rofessionalism
& thics
(3.1)
Ethical & Professional Behaviour
Ethical Behaviour
➢ Biz’s have the resp 2 use moral codes that guide them 2 make choice btwn right & wrong.
➢ Part of the COC & biz must set values that will be used in their ops.
Examples ~ Ethical
- Biz don’t make use of child labour.
- Biz don’t engage in illegal biz practices such as price-fixing.
- Biz operates within law & other restrictions
Examples ~ Unethical
- Engaging in price-fixing 2 force smaller competitors out of biz.
- Deliberately falsifying info on tax returns.
Professional Behaviour
➢ Includes issues → appearance, communication, responsibility, skills, etc.
Examples:
Professional
- Treating all colleagues & clients the same.
- Taking resp for your actions.
- Using polite language with colleagues & clients.
Unprofessional
- Using rude/impolite language with coll & clients.
- Giving some people special favours.
, Difference Between Ethical & Professional Behaviour
Ethical Behaviour Professional Behaviour
- Refers 2 the principles of Right & - Refers 2 what is Right/Wrong/Acceptable in a
Wrong/Acceptable in SOCIETY. BUSINESS.
- Conforms 2 set of values that are morally - Set of standards of expected behaviour.
acceptable.
- Forms part of the COC 2 guide emp’s to act - Applying COC of a profession/biz.
ethically.
- Focuses on dev a moral compass for decision - Focuses on upholding the reputation of the biz.
making.
(3.2)
King Code Principles
Aims to set a Code for Ethical and Effective Leadership by the Board of Directors
Application of Principles
Transparency
- Decisions/Actions must be clear 2 all s’holders.
- Staffing & other processes should be open & transparent.
- Auditing & other reports must be accu, avail 2 s’holders & emp’s.
- Reg audits should be done 2 determine the eff’ness of the biz.
- Biz deals should be conducted openly so that there is no hint/sign of corrup/d’hon
Accountability
● Biz should be accountable & resp for their decisions/actions.
● Biz should present accu annual reports 2 s’holders at the AGM.
● The board should ensure that Comp’s ethics are effectively implemented.
● Must be regu communi btwn mngmt & s’holders.
● Comp should appoint Int & Ext auditors 2 audit Fs’s.
& thics
(3.1)
Ethical & Professional Behaviour
Ethical Behaviour
➢ Biz’s have the resp 2 use moral codes that guide them 2 make choice btwn right & wrong.
➢ Part of the COC & biz must set values that will be used in their ops.
Examples ~ Ethical
- Biz don’t make use of child labour.
- Biz don’t engage in illegal biz practices such as price-fixing.
- Biz operates within law & other restrictions
Examples ~ Unethical
- Engaging in price-fixing 2 force smaller competitors out of biz.
- Deliberately falsifying info on tax returns.
Professional Behaviour
➢ Includes issues → appearance, communication, responsibility, skills, etc.
Examples:
Professional
- Treating all colleagues & clients the same.
- Taking resp for your actions.
- Using polite language with colleagues & clients.
Unprofessional
- Using rude/impolite language with coll & clients.
- Giving some people special favours.
, Difference Between Ethical & Professional Behaviour
Ethical Behaviour Professional Behaviour
- Refers 2 the principles of Right & - Refers 2 what is Right/Wrong/Acceptable in a
Wrong/Acceptable in SOCIETY. BUSINESS.
- Conforms 2 set of values that are morally - Set of standards of expected behaviour.
acceptable.
- Forms part of the COC 2 guide emp’s to act - Applying COC of a profession/biz.
ethically.
- Focuses on dev a moral compass for decision - Focuses on upholding the reputation of the biz.
making.
(3.2)
King Code Principles
Aims to set a Code for Ethical and Effective Leadership by the Board of Directors
Application of Principles
Transparency
- Decisions/Actions must be clear 2 all s’holders.
- Staffing & other processes should be open & transparent.
- Auditing & other reports must be accu, avail 2 s’holders & emp’s.
- Reg audits should be done 2 determine the eff’ness of the biz.
- Biz deals should be conducted openly so that there is no hint/sign of corrup/d’hon
Accountability
● Biz should be accountable & resp for their decisions/actions.
● Biz should present accu annual reports 2 s’holders at the AGM.
● The board should ensure that Comp’s ethics are effectively implemented.
● Must be regu communi btwn mngmt & s’holders.
● Comp should appoint Int & Ext auditors 2 audit Fs’s.
