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Some ethical characteristics that you will want to aspire to include maintain competency, acting responsibly, and demonstrating exemplary Conduct.
Strong Values Statement A values statement is a brief, succinct description of the organization's values, the values that its employees are expected to uphold, and the goals of the products and services it offers. These statements become deeply ingrained principles that guide employee and organizational decisions and actions in the most ethical businesses.
A Well-Designed Code of Conduct A code of conduct is a written set of rules that, in conjunction with the values statement, serve as the organization's ethical road map. Instead of legalese, the best codes of conduct are comprehensive, well-organized document written in easy-to-understand language. A code of conduct usually takes many steps and requires a lot of input from all parts of the organization.
Taking the Lead: Executive Modeling It is common knowledge that ethics begin at the top. Unless top executives "live and breathe" the principles they espouse on a daily basis, no well-crafted values statement or code of conduct will be worth its weight in gold. Sharing examples of situations they've encountered that posed an ethical dilemma and how they chose the appropriate path when making decisions is a great way for CEOs, CFOs, and other key executives to set an ethical tone.
Case studies and real-world scenarios should also be included to teach employees how to make ethical and values-driven decisions about their job functions. Separate ethics and compliance training should also be conducted.
Establishment of a Confidential Reporting Mechanism Even organizations that place a high value on ethics are still likely to encounter instances of inappropriate behavior and ethical breaches at some point. When employees witness wrongdoing or are the victims of wrongdoing, setting up an anonymous third-party reporting hotline provides them with a private means of informing designated personnel within the organization.
Transparent Procedure for Investigating Ethics Violations Employees will be reluctant to use a hotline if they are concerned that their reports will simply vanish into a desk drawer. The most moral associations have a component set up to direct a brief, exhaustive, straightforward examination of all hotline reports with the goal that the issue can be settled in an impartial, convenient way
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