W3 Lesson 4.2 Code of Ethics in Business

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Business Code of Ethics and

Professional Right Conduct


BUSINESS ETHICS ABM - 12
Professionalism
is the conduct, aims or qualities that
characterize or mark a profession or
professional person. It implies there is a
quality of workmanship or service. But in
reality, it’s more about ethical behavior in
the workplace

Unprofessional
the common term use for a person
who does not act or behave
accordingly.
“Oh, that’s so unprofessional to act
like that.”
“A poor breeding of his/hers.”
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BCE and PRC
A business code of ethics and professional
conduct outlines the ethical principles
that govern decisions and behavior at a
company or organization. They give
general outlines of how employees should
behave, as well as specific guidance for
handling issues like harassment, safety,
and conflicts of interest.
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CanYou Combine a Code of
Conduct and Code of Ethics?

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Yes.
in most cases businesses will combine both of these
documents into one as there is significant overlap
between them. It is rare to find businesses that have two
separate policies. Whilst they are technically different
documents, employees will have less difficulty recalling
important points around conduct and ethics if they have a
single document to refer to..

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Common
Practices in
Business
Organizations

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Decorum
is defined as appropriate,
polite behavior in society.

In a business
organization it is
behavior towards your
superiors, co –
employees and clients.

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Protocols
can be defined as the
proper procedure of
conduct or is simply a
set of rules that
describe the standard
way to approach a task

bizfluent.com
etraining.communityd
oor.org.au
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Policy/-ies
managemenstudyguide.com

Business policies are


the guidelines developed
by an organization to
govern its actions. They
Dreamsite.com define the limits within
which decisions must be
made. Business
policy also deals with
acquisition of resources
with which
organizational goals can
be achieved.
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Marketing
mbaskool.com

Market conduct refers to


the pricing and promotion
strategies followed by the
players in the market in
terms of their aims,
objectives and decision-
making process. Market
conduct is, in fact,
driven by regulations and
policies and these
policies in a way
decide market performan
ce.
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Bookkeeping

You must approach all tasks


with integrity. This means
being straightforward and
honest in your tasks, and with
the people you are dealing
with.

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Documentation

Proper records
based on facts.
It may include
secrecy or
exclusivity of
information.
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Reportorial
Requirements

Securing reports for


BIR, SEC, GSIS, SSS,
Philhealth Pag- ibig etc.
Annually these are
being updated if the
company is still in line
with the governing
agencies.
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Sample
Code of
Ethics

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Code of Ethics and Professional Conduct Sample
Template:
1. Be inclusive.
We welcome and support people of all backgrounds and
identities. This includes, but is not limited to members of any
sexual orientation, gender identity and expression, race,
ethnicity, culture, national origin, social and economic class,
educational level, color, immigration status, sex, age, size, family
status, political belief, religion, and mental and physical ability.
2. Be considerate.
We all depend on each other to produce the best work we can
as a company. Your decisions will affect clients and colleagues,
and you should take those consequences into account when
making decisions.
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3. Be respectful.
We won't all agree all the time, but disagreement is no excuse for disrespectful
behavior. We will all experience frustration from time to time, but we cannot allow
that frustration become personal attacks. An environment where people feel
uncomfortable or threatened is not a productive or creative one.
4. Choose your words carefully.
Always conduct yourself professionally. Be kind to others. Do not insult or put down
others. Harassment and exclusionary behavior aren't acceptable. This includes, but
is not limited to:
•Threats of violence.
•Insubordination.
•Discriminatory jokes and language.
•Sharing sexually explicit or violent material via electronic devices or other means.
•Personal insults, especially those using racist or sexist terms.
•Unwelcome sexual attention.
•Advocating for, or encouraging, any of the above behavior.

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5. Don't harass.
In general, if someone asks you to stop something, then stop.
When we disagree, try to understand why. Differences of opinion
and disagreements are mostly unavoidable. What is important is
that we resolve disagreements and differing views constructively.
6. Make differences into strengths.
We can find strength in diversity. Different people have different
perspectives on issues, and that can be valuable for solving
problems or generating new ideas. Being unable to understand why
someone holds a viewpoint doesn’t mean that they’re wrong.
Don’t forget that we all make mistakes, and blaming each other
doesn’t get us anywhere.
Instead, focus on resolving issues and learning from mistakes.
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What to Include Your Code of Ethics and
Professional Conduct:

A code of ethics and professional conduct consists


of four key sections detailed below. You can cover
all of them in a short summary Code of Ethics and
Professional Conduct as we have above, or expand
on them in detail so employees are clear on how
to handle many common situations.

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1. The work environment.
Employees should act with integrity, comply with laws, maintain a
professional work environment and comply with company policies.
They should treat customers, colleagues, and partners ethically at all
times
Work Environment Code of Conduct Topics:
•Equal opportunity.
•Discrimination and harassment.
•Violence policy.
•Safety policy.
•Substance abuse.
•Gambling policy.
•Privacy policy.
•Misconduct explanation and policy.

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2. Conflicts of interest.
A company's reputation depends on the actions and
integrity of its employees. It is essential that they avoid
relationships and activities that hurt, or appears to
hurt, their ability to make objective and fair decisions.

Conflict of Interest Code of Conduct Topics:


•Corporate asset contributions.
•Running for public office.
•Insider trading and financial interests.
•Investments in companies employees do business
with.
•Employee political interests.
•Significant financial interests in other companies.
•Securities transactions.
•Taking out loans.
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3. Protecting company assets.
Employees should always act to protect company assets,
including physical, intellectual, and electronic or digital
properties.
Company Assets Code of Conduct Topics:
•Preparing, maintaining, and disclosing
accurate records.
•Information security.
•Protecting communication and
information technology systems.
•Protecting external communications.
•Use of company property.
•Use of property owned by others.
•Facility security.
•Protecting intellectual property. TREY
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4.Anti-bribery and corruption.
A company's integrity is essential for maintaining
trustworthiness and reputation. Employees should
always do their work fairly, honestly, and legally.

Anti-Bribery and Corruption Code of Conduct Topics:


•Doing business with governments.
•Choosing and maintaining service providers.
•Receiving gifts and entertainment.
•Loans, bribes, and kickbacks.
•Relationships with former employees.
•Obligations of departing and former employees.
•Interaction with competitors.
•Relationships with affiliates, international entities,
and customers.

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5. Attendance and punctuality.
Employees are expected to be regular and punctual in attendance. This means
being in the office, ready to work, at starting time each day. Absenteeism and
tardiness burden other employees and the company.
6. Absence without notice.
Employees who are unable to work due to illness or an accident should notify
their supervisor. This allows the company to arrange for coverage of their duties
and helps others continue to work in their absence. If an employee does a
report for work and the company is not notified of an employee's status for 3
days, it is typically considered a job abandonment.
7. General harassment and sexual harassment.
This company is committed to providing a work environment free of
discrimination and unlawful harassment. Actions, words, jokes, or comments
based on an individual’s sex, race, ethnicity, age, religion, or any other legally
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8. Cell phone use at work.
Personal cell phone usage during work hours is discouraged, except in
extreme cases such as an emergency.
9. Dress code.
A professional appearance is important when employees work with
customers or potential customers. Employees should be well groomed and
dressed appropriately for the business and for their position.
10. Substance abuse.
The manufacture, distribution, possession, sale, or purchase of controlled
substances of abuse on company property is prohibited. Being under the
influence of illegal drugs, alcohol, or substances of abuse on company
property is prohibited. Working while under the influence of prescription
drugs that impair performance is prohibited.
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11. Tobacco products.
The use of tobacco products on company property, outside of
permitted areas, is specifically prohibited.
12. Internet use at work.
Employees may use the Internet when appropriate to access
information needed to conduct a business company business.
Use of the Internet must not disrupt or injure the company
computer network. Use of the Internet must not interfere with
an employee's productivity.

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How to Write a Code of Ethics and Code of Conduct:

1. Review your mission statement and core values.


The goal of a code of ethics is to help employees make decisions that are in line
with what the company or organization values. This should be distilled into your
mission statement and core values, so it's a good place to start.
2. Talk to stakeholders.
What do management, employees, and clients think are the most important
values of the company to uphold? Get input from everyone involved to be sure
your code reflects what the company stands for. You can have them all look at a
code of conduct template to get ideas for how their own might look like.
3. Review past ethical issues.
Where has your company faltered with ethics in the past? Where has it shined?
Call attention to problem areas and reinforce the strengths you already have.
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4. See where other companies have faltered.
Have other companies in your industry had recent ethical failures?
Avoid the same pitfalls by covering these issues in your code.
5. Create a draft code for input and discussion.
Give everyone a chance to help decide on the contents of the code
of ethics by inviting them to discuss and give input on a draft.
6. Create a final draft and share it.
Once you've got a final draft approved, share it throughout the
organization. Also, make sure that a copy of it is added to
your employee handbook.

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https://www.betterteam.c
om/code-of-ethics-and-
professional-conduct

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