The financial sector is abuzz with acts of rape of norms to amass wealth in an unethical manner. Following atomic number 18 some of the activities that come under the ambit of unethical perform.
* Resorting to dishonesty, wile or deception.
* Distortion of facts to mislead or confuse.
* Manipulating people emotionally by exploiting their vulnerabilities.
* Greed to amass excessive profit.
* Creation of phoney documents to show increased profits.
* Avoiding penalty or compensation for illicit act.
* Lack of transp atomic number 18ncy and resistance to investigation.
* Harming the environment by majestic the government prescribed norms for pollution.
* Invasion of privacy used as leverage, for obtaining personal or professional gains.
* Sexual discrimination
Preventing Unethical Practices in Organizations
Addressing unethical behavior and practices is essential to maintain an ethical climate in an plaque. Incorporation of ethical norms and conduct into all levels of the organization can be done in the following ways.
* Codes of embodied ethics must be formulated so that employees are aware of the organizations expectations regarding ethical norms and conduct.
* An appeal process must be in place so that any unethical practice can be brought into light.
* Seminars on business ethics should be conducted for employees. This will help them in understanding the importance of ethical work culture.
* Compliance officers must be appointed to salve a check on fraud, corruption, and abuse within the organization.
* To enhance ethical behavior, performance management system of the organization must be modified to incorporate ethical behavior as a parameter for appraisal and rewards.
Business houses that comply with ethics to determine their conduct are shrinking in number. The drop of business ethics in the market is a lifesize reason to worry. Organizations now recognize the positive effects and...If you necessitate to get a full essay, order it on our website: Ordercustompaper.com
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