Ethics principle and legal business practices

Ethical description

1. CHAPTER 3 : ETHICS AND LEGAL BUSINESS PRACTICES

2. Ethics is a system of moral principles They affect how people make decisions and lead their lives It is concerned with what is good for individuals and society and is also described as moral philosophy. The term is derived from the Greek word ethos which can mean custom, habit, character or disposition.

3. Legal Behavior follows lite dictates of laws, which are written down and interpreted by the courts. In decision making, determining the legality of a course of action is facilitated by the existence of statutes, regulations, and codes.

4. Ethical business practice is concerned with society’s duties and responsibilities to uphold moral values and to live up to the aspirations of stakeholders, the public, government institutions, and society. These principles include fairness and integrity standards, understandings of right and wrong, and responsiveness and transparency expectations. In both formalized agreements, such as taxes and salaries to workers, and the tacit understandings that determine the position of the corporation within society, the ethical principles that corporations must live up to exist.

5. Business Ethics Laws and Regulations This means more than just following the letter of the law, since laws can still be amended, but also following the codes of behavior created by the religious values, philosophies, and even the special requirements of particular occupations of a Society. Ethics is a reflection of the belief held by most people that, regardless of whether an act or thinking is always good or always evil, or whether, depending on n situation, they are relative, we have the obligation to behave in a way that is right as human beings.

6. Ethical Business Strategies To build an ethical business, an ethical strategy is necessary. The purpose of sound ethics and ethical culture is shared by a number of businesses. However, since ethics administration is not prioritized, it is often made more difficult to create and maintain an ethical organization. Ethics is often discussed only reactively or in an ad hoc manner after a problem has arisen. To better allow the organization to achieve its ethical objectives, a consistent ethics plan is required.

7. 1. Creation of ethical principles The ethical standards of an organization need to be clearly defined by the organization's values and laws, including the code of ethics and policies. The values should describe the behavioral standards desired, which should be translated into appropriate and unacceptable behaviors in the company's code of ethics and supporting policies. The power of leaders is even more important because they are such good role models-the way they implement the values in practice. By the values they convey, by what they say, and by what they do, the organization's ethical standards are effectively set and ingrained.

8. 2. Forming an Ethics Committee The Companies Act now demands that most companies form a social and ethics committee (except small businesses). Yet, especially in the absence of legislation, an ethics committee can be a valuable facet of an ethics policy. The value of this committee's contribution will depend on its composition: members need to be sufficiently senior to be able to make decisions and to support the necessary acts. However, lite ethics committee docs not assume the role of the sole custodian of the ethics of tile workplace. Instead, each and every member of the organization should consider their role and devotion to the company's ethical status, and the committee's effectiveness will depend on the degree to which they achieve this buy-in.

9. 3. Ethical knowledge building In the pursuit of better workplace ethics, awareness of ethics is a strong strategy, especially in terms of reducing unethical behavior. A simple instance of the visibility effect is visible policing. The private security vehicle patrolling the neighborhood does not result in many (or any) criminals being arrested, but their repeated presence tends to raise ethical awareness and therefore serves as a deterrent to the crime committed in that area. Ethical consciousness can also promote ethical behavior by providing a daily reminder of what is proper behavior inside the organization. This is especially productive if the tangible examples are derived from the positive actions of the members of the organization.

10. 4. Measuring and monitoring the ethical status Measuring and monitoring a company's ethical status is also a vital part of a good strategy on ethics. When you can't measure something, the dictum that you can’t regulate it applies to ethics as well as any other part of an organization. Positive ethical status has many benefits, including customer retention, corporate reputation, and brand image, although on many fronts, a negative status can be very detrimental.

11. Laws, Codes and Regulations Related to Business Technologies. CONSUMER PROTECTON Republic Act No. 7394 Consumer Act of the Philippines of 1991 DOJ Advisory Opinion No. 02 - 2012 Advisory on Plagiarism ……if committed under circumstances, can amount to criminal violation of the intellectual property code of E – Commerce Act or the Cybercrime prevention Act

12. E. COMMERCE & BUSINESS REGULATION Republic Act No. 8484 Access Devices Regulation Act of 1998 – An act regulating the issuance and the use of access devices, prohibiting fraudulent acts committed relative thereto, providing penalties for other purposes. Republic Act No. 8792 An Act Providing for the Recognition and use of electronic commercial and non-commercial transactions and documents penalties for unlawful use thereof and tor other purposes or the Electronic Commerce Act of 2000.

13. Republic Act No. 9178 An Act to promote the establishment of barangay micro business enterprise (bmbes) providing incentives and benefits therefore, and for other purpose. DATA PRIVACY & SECURITY Republic Act No. 10173 Data Privacy Act of 2012 – An Act protecting individual personal information in information and communications system in the Government and private sector, Creating for this purpose a national privacy commissions and other purposes.

14. Labor Code of the Philippines The labor code of the Philippines is a legal codes that determines all employment practices and labor relations in the Philippines. This is to help protect employees and employers while ensuring that neither is the subject to unfair treatment or exp l oitation.

15. THANK YOU !