Intro: Good afternoon everyone. Welcome to our presentation with the title of “Code of Ethics”.

First let me introduce

(Ice breaker time)

Let us start with giving you an overview about Ethics in Business.

At the end of presentation, you will be able to

 Define ethics
 Explain why ethics is important in business and
 Classify the given ethical issues

A secret to success lies in recognizing the value of ethics in industry. The customers, management, and staff value
honest and ethical practices. Hence, business ethics is vital because it helps maintain a great reputation, helps to avoid
significant financial and legal issues, and ultimately benefits all involved. Therefore, it is highly suggested that each
company formulates its own Code of Ethics to be used as a guide in its business operation.

The term Ethics is derived from the Greek word ethos which means “characteristic way of thinking”. Ethics, as a science,
does not only evaluate the morality of our human conduct but also provides us with a common understanding of the
universal, objective and irreversible. Ethics are moral principles that guide the conduct of the individual.

Ethics is processing of questioning, discovering and depending our values, principles and purpose. It’s about finding out
who we are and staying true to that in the face of temptation.

ETHICAL CODE OR CODE OF ETHICS are principles adopted by an organization to assist those in the organization called
upon to decide, it is about understanding the difference between “right” and “wrong” and to apply this understanding
to their decision.

In addition, Code of ethics is a written set of guidelines issued by an organization to its workers and management to
help them conduct their actions in accordance with its primary values and ethical standards.

Code of Ethics contains the following:

1. Vision- means something that you imagine; a picture that you see in your mind. The vision statement helps to ensure
the alignment of the decisions to the company goals.

Example: To make innovations that everyone could access and adapt depending on their needs.

Explanation: So yung vision would serve as also a way, magtuturo kung saan dapat papunta yung behavior, actions and
decisions or yung organization mo

2. Values- means something thought of as important or useful. Values in business help to ensure that all of the
employees work towards the company goals.

Example: We commit ourselves to serve our customers with quality service and utmost respect

Explanation: Ano ba yung pinapahalagahan mo or nang business mo. Pinaka importante your people are aware with
your values with the things that you value in your organization or in your life. Importante yon kasi if you are not aware
with the values or every employee is not aware with the values hindi nila malalaman kung ano ba ang dapat nilang
gawin.

3. Mission- a specific task with which a person or a group is charged. The mission statement clearly and effectively
guides the business or the organization in its decision-making.

Example: To inspire all young athletes of the country, tell them to dream and go or it

Explanation: Dahilan bakit mo ba siya ginawa o binuo

4. Principles- moral rules or beliefs that help you know what is right and wrong and that influence your actions

Example: Customers have to be respected and make sure to deliver quality product.

Why is Ethics important in business? - Ethical conduct, whether at the corporate, professional, or personal level, is a
direct reflection of the principles and values which regulate the person and the institution he/she represents.
Organizations establish their own culture that is socially expressed as their ideals. Such principles or ideals have an
impact on the relationships within the company, efficiency, prestige, performance and retention of employees, legalities,
and the wider community they work in.
Is it important to have ethics in business? Yes, because ethical conduct is a direct reflection of the principles and values
which regulate the person and the institution he or she represents.

How to apply Ethics? - At the individual level, organizations ought to concentrate on improving and encouraging every
employee to respect and adhere to ethical principles. Certain aspects of individual ethics have their roots in the
individual. Achieving a strong sense of professionalism and recognizing certain professional decisions' ethical
implications are the key components of education, individual reflection, and experience.

First, Determine the minimum level that your ethical business approach should aim to achieve.

Explanation: Using this you can build a set of ethical standards that you will follow when making business decision

The second one is consider the impact.

Explanation: Ano ba ng magiging impact ng business ethics na ito sa gagawin mo, ano ang impact nito sa business mo o
sa employees or sa community na kinabibilangan ng business. So you have to identify ano ba ang magiging epekto ng
ethics na binuo mo sa mga tao around your business

Third is develop a set of key strategies that you can use to implement your ethical standards into your business
operations

Explanation: You need to clearly affect and affectively communicate your expectations to your employees. Dapat
malinaw sa employado mo na ano ba yung gusto mong maging resulta.

Lastly, Developing an ethical code of conduct in the form of a document

Explanation: Dapat kailangan, there must be a written document which contain the ethical code of your business. It can
be distributed to your team and can be an effective way to do this.

Ethical principles in business

1. Honesty- requires a commitment to telling the truth, regardless of the consequences. It encourages trust among
colleagues and between a business and the public. Everyone in an organization benefits from honesty. Employees want
to work for honest leaders, business owners want honest employees and clients want to do business with honest
partners. This means sharing favorable and unfavorable news with the same candor and directness, leading to a
reputation of reliability.

2. Integrity- Having integrity means adhering to a set of moral standards at all times, even if no one is aware of your
choices. Others notice when you live and work with integrity, which leads to respect and confidence in your decisions.
This applies to people who work with others and those who work alone, as strong integrity can influence your honesty
and obedience to rules and regulations.

3. Loyalty- means remaining faithful to business partners, coworkers and clients to demonstrate your commitment. You
can develop lasting partnerships and a firm foundation for future success when you prove your alliance and honor these
agreements. This can extend to maintaining relationships with suppliers, sharing a promotion opportunity with
coworkers in your department or honoring financial commitments to the community.

4. Creation of ethical practices- Companies must do more than hope for their organization to operate ethically. Leaders
might develop a defined code of ethics for their business practices and share this with all employees. Consider using a
consulting firm to help craft a thorough and specific set of ethical practices. Explaining exactly what a company expects
of employees reduces stress and confusion, creating clear expectations and a shared mission for everyone.

5. Compliance- The most basic level of ethical business practices means complying with any laws related to your
business. From international trading regulations, state tax codes and local building ordinances, companies must ensure
all practices adhere to these guidelines. Often, legal regulations can serve as the beginning framework for an
organization's code of ethics. By starting at the macro level, companies can use these industry regulations as an outline
to devise more specific policies and procedures.

Examples of Ethical Issues in Business

(BASAHIN SA PPT ANG TEXT, PAGKATAPOS BASAHIN BUMALIK SA REVIEWER PARA SA EXPLANATION)

1. Explanation: Ethical issues in finance very common, binigyan ka ng nanay mo ng baon then pumasok ka ng school and
then nalaman mon a walang pasok. Paano papasok si ethical issues doon, binigyan ka ng baon walang pasok, ano
gagawin mo? Are u going to return your baon to your parent or no? diba that is ethical issue.
2. Explanation: Nagkakaroon ng harassment or bias sa hiring process pa lang. Paano nagkakaroon yon? Halimbawa yung
kakilala mo, you are the hr at yung isang aplicante ay kakilala mo. Siyempre ang papaburan mo ay yung kakilala mo
compared doon sa isa. Kahit alam mo naman na mas suitable o qualified yung isa.

3. Explanation: Halimbawa na lang sa pagpromote ng product ay sabon, you are very keen on promoting your product
which is wthitening soap without telling the people or customers na this soap kapag nasobrahan ang tendency ay
magkaroon ng allergic reactions.

4. Explanation: tobacco products. Output can have adverse effects on the environment like air pollution, destruction of
habitats and urban sprawl

Developing Code of Ethics

1. Adopt code of ethics use the Code of Ethics of other companies as a reference and modify according to the needs of
the company.

2. Offer training on ethics for management and employees.

3. Hire and foster individuals with ethical value.

4. Deal with immoral activities. Employees must know the implications and effects of making unethical actions, and
should be ready to acceptconsequences.

5. Take constructive measures. For example, give rewards to employees who admit their mistakes. If the company is
conscientious and smart, it can encourage warehouse workers to take responsibility for their mistakes and even praise
them for coming forward, apologizing and ensuring that a faulty product is not purchased by the customer. At first it
seems counter-intuitive to reward an employee for a mistake, but in the end, it provides everyone with the best result.

6. Carry out a social audit. Conduct survey to employees once in a while.

7. Cover all whistleblowers. These people detect illegal activities within organizations and disclose the actions to the
authority or managers. A whistleblower who works sincerely, correctly reporting an issue, should be praised for his/her
courage and integrity, as opposed to being disciplined and ostracized. If an individual blasts the whistle, it is possible
that the company itself has failed internally to motivate and improve fair and ethical conversations.

8. Empower the defenders of integrity. Support those who work with honesty and integrity.

9. Ensure executive commitment. The anonymity of those who report the problems should be practiced.

10. Communicate the principles of conduct within the company and across the industry.

11. Assign an officer who is clearly responsible for the enforcement of ethical standards. He/she can be consulted for
advice.

12. Establish a procedure for violations of ethical standards, and fully review any offenses reported.

13. Ensure high perseverance by the company's board of trustees.

14. Lead by example, above everything else.

Code of ethics aims to lessen conflicting issues as it explains to what degree such conflicts can be avoided and
what parties can do if these conflicts happened. Professionals therefore cannot say that they were ignorant of the
immoral nature of their improper behavior. Often relevant is the possibility of disciplinary action which helps minimize
unnecessary disagreements or offensive behavior where a confrontation is imminent or is likely to happen.

Remember:

ETHICS refers to the theory of morality of right conduct

BUSINESS ETHICS is the study of what is right and wrong on human behavior and conduct in business

CODE OF ETHICS is a written set of guidelines by an organization to it’s workers and management to help them conduct
their actions in accordance with it’s primary values and ethical standards.