PROFESSIONAL ETHICS:

MEANING

• Ethics (also known as moral philosophy) is a branch of philosophy which seeks

to address questions about morality; that is, about concepts such as good and bad,
right and wrong, justice, and virtue. It is the Ability to distinguish between the
right and the wrong and an Integral part of life

• Professional ethics concerns the moral issues that arise because of the specialist
knowledge that professionals attain, and how the use of this knowledge should be
governed when providing a service to the public.

ETHICS FOR CORPORATES:

These are based on principles of integrity and fairness to be followed under a
professional setup.

Focuses on -
Stakeholders, and employees.Quality of product and servicesCustomer
satisfaction.Community and environment. These comprise of the following values:

• Fair Dealing
• Individual Responsibility and Accountability
• Respect for Others
• Compliance with Applicable Laws and Regulations
• Commitment
• Ethical Conduct of Research
• Records: Confidentiality/ Privacy and Access

NEED FOR ETHICS:

• Define the framework of the acceptable behavior.

• Follow high standards of practice.
• Create benchmarks for self evaluation.
• Enhance sense of community.
• Create transparency in the business activities.
• Foster higher standards of business ethics.
• Comply with government laws and norms.

INDIAN SCENARIO :Indian business culture puts a premium on favors, friendship

and clanship. Friendship is highly valued, whether based on multigenerational family
friendships, school friendships or personal friendships. The Western concept of conflict
of interest does not always mesh well with the Indian value of loyalty.

Professional ethics is the need of the hour in India

When a person is at the work spot, he must think of his work only.
He must put his heart & soul into the work
Each employee is a organic part of the organization & must strive to contribute his mite
to the successful functioning of the organization.

Gilligan’s Theory of Moral Judgmen : Conflict between Self and Others

– Level One: Centered on Self: Transition is Selfishness to Responsibility

– Level Two: Goodness as Self Sacrifice: Transition is Goodness to Truth
– Level Three: Care as Universal Obligation: Transition is Self and Others
Independent.

Five Ethical Principles:

Respect Autonomy
It is assumed that individuals have the right to decide how they live their lives, as long as
their actions do not interfere with the welfare of others. One, therefore, has the right to
act as a free agent, and has freedom of thought and choice.

Do No Harm
The obligation to avoid inflicting either physical or psychological harm on others may be
a primary ethical principle.

Benefit Others
There is an obligation to improve and enhance the welfare of others, even where such
enhancements may inconvenience or limit the freedom of the person offering the
assistance.

Be Just
To be just in dealing with others assumes equal treatment of all, to afford each individual
his or her due portion, and in general, to observe the golden rule.

Be Faithful
One should keep promises, tell the truth, be loyal, and maintain respect and civility in
human discourse. Only in so far as we sustain faithfulness can we expect to be seen as
truly trustworthy.

ETHICS CHECKLIST:

• Is it Legal?
Will I be violating any civil law or institutional policy?
• Is it balanced?
Is it fair to all concerned?
Does it promote win/win situations?
• How will it make me feel about myself?
Will I be proud?
Would I feel good if my hometown newspaper published my decision?
Would I feel good if my family know about my choice?

PROFESSIONAL BODIES:

A professional association (also called a professional body, professional organization,

or professional society) is a non-profit organization seeking to further a particular
profession, the interests of individuals engaged in that profession, and the public
interest.

ROLE :

The roles of these professional associations have been variously defined: "A group of
people in a learned occupation who are entrusted with maintaining control or
oversight of the legitimate practice of the occupation;"also a body acting "to
safeguard the public interest;"organizations which "represent the interest of the
professional practitioners," and so "act to maintain their own privileged and powerful
position as a controlling body.

Principals for ethically run Business:

Principle 1 – Productivity Is Much More Important Than Profitability

Principle 2 – The Customer Is Not Sheep That Can Be Sheared
Principle 3 – The Buyer's Domain Is More Important Than the Middlemen's
Domain
Principle 4 – Be Diplomatic With Your Competitors
INTEGRITY MODEL:

Priorities
1 Self-
Reflection
Action
2
Evaluation
Integrity

Values

Beliefs 3
Decision
Making