Ethics & Professionalism
Definitions
Ethical behaviour → is acting according to a set of values that are morally acceptable
B Ethics → set of values of a B that displayed by B staff + are morally acceptable to
society & B
Professionalism → describes the internationally accepted standards + expectation that B's
and society are compotent and skilled in the workplace
Business (B) Practice → procedure + rules followed by B in order to obtain objectives
Corporate Governance → the exercise of ethical + effective leadership by people
managing B
Code Of Conduct → document that states acceptable behaviour in B
Annual General Meeting (AGM) → A meeting of a company attended by all the
shareholders that takes place once a year.
Unprofessional Practices → When people/the B do not act within the accepted standards
+ expectations, it is unprofessional behaviour.
Unethical Practices → When the B acts with a different set of values from what is morally
acceptable.
, Understanding Ethical +
Professional Behaviour
Meaning of Ethical Behaviour
• Bs always have the responsibility to do the right things and do the right things
• Ethical behaviour means Bs must use moral codes to guide their choices between
right + wrong.
• Ethics form part of the code of conduct of a B.
• The B must set values used in operations, acting as a moral compass.
Examples of Ethical + Unethical Behaviour
Ethical Behaviour
1. The B tells the truth during a public relations crisis.
2. Bs keep promises to employees, partners, + customers.
3. The B shows loyalty by making decisions that benefit staff, partners, investors, +
customers.
4. The B shows fairness in its dealings with stakeholders.
5. The B operates within the law + restrictions.
6. Bs ensure the environment is not polluted during production.
7. Bs do not engage in illegal B practices such as price-fixing.
8. Bs do not use child labour.
Unethical Behaviour
1. Dumping pollutants into water supplies rather than using eco-friendly solutions.
2. Releasing toxins into the air above permitted levels.
3. Falsifying information on tax returns.
4. Misclassifying employees as contractors to reduce payroll taxes.
Definitions
Ethical behaviour → is acting according to a set of values that are morally acceptable
B Ethics → set of values of a B that displayed by B staff + are morally acceptable to
society & B
Professionalism → describes the internationally accepted standards + expectation that B's
and society are compotent and skilled in the workplace
Business (B) Practice → procedure + rules followed by B in order to obtain objectives
Corporate Governance → the exercise of ethical + effective leadership by people
managing B
Code Of Conduct → document that states acceptable behaviour in B
Annual General Meeting (AGM) → A meeting of a company attended by all the
shareholders that takes place once a year.
Unprofessional Practices → When people/the B do not act within the accepted standards
+ expectations, it is unprofessional behaviour.
Unethical Practices → When the B acts with a different set of values from what is morally
acceptable.
, Understanding Ethical +
Professional Behaviour
Meaning of Ethical Behaviour
• Bs always have the responsibility to do the right things and do the right things
• Ethical behaviour means Bs must use moral codes to guide their choices between
right + wrong.
• Ethics form part of the code of conduct of a B.
• The B must set values used in operations, acting as a moral compass.
Examples of Ethical + Unethical Behaviour
Ethical Behaviour
1. The B tells the truth during a public relations crisis.
2. Bs keep promises to employees, partners, + customers.
3. The B shows loyalty by making decisions that benefit staff, partners, investors, +
customers.
4. The B shows fairness in its dealings with stakeholders.
5. The B operates within the law + restrictions.
6. Bs ensure the environment is not polluted during production.
7. Bs do not engage in illegal B practices such as price-fixing.
8. Bs do not use child labour.
Unethical Behaviour
1. Dumping pollutants into water supplies rather than using eco-friendly solutions.
2. Releasing toxins into the air above permitted levels.
3. Falsifying information on tax returns.
4. Misclassifying employees as contractors to reduce payroll taxes.
