Ethics & Morality: Morality is a set of rules to guide the actions of individuals

Ethics & Religion: Ethics gets ideas from religion & through experiments it approves
them as Code of conduct

Ethics & Law: Law is a code of conduct which the authority in power prescribes for
society. It differs from Ethics in its option to use force when necessary

Ethics & Values: Values are deep-seated ideas & feelings that manifest themselves
as behavior or conduct Law + Knowledge = Ethics

Ethics & Related Terms

The 3 Cs of Business Ethics are
Compliance of laws, principles of morality &policies of the companyContribution to
society in terms of Quality ofproducts / services, employment etcConsequence of
business activity towardsenvironment, social responsibility towardsshareholders,
bankers, customers, employees &good public image
Business Ethics
good code of conduct should include certainmanagerial & employee guideline for
making ethicaldecisions.A typical code of ethics would include
Do not use abusive languageManage personal finance wellDemonstrate courtesy,
respect, honesty & fairnessExhibit good attendanceConduct business in
compliance with lawFollow all accounting rules & controlMake true claims in
product advertisements
Concept of New Ethics Ethical Dimension
actors for building an Ethical Infrastructure
Commitment from Top Management: Ethical behavior shouldbe fully supported by
top management by setting examples.Setting up of an ethics committee: which
looks into
Holding meetings to discuss ethical issuesDealing with grey areas
Communicating/enforcing the code of conduct to all employeesTracking violations

of the codesRewards / punishment for compliance / violationReporting to top

management on the ethics activities.
Code of Ethics
:To encourage ethical conduct, formal codes of ethics areframedA code of ethics
states an organizations basic & primaryvalues and rules of conduct

Concept of New Ethics Ethical Dimension

ommunicating Ethics
The best ethics program is one which is communicated welland easily understood
by allBoth written and verbal form of communication needs to
beadoptedCommunication needs to clear & crisp without any ambiguity
Ethics Training:
Effective ethics training should haveEmployee participation to exchange
viewsClarify ethical values & enhance awareness of ethicsDefine criteria for
ethical decision makingFocus on ethical issues of the organizationInvestigate
ethical environment of the organization,analysis, strategies, resources & goals an
upgrade themcontinuously.

Concept of New Ethics Ethical Dimension

07/26/12 21
Response & Enforcement
Implementing an ethical program is one of the biggestchallenges for an
organizationReward systems, incentives & penalties form a part ofenforcement

Concept of New Ethics Ethical Dimension