Code of Ethics and Conduct - Study Notes

Code of Ethics and Conduct - Study Notes - Tuesday 1 Codes...

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Tuesday, January 24, 2012 1) Codes of Ethics 2) Professional Ethics 3) Loyalty & Whistle-blowing CODE OF ETHICS AND CONDUCT All codes of ethics share a common structure: (every code of ethics have at least these 8 rules) 1) Obey all the relevant laws 2) No disgracing the business, organization, or profession a. What’s disgraceful behaviour? - Any of criminal activity is on the grounds for dismissal (getting fired) 3) Competence (cognitive & technical skills) and non-impairment 4) Diligence (hard-working-ness) 5) Honesty and full disclosure 6) No conflicts of interest a. Some codes say COI is not allowed b. Some codes say COI is okay if you fully disclose it, and there is universal consent of all stakeholders (everyone affected by a decision or action (stake/interest in the connection)) 7) Trustworthiness and confidentiality 8) Respect and collegiality towards your peers, colleagues, and clients DEOTOLOGY Rules to guide action CONSEQUENTIALIST Rules to ensure kind or quality of behaviour These rules (codes of ethics) show pieces from deontology, and consequentialist because they tell us how to behave Businesses have these 8 rules Professional Codes have further rules: 9) Some reference to upholding a public good (lawyers: justice, doctors: health, engineers: public safety, accountants: rights to property) 10) Advance the profession a. Mentor future members of the profession and help them develop b. Enhance public esteem for the profession ( 11) Reference to some kind of disciplinary mechanism and moreover a duty to report any violations to it Disciplinary Mechanisms for Code of Ethics - Difference between the business and professionals Business “Ombudsperson”: receives ethics complaints - VP of human resources or head of legal sometimes gets this job - These are the recommended people that deal with the issue, and it gets authorized by CEO (“ad hoc” (go to person) who then decides if they want to: o Fine o Take time off work with or without pay o Verbal reprimand o Firing with or without legal action (crime) Professional Formal, Quasi-legal - “Self - regulating” profession o It’s a club o They determine the membership
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Tuesday, January 24, 2012 o They determine criteria for such membership “moral fitness” (club has the right to kick you out if you behave immorally) - Formal, Quasi-legal mechanism - 1) Complaint you do something wrong - 2) Fact-finding (Commission of 3-5 senior mentors of the professions) - 3) Formal hearing you get a chance to defend yourself (usually lawyers involved), other side gets to prosecute - 4) Commission gives finding or judgment (and can’t be appealed, because its self-regulated) - Punishment (if found guilty): o Pay all the costs (lawyers fees, all the hearings etc…) o Process becomes public (everyone will know, might lost reputation) o Pay a fine o Suspension of your license (one of three ways: 1) “training wheels” lose independence/authority because you’re not trusted, 2) temporarily suspend your license (6 months is the norm), 3) permanent suspension of your license
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Code of Ethics and Conduct - Study Notes - Tuesday 1 Codes...

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