Professionalism And Ethics Flashcards
Principle based
Values or rules will determine if action is ethical or not
Consequence based
The outcome of the situation will determine if something is ethical or not
Utilitarian
Majority of the group thinks actions are justifiable
Narrative
Uses stories and organisational culture to illustrate to people what is acceptable behavior or not
Code of Ethics
Describes the principle that the business considers as important when decisions are made.
Code of Conduct
Will prevent negative behaviour
Corporate governance
Businesses being good citizens of the county, having stakeholders’ interest at heart, being aware of economic, social, and environmetal environments. Act in an ethical manner and meet legal requirements