Principles of Business Ethics

Being involved in business, you need to have moral standards and ethics in your business of practice. Otherwise you run the risk of not having the security needed to work and build your business properly because you don’t have the right codes of ethics. What the code of ethics symbolizes is the ethical responsibilities of the company and the expectations of it’s employees. It describes what the rules, values and beliefs are, with the guidelines of the business and what is expected of the employees each day.

The ethics should be brief and have a positive tone to it and highlight the references that are linked to the procedures and policies. It needs to highlight what the acceptable behaviors are and push for high standards of the employee’s performance. It also provides the quality to be used for self evaluation and initiate the reasoning for professional responsibility. What is constructed in the code of ethics will be different in each industry, as they all have their own regulations, objectives and requirements. The principles of the company should be done in order of importance.

The ethics should describe what the organization’s pledge is towards safety, including a healthy workplace, which is free of discrimination and harassment. The environment of the workplace should be fair, diverse, a drug and alcohol free zone and should have a balance between the responsibilities of both work and family. In addition, the employees should be provided with the tools they need to perform their jobs.

There also should be a private and confidentiality records between the client and the employee. All personal and private records should be protected, secured and maintained. The confidential information should be only used for the actual business responsibilities. If any information is disclosed it needs to be authorized by the individuals.

All communication should be precise, transparent and truthful. All information that is public should be appropriate accurate, and valid. The management needs to be responsible for making the ethical decisions. All relationships with the vendor should be performed justly and fairly, especially when it comes to contract negotiations or conflicts of interest.

These ethics should be distributed to all the employees and be placed in the important locations of the workplace. The employees need to know what their obligations are and what their rights are if they need to report any type of problems or issues that they think is unethical. All employees need to know and understand that this code of ethics will be compulsory and any behavior that is unethical will be addressed in the organization. However, the code also needs to be looked at and reviewed on a regular routine basis and maybe annually if need be.

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