Thethical Code Of Business Ethics: Ethical Code Of Ethics

Our Code of Ethics and Business Conduct (the Code) speaks ethical conduct in our work environment, business practices and relationships with external stakeholders. This sets out the rules and regulations that all our employees will follow to regulate successful business. Everybody at the organization needs to abide by these rules and principles set, as we will have zero tolerance who disagrees to this.

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

This behind rationale this is that taking a close look at these cultures, varieties of norms, behaviors and values are highly observed. Hence, what we learn from the movie is that employees should be rewarded for their observed recognizable success. This should be done in careful examination of ethical climate and safeguards, which are put into place. Code of conduct should be regarded as outgrowth of company missions, visions, strategies and values hence thoughtful and effective corporate codes have to focus on enhancing guidance in making ethical business decisions in balancing conflict interests. It is of essential consideration that code of conducts need to be actual living documents that are highly encouraged and valued at the highest level. In upholding this seriousness of these observable codes, boards of members and senior executive have to set example for the type of conduct they expect of others. This should be promoted through ensuring that board of directors sign the Code of Ethics and have taken solemn

Introduction Letter from the CEO Hierarchy of Company Ethics Principles Our Purpose Our Values Our Principles Our Policies A. Respect of Government and the Law 1. Compliance With Legal Requirements 2. Accuracy of Company Books and Records • Books and Records • Disclosure Controls • Internal Controls 3. Securities Trading 4. Antitrust Policy and Compliance Guidelines 5. Lobbying 6. Political Contributions and Related Policies 7. Transacting International Business B. Respect in the Workplace 1. Behavior in the Workplace 2. Child Labor and Worker Exploitation 3. Wage and Hour Practices 4. Safety, Health and Environmental • Employee

An organization’s ethical behavior is an extension of its organizational culture. ‘Bank of America Corporation is committed to the highest standards of ethical and professional conduct’. The Code of Ethics provides the basic guidelines of business in the industry practice including professional and personal conduct. The code is to guide the organizational associates to comply with the ethical principles to perform their service at work place environment. Standards are included to avoid conflicts between personal interests and the interests of the Bank of America, its shareholders or customers; always keep information confidential and secure, properly caring and protecting the Bank’s property and assets; conduct personal financial affairs responsibly

Any organization operating in the global marketplace is subject toscrutinyy in the way it does business. This scrutiny can be both internal and/or external to the organization, with the advent of the internet and social media any infraction by an organization can be made public within seconds of it surfacing. To help offset negative public relations and to foster a working environment that employees, managers and major stakeholders can be proud of, codes of ethics are created as a set of guidelines for every involved stakeholder to follow and adhere to.

Adhering to professional ethics will strengthen the organization’s pursuit in compliance, marketing, and risk mitigation constructing guidelines for employees and stakeholders to follow. In facing the much-needed attention to the company and staff

When deciding what to do in certain situations, ethics is what guides an individual to act in a way that is good, or right. Those involved in business settings apply ethics to business situations, known as business ethics. It is expected of businesses, small and large, to follow business ethics. There is a particular framework businesses are to follow. However, the reoccurring news headlines of poor business ethics prove differently. Poor business ethics include bribery, corporate accounting scandals, and environmental issues.

Business ethics is where moral rules help guide business decision making. It is useful in a business as it helps them decide if a decision is right or wrong, honest and fair, even if the business is profitable or not. An ethical business decision may not always be the most profitable decision as the one that has the most benefit to the society could be at the top. (Connolly, 2011)

Organizations in the market are expected by the authorities and the public to behave ethically in the manner in which they undertake their activities. Acting responsibly and ethically means operating in a way that every stakeholder to the organization is content "Stakeholders are those individuals who are impacted by a company's operations. Based on the moral standards of trustworthiness, respect, responsibility, and caring, companies would appear to be required to address their obligations to their stakeholders" (Schwartz, 2002, p.30). Therefore, this means being consistent in actions that individuals and the society think are typically good values. Actually, this could go beyond the normal obligations toward the stakeholders like wages and reduce prices. So, businesses are considered to observe ethical behavior when they demonstrate the essential moral values at their workstations that include fairness, equality, honesty, dignity, and

Otherwise known as ‘Value statement’, this is a unique document that outlines a guide of principles that governs decision-making and help professionals in a work environment carry out business with honesty and integrity (Investopedia, 2015). Simply put, it is a guideline about good and bad behaviour in an organisation. This document summarises the mission and values of the business, company standards, ethical principles and the general approach that should be adopted in problem- solving (ibid.).

(b)Write out the one page (up to 500 words) definition of what is Ethics and what is Morality on the first page. You will need to include in your definition also Sacred Texts, Sacred People, the Ethic itself and Human Reasoning. (We will refer to this in class).

The particulars and specifics of the codes and standards mentioned may vary from organization to organization. They can differ from one organization to another because of differences in the management structure, cultural opinions and backgrounds, operational management, organizational behavior, strategic orientations and chain of command and operational structures and levels. Business ethics can be both written and unwritten codes of standards that are very vital to the organization in both its current activities and future activities and aspirations. The main framework or the main thread of business ethics is prevalent in all the levels of any organization. Business ethics is mainly about knowing and understanding the difference between the right and wrong actions and decisions. Business ethics instructs or specifies the moral standards and behavior aspects of every individual in the organization and the organization as a whole. It is not just determined and followed by just one person or by just one department in

Business ethics are moral and social responsibility that a business is supposed to have towards the community in general. Many companies are concerned about their social responsibility, particularly to the environment and their employees. Our values and morals are our personal guidelines that help us make decisions about what is right and what is wrong. Most companies have policies and procedures it is important for managers and employees to have guidelines to follow in the workplace. I think we all have encountered one of these bureaucracies throughout our lives such as factories, department stores, banks, hospitals, libraries and churches they have rules, regulations and standardized procedures to follow. The reason because there are

Business Ethics relates to policies and practices that regard potentially controversial issues. The business ethics will be the moral principles that will affect a business’s behaviour. Also most organisations pay their business managers to make decisions which will help the business to reach its aims and objectives. Businesses are part of the community therefore they are required to behaviour at a certain standard.