廉政公署_誠ä&iquest

廉政公署_誠ä¿

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A Practical Guide for Financial Practitioners Ethics in Practice Ethics in Practice
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ETHICAL DECISION MAKING ETHICAL DECISION MAKING PART 3 PART 3
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B rief Notes 43 The laws and the codes of conduct cannot provide guidance to every ethical concern. Financial practitioners are required to exercise personal judgement in dealing with the ethical issues which may put their decisions at stake. An ETHICS PLUS decision making model developed by the ICAC is a helpful tool for tackling and resolving ethical issues. The decision making model is a thinking process to help financial practitioners reach a chosen course of action in a structured and systematic way.
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3.1 Introduction In the scenarios discussed in the previous section, it is clear that financial practitioners are required to exercise their personal judgement in resolving ethical dilemmas which occur during the course of duty. How to make an ethical decision can be a difficult task. The need to build up skills related to sound judgement is, therefore, of paramount importance in handling ethical dilemmas properly at work. 3.2 ETHICS PLUS decision making model The Independent Commission Against Corruption (ICAC) has developed an ETHICS PLUS decision making model which is a helpful tool in resolving ethical issues. This decision making model delineates the thinking process and standards that can be used by financial practitioners in arriving at a sound decision in the face of an ethical dilemma. 44
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45 ETHICS PLUS decision making model 1. The ETHICS process - Six major steps to follow E stablish the relevant facts and identify the ethical issues involved T ake stock of all stakeholders or parties involved H ave an objective assessment for each stakeholder’s position I dentify viable alternatives and their effects on the stakeholders C ompare and evaluate the likely consequences of each alternative with reference to the standards expected (PLUS factors below) S elect the most appropriate course of action 2. The PLUS standards - Four key factors to consider P rofessional/Trade-related/Company code of conduct
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This note was uploaded on 02/04/2012 for the course GECC 1130 taught by Professor Ccstaff during the Fall '10 term at CUHK.

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廉政公署_誠ä¿

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