廉政公署_誠ä&iquest

廉政公署_誠ä¿

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
A Practical Guide for Financial Practitioners Ethics in Practice Ethics in Practice
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
ETHICAL DECISION MAKING ETHICAL DECISION MAKING PART 3 PART 3
Image of page 2
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.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 4
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
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern