Ethics

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ROLE OF ETHICS IN BUSINESS:
Ethics Defined:

Ethics are principles based on doing the right thing. They are the moral values by which an individual or business operates. In theory, a business or individual can act ethically and still attain ultimate success. A history of doing the right thing can be used as a selling point to heighten a person's or organization's reputation in the community. Not only are ethics morally valued, they are backed by legal repercussions for failure to act within certain guidelines.

Finance Manager Ethics:

The ethics of a finance manager should be above approach. This includes more than just acting in an honest, above-board manner. It means establishing boundaries that prevent professional and personal interests from appearing to conflict with the interest of the employer. A finance manager must provide competent, accurate and timely information that fairly presents any potential disclosure issues, such as legal ramifications. The manager is also ethically responsible for protecting the confidentiality of the employer and staying within the boundaries of law.

Importance Of Ethics:
Businesses have to meet economic expectations, they also have ethical responsibilities. Everyone, from the bottom to the top of the organizational chart, must take care to meet these responsibilities. According to Dr. Jill Young, integrity is the most important ethical concept because it covers such a broad area. “If you act with integrity, ethical behavior is just a natural progression,” she says. “Those who have integrity are guided by a set of core principles that influences their decisions and behaviors.” What Role Should Ethics Play In Business?

Ethics are based on both individual beliefs and standards in society. They vary from person to person, situation to situation, and culture to culture. Society’s ethics are usually minimum standards for decency and respect of others. Individual ethics are personal beliefs about what is good and bad....
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