Chapter 6: Ethics, Proffesionalism And Social Responsability

Question 1

What is the aim of proffesional codes

Answer 1

To regulate the behaviour of people practicing a particular profession

Question 2

The 3 different ethical theories and what they are

Answer 2

1. Principle based theory
   - beliefs and values are set as rules about what’s right and wrong
2. Consequence based theory
   - outcome will be determined on ethics
3. Utilitarian theory
   - decision of what’s ethical or not is based on what’s good for the people

Question 3

Unethical behaviour in practice (4)

Answer 3

• conflict of interest
• bribes and corruption
• unauthorised use of funds
• inappropriate gifts

Question 4

Importance of the code of ethics (7)

Answer 4

• shows the ethical vision
• provides acceptable behaviour
• shows the consequences for unethical behaviour
• protects employee if they break the code
• helps business understand what’s acceptable if in a global operation
• shows the importance of csr

Question 5

JSE/FTSE

Answer 5

• gain points by contributing to csr
• high points confirms to shareholders that your accountable and transparent

Question 6

Aim of Global reporting initiative

Answer 6

• to promote reporting sustainable issues
• a npo