A code of ethics is a vital for any business, because if breaches of ethics accrue it can put companies in serious trouble with consumers, other organizations or government authorities. Making a code of ethics helps decision-making easier at all levels of an organization by reducing doubt and considerations of individual viewpoint in ethical standards.
I Choose Ruby Tuesday as the topic for my paper. I believe that having honesty and integrity a good start to having ethical behavior, a company must comply with both the spirit of the Code, it is essential to the Company’s success. The ethics code, along with other company policies, will govern actions and working relationships of the company’s employees with current and potential suppliers,
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Employees may not take advantage of anyone, including customers, franchisees, suppliers, competitors, and employees. Additionally, no one may make use of another through any means to include manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair‐dealing practices (Ruby Tuesday, Apr 2015).
B. Employees of RTI under no circumstances can you offer, give, solicit, receive, or authorize any form of bribe, kickback, or improper inducement, payment or gift in connection with RTI business (Ruby Tuesday, Apr 2015).
C. Employees of RTI must use good judgment in the efficient utilization of RTI assets. All assets must be used only for conducting RTI business. Therefore, employees must safeguard the Company’s property and assets from loss or theft and may not take such property for personal use (Ruby Tuesday, Apr 2015).
You must remember that employees are the guardian of the Company’s ethics. The ethical code is not intended to cover every situation or applicable law and provide answers to all questions that might arise. Employees are encouraged to speak to supervisors, managers or other appropriate personnel if in doubt about the best and moral course of action in a particular situation (Ruby Tuesday, Apr
Ruby Tuesday Inc.’s code of conduct prohibits all fraudulent activity that involves; dishonest acts, embezzlement of the company’s funds, forgery or alterations on checks or drafts, conversion of funds for personal use, unauthorized handling or reporting transactions, and falsification of the company’s financial statements or records. This is significant because again it could result in unwanted fines, lawsuits, and negativity towards the company. If companies are not properly funding their organizations or if employees are embezzling money for personal uses, it is not going to look positive for the company. This could ruin their business in a whole because customers will not want to do business with people that are unethical.
Over the next 60 days, every person is expected to receive and complete training on the code of conduct, and components of the compliance and ethics program. Additional specialized training will be available for those with special functions. An ethics hotline is also available at 1-877-ETHICAL to anonymously report illegal activities or unethical conduct inconsistent with the standards of this program. A non-retaliation policy is being strictly enforced to allow anyone to share anonymous and confidential reporting. You are the backbone of the company and I am proud that we all will carry out ethical work practices that will further strengthen our commitment to these standards and enhance our rich
Ethics, ethical values, and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals, obtaining employees who possess personal ethical values, and finally to behave ethically and with sensitivity toward social, cultural, economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should be adopted by the business. In the cases of Bernie Madoff and Enron, the most well-known financial scandals in history, I feel, gave a major hand in pushing business all across America to have and enforce the code of ethics.
A code of ethics is defined as a set of principles, values, beliefs, and rules that define the conduct of a person. This helps a person to determine the correct behaviors that should be expressed in every moment of his/her life as well as analyze what is good or bad in present. Practice the code of ethics is important in all situations because the moral is implicit in everything we do. Hence, the importance of making sure that what you do is right. In the article “How to Write a Personal Code of Ethics?” shows the importance of dedicate time to do a Code of ethics about us. This is because develop a code of ethics is not harder as too many people belief, but because it requires a lot of thinking. There is explain the importance of follow four
The importance of having a code of ethical conduct is establish expectations for ethical behaviors, to build and maintain trust within the company for concerns and violations, and establish protection for those who report unethical behaviors. In Ruby Tuesday’s code of business conduct and ethics it addresses the commitment of honesty, integrity, and ethical behaviors of the employees, officers, and directors. (Tuesday, April 8, 2015) The code of ethical conduct I chose is “You shall act with honesty and integrity and shall avoid actual or apparent conflicts of interest between personal and professional relationships and shall disclose to the Company’s Chief Legal Officer any material transaction or relationship that reasonably could be expected
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 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
Yes I agreed with the authors that a code of ethics should do more than establish minimum acceptable standards. As noted that, ethical behavior in any profession is about making correct judgment or decision that are based on established code of ethics. Businesses always drive the behavior that is expected in an organization. Successful businesses try to build high ethical culture from the top management level to the lowest and setting the standards for acceptable and unacceptable conduct in 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
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).
In the workplace as well as one’s personal life is essential for ethics to be maintained; often taking the right action is not always the most popular choice. It is important for maintaining an upstanding ethical code of conduct to be a productive individual as well as function as an employee in the workplace.
Normally, from a business standpoint it’s wrong; but ironically from the employees’ standpoint, they usually feel that they deserve it, or they’ve earned it, so it’s not actually fraudulent.
with the ethical and legal issues of my employees. In my scenario, my employee has access to
In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important
In the field of business, ethics is something which can be considered from different viewpoints, from the business firm to the employee in the firm’s customer. Ethics is a concept which finds its basis in the moral principles which have been accepted and advocated by society. Each aspect of ethical behaviour has been ingrained in the culture of human beings to essentially provide guidance in distinguishing what is wrong from what is right. Due to the high involvement of businesses within communities, they are also responsible for acknowledging and acting upon ethical behaviour. Although this appears to be within the common ground in the theoretical role and purpose of businesses in society, in practice this is not necessarily always the