Establishing a Code of Ethics Planning Implementation and...

Abstract This paper is designed and written for the purpose of establishing a code of ethics, its planning, and implementation and evaluation strategies within a company. After brainstorming about the ethical values for the company it will be easier for the company to support non-profit organization as much as possible. A-Develop an appropriate standards and procedures section, such as a code of ethics. This Code of ethics is supported by the following essential assumptions: For the purpose of achieving the objectives of the companies, ethics are very important among shareholders, owners, directors and management in the 21st century. Ethics play a vital role in guaranteeing and balancing the privileges and benefit of all stakeholders engaged in this process: Employees, customers, shareholders, supplier and business partners and the Culture at a huge level. Ethics assume exact agreement in and by the company with valid legislation, as well as with the Articles of Incorporation and policies for inside operations, where they survive, in the business. - Code of ethics inside the company requires that shareholders and owners play their role as guarantors of agreement in respect of duties for directors and management. - Even though this Code of ethics have been formed with the intention of being Suitable in general to all corporations, it should also be understandable in a common and basic structure subject to adaptation to the exact Conditions of everyShow MoreRelatedEthics vs. Profit857 Words   |  4 Pagesthe Case A large American company has chosen the decentralized form of organization and each manager is measured on the basis profit contribution, market penetration, and return on investment. If one fails to meet the objectives established, it is usually results in demotion or dismissal of center management. 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Reference toRead MoreOrganizational Control Essay1879 Words   |  8 Pagesmake sure that actual performance meets or surpasses objectives. It is well used for decision making and problem solving. Effective control depends on other management functions and it gives feedback to them. These functions are planning, organizing and leading. Planning sets directions and allocates resources. Organizing puts people and material resources together in working combinations. Leading motivates people to use these resources in the best way. Basically, the function of controlling is toRead MoreFinancial and Banking Institutions6081 Words   |  24 Pagesï » ¿Financial and Banking Institutions Abstract Ethics are regarded as principles guiding organizational internal conduct as well as the organizations relationship with clients, partners as well as shareholders. On the same note, core values are often summarized in the mission statement or in the companys statement of core values. In line with this, banks are required to have an ethical base and business decisions should not take place within the framework of anything goes. As a general principle