Look at your personal code of ethics. Do you currently apply those at your workp

Question

Look at your personal code of ethics. Do you currently apply those at your workplace? In one page, compare and contrast your personal code of ethics statements with who you are at work and what you use to guide your actions and decision-making. Include a list “I will…” statements that reflect your professional code of ethics. (What you wrote down in Step 3 on the worksheet [refer to list below] will help you with this section.)

Step Three: Think about you at work. If you are not currently working, think about how you want to act at work. How do you interact with your coworkers, supervisors, and your clients? Write down all that is good and not so good about your work habits.

Respect the people irrespective of their capacity, social and economic status and love the work whatever you are doing, you may a housekeeper, you may be a film star, you may a sports player or you may be an American President. Just love the work whatever you are doing.

Explanation / Answer

Ethical codes are adopted by organizations to assist members in understanding the difference between 'right' and 'wrong' and in applying that understanding to their decisions. An ethical code generally implies documents at three levels: codes of business ethics, codes of conduct for employees, and codes of professional practice.

Code of ethics or a code of conduct? (corporate or business ethics)

Many companies use the phrases 'ethical code' and 'code of conduct' interchangeably but it may be useful to make a distinction. A code of ethics will start by setting out the values that underpin the code and will describe a company's obligation to its stakeholders. The code is publicly available and addressed to anyone with an interest in the company's activities and the way it does business. It will include details of how the company plans to implement its values and vision, as well as guidance to staff on ethical standards and how to achieve them. However, a code of conduct is generally addressed to and intended for employees alone. It usually sets out restrictions on behavior, and will be far more compliance or rules focused than value or principle focused. Also this code is good for the Non Governmental Organization.

Code of practice (professional ethics)

A code of practice is adopted by a profession or by a governmental or non-governmental organization to regulate that profession. A code of practice may be styled as a code of professional responsibility, which will discuss difficult issues, difficult decisions that will often need to be made, and provide a clear account of what behavior is considered "ethical" or "correct" or "right" in the circumstances. In a membership context, failure to comply with a code of practice can result in expulsion from the professional organization. In its 2007 International Good Practice Guidance, Defining and Developing an Effective Code of Conduct for Organizations, the International Federation of Accountants provided the following working definition: "Principles, values, standards, or rules of behavior that guide the decisions, procedures and systems of an organization in a way that (a) contributes to the welfare of its key stakeholders, and (b) respects the rights of all constituents affected by its operations."

thical codes are often adopted by management, not to promote a particular moral theory, but rather because they are seen as pragmatic necessities for running an organization in a complex society in which moral concepts play an important part.

They are distinct from moral codes that may apply to the culture, education, and religion of a whole society. It is debated whether the politicians should apply a code of ethics,or whether it is a profession entirely discretionary, just subject to compliance with the law: however, recently codes of practice have been approved in this field.

Often, acts that violate ethical codes may also violate a law or regulation and can be punishable at law or by government agency remedies.

Even organizations and communities that may be considered criminal in nature may have ethical codes of conduct, official or unofficial. Examples could include hacker communities, bands of thieves, and street gangs.

The Jewish Written Torah and Oral Torah comprise the earliest and best preserved ethical code. Adapted to every field of actual day-to-day life since thousands of years, Jewish Halakha is the oldest collective body of religious laws, laws and jurisdictions still in use.

Code of Professional Ethics to guide the professional and personal conduct of members of the association and/or its certification holders.

Failure to comply with this Code of Professional Ethics can result in an investigation into a member's or certification holder's conduct and, ultimately, in disciplinary measures.

Code of Ethics & Standards of Professional Conduct Practicing our values

Learn about important updates to the CFA Institute Code of Ethics and Standards of Professional Conduct that went into effect 1 July 2014

The Code of Ethics and Standards of Professional Conduct ("Code and Standards") are the ethical benchmark for investment professionals around the globe, regardless of job title, cultural differences, or local laws. As a CFA Institute member or CFA Program candidate, you are required to follow the Code and Standards.

What Does the Code and Standards Cover?

The Code of Ethics maintains that you must:

The Standards of Professional Conduct cover:

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