▪Code of ethics is a set of rules about

good and bad behavior

▪ Which means “characteristic wat of thinking”
▪ Ethical issues of finance
▪ Ethical issues in human resource (HR)management
▪ Ethical issues in marketing and sales
▪ Ethical issues in production
▪ Adopt code of ethics (use the code of ethics of other companies as a reference)
▪ Offer training on ethics
▪ Hire and foster individuals with ethical value
▪ Deal with immoral activities(knowing consequences)
▪ Take constructive measures(rewarding for the good deeds)
▪ Carry out a social audit. Conduct survey to employees once in a while
▪ Cover all whistleblowers
▪ Empower the defenders of integrity(works with honesty)
▪ Ensures executive commitment
▪ Communicate the principles of conduct within the company and across the
industry
▪Assign an officer who is clearly for the
enforcement of ethical standards.
▪Establish a procedure for violations of ethical
standards and fully review any offenses
reported
▪ensure high perseverance by the company's
board of trustees
▪Lead by example, above everything else.
▪Is my decision truthful?
▪Is my decision fair the organization to all who
are affected by it?
▪Will this build the organization goodwill?
▪Will the decision benefits all parties with
vested everyone in the outcome?
▪ Vision -means something that you imagine, a picture that you see in your mind.
▪ Example ( to make innovation that everyone could access and adapt depending on
their needs)

▪ Values- values in business help to ensure that all of the employees work towards the
company goals
▪ ( value means something thought of as important or useful)

▪ Mission- a specific task which a person or a group is charged.

▪ example: to inspire all the young athletes of the country…tell them to dream and go for
it.
▪ Principle- moral rules or beliefs that help you know what is right and wrong and
that influence your actions
▪ Business ethics- this pertains to ethical guidelines and
moral or ethical problems that can occur in a business.
▪ responsibility- this refers to the duty or obligation to
satisfactorily perform or complete a task that is assigned
by someone or created by ones own circumstances which
one must fulfill.
▪ Accountability- it is the obligation of an individual or an
organization to account for activities and accept blame for
failure.
 bank

Savings
Investment
entrepreneur and loan
companies
association

Credit unions
▪ The general practice is that the customer or consumer
is always right. It is essential that the entrepreneurs
fulfill social responsibilities towards the customers or
consumers.
▪ The entrepreneur should avoid hoarding practice for
the sake of maximization of profits. They must promote
customer research so that they would know the
changes happening in desires, tastes, looks, and
designs.
▪ Entrepreneur have a huge role in the local community or
stakeholders. Whether it is the private or public sector, they
should make efforts to upgrade and improve the conditions
of surrounding areas like by offering employment and
helping the needy one.
▪ The business has also the responsibility of providing
employment to the members of the stakeholders. They can
also help improve standard of living by giving scholarship
grants to the children of the employees. They should also
promote good public relations to understand the feelings
and opinions of common people.