Code Of Ethics Ppt.pptx

CODE OF ETHICS INDIAN MANAGEMENT ETHOS & PRACTICES

ETHICS “ETHICS IS DETERMINING OR DECIDING WHAT IS RIGHT AND WHAT IS WRONG BASED ON MORAL PRINCIPLES. IT IS A BRANCH OF PHILOSOPHY WHICH STUDIES ABOUT HUMAN BEHAVIOUR AND MORAL PRINCIPLES RELATED TO WHAT IS

RIGHT AND WHAT IS WRONG”.

CODE OF ETHICS “A CODE OF ETHICS IS A FORMAL STATEMENT OF GROUP’S IDEAS AND VALUES”

CODE OF ETHICS IN BUSINESS

*Largely dependent upon a business's leadership *A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity.

*Breaking the code of ethics can result in termination or dismissal from the organization.

*In some industries, including banking, specific laws govern *Business conduct. In others, a code of ethics may be voluntarily adopted.

PURPOSE OF CODE OF ETHICS

*Compliance-Based Code of Ethics *Value-Based Code of Ethics *Code of Ethics Among Professionals *Handling Regulatory Issues *When Actions Seem Wrong

SCOPE OF CODE OF ETHICS

*Criminal behaviour and legal frame work *Human values and personal behaviour *An Individual’s Behaviour

EXAMPLES OF CODE OF ETHICS * Act with integrity, competence, diligence, respect and in an ethical manner with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets.

* Place the integrity of the investment profession and the interests of clients above their own personal interests. * Use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities.

* Practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession.

* Promote the integrity and viability of the global capital markets for the ultimate benefit of society. * Maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals.

CODE OF ETHICS & CODE OF CONDUCT Basics for comparison Meaning

Code Of Ethics

Code Of Conduct

An aspirational document, issued by A directional document containing

the board of directors containing core specific practices and behaviour, that ethical values, principles and ideals of are followed or restricted under the the organization is Code of Ethics.

organization is Code of Conduct.

Nature

General

Specific

Scope

Wide

Narrow

Governs

Decision making

Actions

Length

Short

Comparatively longer

Publicly disclosed.

Employees only.

Disclosure

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