Ethics is a term that many people does not understand because there is no set code of ethics that everyone must follow. There is not a “one size fits all” (Pasztor, 2015) when it comes to ethics. A code of ethics determines how employees should act while working for the company. Each company has their own code of ethics that they expect ALL their employees to follow. The employee is supposed to show action that is for the best interest of the employer and clients above their own interests. In John Anderson’s case, he did not follow this, which, resulted in violating the code of ethics. International Widgets Code of Ethics has eight different rules to follow: confidentiality, ethics, duty of care, conflict of interest, intellectual property …show more content…
We extend the same standards to all our customers, suppliers, and associates.” By providing the competitor with the names and phone numbers of the clients, John was in breach of the code of ethics. The customers provided International Widgets the information with the knowledge that it would stay confidential and not be released for outside sources. Ethics states, “We conduct business honestly and honorably and expect our clients and suppliers to do the same. We train our employees to be ethical and expect them to always act in the best interests of International Widgets.” John was not acting in the best interests of International Widgets when he sold the customers information to the competitor. International Widgets will lose business as they lose customers to the competitor and could potentially cause the company to close their …show more content…
Fiduciaries are expected only to pursue the interests of beneficiaries when executing a fiduciary mandate. To that end, the duty of loyalty strictly forbids conflicts of interest and conflicts of duty, on pain of powerful remedies that strip fiduciaries of any gains realized in breach.” (Miller, 2013, p. 972) With this statement, it proves that John was in a fiduciary relationship with International Widget. This relationship John is obligated to be loyal to International Widget and should carry out instructions set forth by International Widget; which, would result in John being controlled by International
However, there is no illegality here since this action ties in with the regulations of the company. Although we are unable to conclude on any evidence, the professional skepticism level should rise.
A code of ethics is important because it provides individuals within a group, organization, club or society with a set of rules, standards and guidelines to operate within. When employees don't have a code of ethics, they could engage in less-than-socially acceptable behavior. This can establish a bad reputation for an organization.
A code of ethics is a formal document in which is used to assist members of an organization, to know what’s ‘right’ and what is ‘wrong’ in the work place and applying it to their decisions. A code of ethics is a written set of rules or guidelines to help the workers and management ‘conduct’ or direct their actions with its primary values and ethical standards. A code of ethics is important because without it, employees and management wouldn’t have guidelines and the establishment would resemble a crazy house. Consider the establishment, Dunkin Donuts. Dunkin Donuts is a food establishment well-known for their famous donuts, coffee and their slogan “America runs on Dunkin”. Without a code of ethics, the industry would most likely be
When creating the content within the code of ethics, it is important to remember and establish immediately that The Code of ethics applies to all Widget Tech Inc. employees and directors. To create a code of ethics a company needs to look to the industry, it is important that employees, directors and stakeholders are aware that “We (Widget Tech Inc.) abide by all rules of conduct of the American Widget Manufactures Association” (Joel Saltzman, 2006) It is also important to Look outside the industry and compare current Code of Ethics with other companies in our manufacturing industry. A company must cover all aspects of business when creating their code of ethics. It is also important for a company to consider problems that might have occurred in the past, and how problems have been resolved.
Would you review the Standards of Ethical Coding on a regular basis and if yes, how often?
A reaction expected to the Code of Ethics is respect. Each employee is responsible for making reasonable decisions that are in the best interest of the company. Employees are given this position and are expected to be in compliance with the Code of Ethics; respecting all rules and regulations. As a former employee I was responsible to have the client’s best interest at hand and conduct the company with integrity, honesty and in a highly ethical manner. Management expected us to maintain our professionalism and try to help the clients as much as possible.
Recently it was discovered that some severe ethical violations occurred within our consulting team contracted to Pearson Waters, Inc. which required prompt action. Certain programming code supposedly written by one of our team members was actually proprietary software information belonging to another company. Additionally two images that were used to construct the Employee Instruction Booklet were randomly selected from an internet search, without any regard to ownership permission. These and other ethical violations will not be tolerated on this or any other contract.
“Unethical thinking is not just “bad business”; it is an invitation to disaster in business, however rarely (it may sometimes seem) unethical behavior is actually found out and punished” (Solomon, 1997:17) An ethical dilemma happens when an intricate circumstance which often originates from a struggle amongst the moral requirements of two persons.
In this case we are introduced to Eve DuPlacie, an information technology professional working for Orange Company. Orange company is a huge corporation who produces wireless mobile device, and rivals her previous telecommunications employer Banana Company. Eve has found herself in an ethical dilemma of whether or not to provide her new employer with trade secrets that she is contractually obligated not to disclose by her previous employer. Her new employment contract with Orange obliges her to utilize all her skills and knowledge of the industry to help improve Orange’s products; however, her previous employment contract at Banana contained a clause requiring her not to disclose any of their commercial information for a year after her contract ended. She is obliged by her current employer to disclose the trade secrets, and obliged not to disclose them by her previous employer. Seeing as how there are no others in the case who would influence Eve’s decision, Eve is the only one morally responsible for deciding where her loyalties lie. While there are factors within the case from both perspectives that perhaps could influence her decision, Eve is still the only person responsible for her course of action.
Everything in life has a trade off. "Ethics is defined as the moral principles that govern a persons behavior." Ethics is constructed by society, and personal values, the purpose of code of ethics is that it gears all organizational conclusions, creating a groundwork in which all conclusions are drawn. This can benefit to build a sense of barriers through the organization. A well thought out code of ethics can assure a companies standing. Looking at the world of business and ethics, it is clear to see that there are many possible tradeoffs. One can be loyal to the company, and not have the best success, or one can be deceiving and manipulating in order to become rich and successful. The motivation for researching this topic is to see how the
Following the Code of Ethics provided by APEGA is an important responsibility of those privileged to be a Professional Engineer. Though following the code might not be in ones best interest, it is meant to maintain the values and standards of the whole profession. Example below:
Principle 2 of the AHIMA Standards of Ethical Coding states that, “the coder must refuse to participate or conceal unethical practices or procedures and report such practices (www.ahima.org). HIMs must ensure that they set the example for their staff when it comes to ethical behavior. Often the direction of upcoding and down coding comes from a trusted superior in which the coder may be afraid to question their authority. HIMs professionals
A code of ethics highlights the responsibility and accountability standards of each and every employee within the organization. These codes are also motivating factors that guide the employees’ behavior, set the standard regarding ethical conduct, and build an organizations trustworthiness within
Ethics is the application of one’s personal beliefs and the impact on how a person makes decisions regarding the relationships involving a company. The most common agents that involve a person’s decisions are owners, employees, customers, clients,
Ethics are the principles and values an individual uses to govern his activities and decisions. In an organization, a code of Ethics is a set of principles that guides the organization in its programs, policies and decisions for the business. The ethical philosophy that is used by an organization to conduct business can affect the reputation, productivity and bottom line of the business (1).