manning 6) Integrity can be broken down into sub components:

Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.