Thursday, June 13, 2019

ETHICS MANAGEMENT Essay Example | Topics and Well Written Essays - 750 words

ETHICS MANAGEMENT - Essay ExampleThe individual scenarios illustrate the importance of ethics in management in their day to day activities. The CFA Code of Ethics and Professional distribute is used as a guideline in resolving each given problem. The Code and Standardsserves as the good yardstick of investment professionals all around the world, setting aside the aspects of job title or position, cultural differences, or local laws. The values of integrity, competence, diligence, esteem, 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 are hereby applied in the sample problems in order to lick the ethical issues presented in this paper. Keywords ethics management, ethical dilemma, code of ethics, professional conduct, values, global investment ETHICAL MANAGEMENT This paper presents some of the viridity problems encountered in the professional environment by applying CFA Institute Code of Ethics and Standards of Professional Conduct to as a guide in order to resolve the ethical dilemmas. The CFA Code of Ethics emphasizes the values of integrity, competence, respect and how to maintain professional competence by placing the interests of the clients above individual interest. On the other hand, the CFA Standards of Professional Conduct highlights the values of professionalism, duties to clients, employers, colleagues, the integrity of capital markets, investment analysis and recommendations and conflicts of interest. Both are used as point of reference in resolving ethical dilemmas and ethical conflicts by applying ethical theories. Problems A & B As a barters representative, I am faced with the ethical dilemma of whether I should close the throne with Fortune 500 companion even if I know that the other 2,000 computers will be delayed in delivery and I will authorize a sizeable profit by receiving a big commission from such sale and will definitely boost the companys line option. As a mother of two children, my kids are entitled to receive support from me, the money that I will be earning will help our family to pay our daily expenses. On the other hand, I will be in violation of the Code of Ethics as I should act with integrity, competence, diligence and respect to my clients. I am expected to put the interest of client above my own personal interests(CFA Code of Ethics 2010). One of my duties to my clients is to be fair in all my dealings with them. In this case, if I pursue with the sale with personal knowledge that the other computer units will not be delivered on time, I am guilty of putting my personal interest above the interest of my client. The long term effect of this sale to Fortune 500 would mean that their company will incur losses because of the failure of delivery on the part of our company. Our company will stand to lose a valuable client if I choose to close the deal without in forming them that we cannot deliver on time and blame the delay to the manufacturer of computers. The short term effect will be advantageous on my part as I will receive a lucrative commission and the company will also benefit from the sale by receiving a boost in the companys stock price and help our executives who want to exercise stock options. In the end, my final termination will be to forego with the deal even if our company will stand to lose a reasonable amount of profit and also if I lose the chance to earn personal gain. The Standards of Professional Conduct requires that in cases of conflict of interest, I should make full and fair disclosure of all matters that could sanely be expected to impair my independence and objectivity or interfere with respective duties to my clie

No comments:

Post a Comment