Ethics: Difference between revisions
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imported>Doug Williamson (Expand. Source: Institute of Business Ethics.) |
imported>Doug Williamson (Link with Business ethics and Ethical business pages.) |
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== Definitions of ethics == | == Definitions of ethics == | ||
#Moral principles. | #Moral principles. | ||
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== Characteristics of ethical issues == | == Characteristics of ethical issues == | ||
The Institute of Business Ethics (IBE) identifies the following characteristics, to help | The Institute of Business Ethics (IBE) identifies the following characteristics, to help to determine whether a business issue is an ethical issue. | ||
If one or more of these characteristics is present, it is likely to be an ethical issue: | |||
* One individual's 'right' decision about the issue may not be the same as another's 'right' decision. | |||
The issue: | |||
* raises moral questions | |||
* is not covered by law | |||
* compromises personal or organisational values | |||
* is against any code of ethics or code of practice | |||
* involves personal duties and responsibilities or | |||
* provokes the responses 'should I?' or 'ought I?' | |||
== Tests of ethical behaviour == | |||
The IBE has identified a number of key tests to help to determine whether a course of action, or inaction, is ethical: | |||
* Is the action legal, transparent and fair? | |||
* Who will it affect? | |||
* Who benefits? | |||
| Line 20: | Line 32: | ||
* [[ACT Competency Framework]] | * [[ACT Competency Framework]] | ||
* [[ACT Ethical Code]] | * [[ACT Ethical Code]] | ||
* [[Business ethics]] | |||
* [[Code of practice]] | * [[Code of practice]] | ||
* [[Corporate governance]] | * [[Corporate governance]] | ||
* [[Corporate social responsibility]] | * [[Corporate social responsibility]] | ||
* [[Ethical business]] | |||
* [[Agency risk]] | * [[Agency risk]] | ||
Revision as of 09:00, 16 December 2015
Definitions of ethics
- Moral principles.
- Principles which govern the conduct of any individual or corporate member of a professional organisation.
Characteristics of ethical issues
The Institute of Business Ethics (IBE) identifies the following characteristics, to help to determine whether a business issue is an ethical issue.
If one or more of these characteristics is present, it is likely to be an ethical issue:
- One individual's 'right' decision about the issue may not be the same as another's 'right' decision.
The issue:
- raises moral questions
- is not covered by law
- compromises personal or organisational values
- is against any code of ethics or code of practice
- involves personal duties and responsibilities or
- provokes the responses 'should I?' or 'ought I?'
Tests of ethical behaviour
The IBE has identified a number of key tests to help to determine whether a course of action, or inaction, is ethical:
- Is the action legal, transparent and fair?
- Who will it affect?
- Who benefits?
See also
- ACT Competency Framework
- ACT Ethical Code
- Business ethics
- Code of practice
- Corporate governance
- Corporate social responsibility
- Ethical business
- Agency risk
