Ethical principles

[Expensivejoy01]

Ethical principles are universal Standards of rights and wrongs which prescribe the kind of behaviours an ethical Person or corporate person should or should not engage in. Ethical principles provides a guide on decision-making and establish the criteria by which the decisions, actions and policies of professionals and bussiness executives are judged by others. Hence, they should be careful with both their characters and reputations.

Josephson (2010) states the twelve ethical principles on which the determination of the characters and reputations if professionals are based as:-

*} Honesty
*}Integrity
*} Keeping to words and promises
*}Loyalty
*} Fairness
*}Care
*}Respect for other stakeholders
*}Law compliance
*} Commitment to excellence
*}Exemplary leadership
*} Reputation and morals
*} Accountability

 

[Augusta]

Yes Needs to be upheld as it provides numerous benefits, including strengthening relationships, fostering trust, promoting personal growth, and enhancing overall well-being.