Ask Business Law & Ethics Expert

Develop a Business Code of Ethics

Now that you have identified for your reader the details involved with your proposed business-related ethical issue, you must determine what rules need to be in place for the organization to eliminate or reduce this issue as a problem for the company going forward.

A code of ethics may help to eliminate some of the differences of opinion when faced with an ethical decision-making situation. Two intelligent professionals may view a situation differently. Their own morals and personal experiences may cause them to reach different conclusion as to acceptable behavior in the circumstance. A code of ethics will make clear what the right thing to do is in that situation.

When professional organizations create a code of ethics, this code serves the purpose of unifying or compromising differences in morality. Two people with differing personal values can share a set of values that they agree will promote their particular profession.

Why are the rules important? The rules are important because they promote a particular standard of ethical behavior. This means that the rules set a minimum standard, a baseline, with respect to certain levels of acceptable behavior expected of all members of the organization.

  • For Part 2 of this Assignment, you are to prepare a detailed code of ethics/code of conduct designed to address the ethical issue you described in Part 1. Use the Internet, the library, and other credible sources to find examples of existing codes of ethics/codes of conduct, for an idea of how to format or structure your code of ethics. Please tailor your code of ethics to the specific industry you have chosen for your fact scenario.
  • For this task, you can create a general code of ethics for those areas that do not deal with your chosen ethical issue. However, for those sections of your code of ethics that deal specifically with your chosen ethical issue, please make certain that you go into detail. For example, based on the General Gadgets, Inc., scenario discussed in Part 1, the code of ethics does not need to go into detail on the subject of conflicts of interest, but it should go into detail on the subject of marketing responsibly and securing the trust of customers.

Remember: Design your code of ethics to provide guidance for an employee faced with an ethical decision-making opportunity. Keep in mind that guidance does not mean that the code of ethics will always tell the employee specifically what he or she should do in every situation. However, it should provide sufficient direction that a thoughtful, well-meaning employee should be able to determine the course of action she or he should take, including seeking out advice from a superior, or a particular department or group within the organization.

Your proposed code of ethics should include comments for the sections addressing the ethical issue that is the focus of this assignment. Your comments should indicate why each provision is important, and how it is intended to address the chosen ethical issue.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M9814353

Have any Question?


Related Questions in Business Law & Ethics

Assignment -purpose - this significant task requires

Assignment - Purpose - This significant task requires forward planning and adequate time for research, reading and reflecting. The purpose of the assignment is to enable you to achieve outcomes in knowledge, skill and ap ...

Group report1 this group assignment consists of 2 parts

GROUP REPORT 1. This group assignment consists of 2 parts. Part A is a case study on contract law, and Part B is a question involving Corporations Law. Both questions must be answered. 2. The total word limit for the gro ...

Managing the legal environment assignment - research

MANAGING THE LEGAL ENVIRONMENT ASSIGNMENT - RESEARCH PROJECT Company: Nike (a) Summarise in about 250-500 words the characteristics/features of the organisation (you can choose a statutory/government body or select a bus ...

Corporations law - assignment questions -objectives -

CORPORATIONS LAW - ASSIGNMENT QUESTIONS - Objectives - Answer the following questions with reference to the relevant statute law and general common law principles operating in Australia concerning the consequences of the ...

Business law assignment question -mabo has been said to a

BUSINESS LAW ASSIGNMENT QUESTION - Mabo has been said to a cornerstone of the Australian legal system. Your response must discuss the following: 1. Discussion of the Mabo (No 2) case. 2. Explain the impacts of the case o ...

Assignment - advanced financial accounting1 classification

Assignment - Advanced Financial Accounting 1. 'Classification of liabilities is based on the same principles as the classification of assets.' Do you agree with this? Why or why not? 2. 'Classification of liabilities as ...

Property law for business assignment question -mrs betty

PROPERTY LAW FOR BUSINESS ASSIGNMENT QUESTION - Mrs Betty Joyce lives in an old, war-time vintage army shed in Baldivis. When she started to live in the shed, in the early 1960s, the whole area was a remote backwater. Si ...

Compare and contrast tort law and criminal law explain the

Compare and contrast tort law and criminal law. Explain the purpose of the law of torts in contract to the purposes of criminal law. Why are they different? Support your answer using specific examples from the textbook.

Assessment taskassignment questiondiscussi the main ways

Assessment Task Assignment question: Discuss: i. the main ways that a company may source finance; and ii. the benefits and costs associated with the main sources of corporate finance. Guidance - Students are to read text ...

Australian commercial and corporations law assignment -this

Australian Commercial and Corporations Law Assignment - This assignment deals with critical problem solving skills. This assessment tests course objectives addressing: Knowledge of relevant law, Application of the law to ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As