Code of Ethics Most organizations implement a code of ethics to establish proper standards and procedures for line managers and employees. Additionally, Dowlen and Festing et al., ‘‘HR professionals have an important role to play in instituting a strategic plan for legal compliance and developing corporate codes voluntary compliance’’ (p. 271). Ideally, a well-written code of ethics will provide guidance and understanding on how staff members should handle certain situations. For example, Lisa Magloff from Chron Business, states that ‘‘The Kraft code of ethics contains just 10 short rules of ethical behavior that all employees must follow. The introduction to the Kraft code of ethics suggests that employees should let values guide their actions …show more content…
As an employee you have a responsibility to comply with this code and operate under clear and concise judgement. If at any time you feel unsure or need further guidance please reach out to your line manager, legal department, or compliance group.
(2) Gift- Giving Policy
Gift-giving is customary approach to provide someone with a generous offering. Employees should not accept gifts from vendors, customers, suppliers, public official, or stakeholders under the following circumstance:
(A) If the gift could be reasonably inferred or expected to intend influence on one’s performance of their official duties (Perego, 2008).
(B) If the gift was intended to serve as a reward for any official action on their part (Perego, 2008).
(C) Do not accept a gift that is worth more than $500. Any gifts awarded for more than the specified amount will be under review by our compliance department.
(D) Do not promise or give company stock in the form of a gift.
(E) If you refuse a gift that is over the nominal company amount and the sender is offended or may cause embarrassment please report to the legal department for further
In the book 'The gift', Mauss demonstrates how in all societies, individuals should have the rights and freedom to choose whether they want to give gifts, however, he notices that giving gifts are compulsory in most societies. Mauss speaks about a study that explains how giving gifts is done as a whole rather than between individuals. The gifts were not only materialistic such as possessions and prosperity but through festivities and events such as rituals and dances. These type of gifts resemble peace, respect, and honor. Mauss describes this as a 'system of total services' which indicates that the gifts represented are beneficial to the whole society through reciprocation.
If any client or persons that has any financial interest in a company is offered a gift or entertainment and accepts the offer, they are in the risk of complying with the “Integrity and Objective Rule.” A client should have a firm understanding of what is acceptable when accepting a gift. There are limitations on gifts such as the price of the gift. The occasion is a factor of whether the gift is acceptable or not, and how many gifts were given or how often gifts were given is taken into account when considering acceptable gifts.
B) An individual can inadvertently make a gift by underestimating a property's fair market value and selling it to a relative for a price below its fair market value.
In his article, Reciprocity and the Power of Giving, Lee Cronk discusses the different cultural meanings placed upon the act of gift giving. The act of exchanging of gifts has many unique implications, which are based on the culture of the giver and the recipient. Cronk discusses the idea of reciprocity, which is the expectance of exchange associated with gift giving. Cronk brings up the example of “Indian Gifts” which was a term that white settlers connected to the Native American people’s expectation of receiving an equivalent gift after being given one. This expectation is rooted into the culture of the Native American people, which was misunderstood by the settlers. The real implication of
I should also think about the timing of these gifts and the relationship with the owner. In this situation I would actually accept this gift. To me it seems like me and the owner has developed some sort of relationship outside of professional parameters. He knows of or maybe even has met my family. It is Christmas Eve and he took the time to think of my family and I, presenting us with a gift. It is a holiday and I do not see a difference between the owner giving me a gift on Christmas and a teacher getting a gift on teacher appreciation day. I would present him with a gift as well.
f. No preconditions for an award allowed nor may they get used as prizes in
(171) Patico argues that cost now determines the logic of values in informal exchanges, but the gift given, and the attention to what gift is selected, has not changed.
In reimbursing ad hoc expenses, evidence of the expenditure is required with the host’s prior approval preferred.
The moral problem presented in this scenario is the police officer must decide on whether or not to accept the Christmas gifts that the owner of a small market is giving him as an expression of his appreciation. The police officer must decide whether or not to adhere to the department’s policies on accepting gratuities. Although accepting the gifts are not violating a criminal law, it can violate the department’s rules and policies on gratuities.
The meaning of gift in dictornary.com states that its something given voluntarily without payment in return, as to show favor toward someone, honor an occasion, or make a gesture of assistance. The meaning of gift has changed over time and people view gifts differently. However, to me the meaning of gift is being able to help people in way that can impact them in a positive way without having to give presents. Therefor, I thought of you Mrs. McNary.
In conclusion, based on the book if someone is going to give a gift they should only give currency or its close substitute. However, in today’s society there is a stigma
Although giving a gift can be a nice thought, it can also cause difficulty. If the gift is accepted, it changes the atmosphere of the worker and the client, if the gift if declined, it may hurt the client's feelings. According to ANZASW Code of Ethics (n.d), as a Social Worker, it is critical to have knowledge of our professional obligations include knowing the laws that apply to our professional roles by being aware of the policies and procedures of our organisation and having an understanding of our professional standards (p.
Following that, the recipient is obligated to receive the gift with gratitude and in the correct manner. Finally, there is an unspoken obligation to reciprocate, though not necessarily immediately.
The hypothesis of the study is the possibility of an existential gift being used more than social exchange and gift exchange (Frémeaux & Michelson 2011). The results found that existential gift exchange has a better outcome than social exchange and gift exchange because they are not obligated to give back something in return (Frémeaux & Michelson 2011). The examples of exchanging gifts show the internal variables that are hard to manipulate. It shows people do have a sense of indebtedness and depending on the situation, have a desire to return a favor when provided one. The authors Kube, Marechal, and Puppe (2012) continue the research on reciprocity and gift exchange through an experiment on monetary and nonmonetary gifts. They performed their experiment in the business setting to analyze how strongly workers reciprocate to gifts with higher productivity. The experiment was conducted in a naturally occurring work environment. There were three types of treatments: the baseline (control), money, bottle money upfront. In the money treatment, the workers received a monetary gift in the form of a 20% wage increase (Kube et al., 2012). In the bottle condition workers were given a thermos bottle with a value of seven euros and an extra seven euro bonus (equivalent to $8.65 USD using a currency convert calculator) (Kube et al., 2012).The results
Supriyo Chaudhuri stated that “business gifts are usually seen as advertising, sales promotion and marketing communication medium” to create “a positive, first impression which might help to establish an initial business relationship”. During a purchasing process, gift can be considered either an appreciation or an attempt to influence future buying behavior because it may influence buyer’s perspective and evaluation to the supplier. According to Nina Kaufman, receiving a gift can “hamper your objectivity when either making purchasing decision for your company or recommending the ng products or services to clients”. As for Bryan’s case, he first must identify his company’s policy on accepting gifts and favors to see if accepting the clock is a violation of company’s ethical standards. If a gift is strictly prohibited, Bryan has to return the gift right away. In the case that Bryan could keep the clock, the gift may be a primary factor encouraging him to get involved in business with Mr. James McEnroe’s company despite the fact that this is not the best option for his company, and thus this will still be considered to violate the code of professional conduct. After returning the gift, Bryan should also be open up and talk to his employer about the situation to show his honesty and justice. To his wife Nina, who attaches so much to the clock, Bryan should explain to her clearly why they should return the clock and the consequences if