Phase 4 Individual Project Essay Example | Topics and Well Written Essays - 1500 words

Phase 4 Individual Project - Essay ExampleSuch ethical standard promotes high standards of integrity and ethical behavior for the take in of the comp either instead of an individual. The ethical standards in any business create a fundamental foundation in maintaining public trust, for every ECG member. In the first situation the executive member of ECG violated professional integrity, honesty, objectivity and genuineness while serving in the company. The financial interest divine revelation of any member serving as an executive in the company in Government Allies increases the integrity standards in the companys leaders to all investors. Any person serving in the leadership roles is entitled to show uppermost level of transparency and trust. The shareholders have a lot of ante by in the leadership of the company and if that potency is not maintained may lead to the migration of the investors. In this case there may be no confidence in the management of the ECG stock after the compl etion of the initial public offer (IPO) successfully and the acquisition if all executive members and their families does not break off their financial interest. ... Several lawsuits may also be witnessed due to company employees acting in contrary to ethics that are significant to the organizations productivity. Professional integrity brings implicit trust of the shareholders interest and more confidence in the management of the company. In the second scenario a team of members of ECG is organise to develop a proposal and give a presentation to X in order to win the contract in Information technology consultancy. unmatchable of the members who had worked with the two current executive at X Telco may influence the results of the bids review either negatively or positively depending on the past birth when working with them. In this situation the composition of the team to participate in the review exercise may have violated the professional relationship code of conduct. This is b ecause the past working relationships may increase the chances to harm the reviewing results or impair the teams professional judgment. However, in some situations it may not be completely feasible to avoid nonprofessional or social contacts between the members in the two companies. Implicit trust is perceived as creation an ethical practice in the management of dual relationship in the operations of the organizations. It is supposed to be communicated very clearly down the administrative declension before taking the executive roles. The policy that relates to the companys code of ethics finds its application in this regard (Hoffman &Dawn-Marie, 2002). The code of ethics in any organization should be clearly understood by all employees irrespective of their position in the work place. To enhance this understanding, the management of the ECG has the obligation of culture and writing standardized ethical policies down and