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Summary of Code of Ethics
What Is a Code of Ethics ?A code of ethics could be a guide of principles designed to assist professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are alleged to approach problems, the moral principles supported the organization's core values, and therefore the standards to which the professional is held.
A code of ethics, also noted as an "ethical code," may encompass areas like business ethics, a code of professional practice, and an employee code of conduct.
KEY TAKEAWAYS
- A code of ethics sets out an organization's ethical guidelines and best practices to follow for honesty, integrity, and professionalism.
- For members of a company, violating the code of ethics may result in sanctions including termination.
- In some industries, including banking and finance, specific laws govern business conduct. In others, a code of ethics is also voluntarily adopted.
- The main styles of codes of ethics include a compliance-based code of ethics, a value-based code of ethics, and a code of ethics among professionals.
- A focus on temperature change has become an integral a part of companies' codes of ethics, detailing their commitment to sustainability.
The Legal Profession Law
Lawyers, paralegals and other employees of the community are guaranteed to a general code of ethics. some of those governing ethics include: Confidentiality - Lawyers must maintain their clients' confidence the least bit times. Competence - Legal professionals must represent their clients with a high level of competence. Professional Courtesy - Lawyers must treat their colleagues with fairness and courtesy.
The medical community
The American Medical Association imposes a code of ethics on physicians. It addresses everything from interpersonal relationships with other staff members to information on patient care. For instance:
The Business World
- Trust - Doctors must instill a way of trust between themselves and their patients.
- Do No Harm - Doctors cannot engage in any activity that might cause harm to their patients.
- Privacy - Doctors cannot share the small print of their patients' medical treatments or histories without permission.
The Business World
Corporations and have codes of ethics to assist workers decide if certain behaviors are appropriate and acceptable when addressing clients and out of doors agencies. Many organizations require employees to attend yearly training on ethics and, in some cases, to sign statements promising to stick to any or all ethical guidelines laid out by the corporate.
Examples of ethics within the business world include:
Integrity - Employees should maintain honesty and clear communication within the workplace. Teamwork - Members of knowledgeable organization should work together to induce the task done. Objectivity - Employers shouldn't make career decisions supported whom they like best or with whom they need personal relationships.
Examples of ethics within the business world include:
Integrity - Employees should maintain honesty and clear communication within the workplace. Teamwork - Members of knowledgeable organization should work together to induce the task done. Objectivity - Employers shouldn't make career decisions supported whom they like best or with whom they need personal relationships.
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