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• To comply with all regulations regarding preservation of the environment. Ethical Principles.[r]
(1)FACILITATOR
Prof Dr Mohammad Majid Mahmood
(2)(3)No discrimination should be done on the basis of
caste, color, and religion
The polices should be fair and transparent
Proper provision of safety should be provided by the
(4)• Information about employee’s personal lives, health, and work evaluations should be kept confidential
• To neither give nor take any illegal payment, remuneration, gift, donation, or benefits to obtain business or favors
• To comply with all regulations regarding preservation of the environment
(5)Ethical Principles
• Rights and equitable treatment of shareholders • Interests of stakeholders
• Role and responsibilities of the Board • Integrity and ethical behavior
(6)Advantages of Ethical Behavior
• Brand image • Greater loyalty
(7)Why have a Code of Ethics?
• To define acceptable behavior
• To promote high standards of practice
• To provide a benchmark for selfevaluation
(8)(9)(10)Are Ethics & Business Compatible?
• In an extreme, business and ethics may seem incompatible:
– Earning profits may also be unethical
– In Islamic finance, earning interest is unethical
– Possession itself may be unethical in extreme sense
• Lots of businesses may need violence of some degree: – E.g., Medical research
• Where we draw the line between business and morality: