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Ethic Case

Essay by   •  November 26, 2012  •  Study Guide  •  449 Words (2 Pages)  •  942 Views

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1. The Fiduciary Principle refer to diligence and loyalty. Diligence would include ensuring that the employee actively promotes the interests of the company in a diligent and professional manner. From a loyalty perspective, the employee is expected to use his or her job title and the company resources available to him or her for company purposes only

2. The Property Principle refer to protection and theft. This principle is based on the belief that every employee should respect property as well as the rights of the owners of the property. Traditional examples violations of this principle include theft, misappropriation of funds, and wasting resources.

3. The Reliability Principle refer to Contracts Promises, Commitments. The principle is based on the belief that it is the employee's responsibility to honor the commitments he or she made to the firm. Traditional violations of this principle would include breaching a promise or contract or not fulfilling a promised action.

4. The Transparency Principle refers to truthfulness, deception, disclosure, candor and objectivity. The principle is based on the belief that every employee should conduct business in a truthful and open manner. It is expected that the employees will not make decisions based on personal agenda. Traditional violations of this principle include fraudulent and deceptive actions of the employee.

5. The Dignity Principle refers to Respect for the Individual, Health and Safety, Privacy and Confidentiality, Use of Force, Association and Expression, Learning and Development, and Employment Security. The principle is based on the belief that each employee needs to respect the dignity of all individuals. Protecting the dignity of people in society includes ensuring the human rights of health, safety, and privacy.

6. The Fairness Principle refers to fair dealing, fair treatment, fair competition, and fair process. The principle is based on the belief that stakeholders who have a vested interest in the firm should be treated fairly. It would also include ensuring that employees would not experience retaliation if they notify government officials of any legal violations.

7. The Citizenship Principle refers to Law and Regulation, public goods, cooperation with authorities, political noninvolvement and civic contribution. This principle is based on the belief that every employee should act as a responsible citizen in the community. It is also expected that employees respect the laws of the community. This includes not only criminal laws, but also competition, environmental, and corporate social responsibility laws.

8. The Responsiveness Principle address concerns and public involvement. The principle is based on the belief that employees have a responsibility to respond to requests for information about the operations from the various stakeholders.

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