Code of Ethics: Global Benchmark for Investment Specialists - Essay Sample

Introduction

Code of ethics can be defined aa a written set of principles or guidelines that ensure that a group or individuals act or ethically conduct their activities as well as following their set ethical standards and primary values (Dessler, 2016, p. 383). The code of ethics serves in most instances as the benchmark for all the investment specialists internationally, regardless of all the cultural diversity as well as domestic or local laws. The code of ethics requires all the individuals to behave or act withy competence, respect as well as integrity. Different organizations use different measures and techniques such as hiring ethical individuals, training, or use of reward and punishment techniques to ensure that their employees comply with the ethical guidelines set.

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Developing as well as implementing an effective, ethical program has highly become the primary goal in protecting any organization. Developing an effective, ethical plan is crucial as it protects the organization by detecting in addition to preventing immoral actions. It is also essential in adherence to the company's ethical and legal obligations. There are various in which the organization uses to monitor as well as ensure compliance with the set organization code of conduct. However, there it is crucial that in tracking the employees’ compliance with the code of ethics, the management should avoid intrusion on the employees’ privacy (Dessler, 2016, p. 387).

One of the ways in which the employer or the organization can monitor and ensure compliance is through the use of electronic eavesdropping. It is essential to note, however, that this method of monitoring employees’ compliance with the code of ethics is allowable up to a certain point. For instance, the organizations are allowed to monitor their staffs’ telephone communication only during business operation, and they must cease the monitoring in case the conversation becomes personal (Dessler, 2016, p. 388).

Additionally, employers are also allowed to intercept emails in an attempt to protect the property right of the organization (Dessler, 2016, p. 388). For this method to be useful in monitoring the employees’ compliance with the organization's code of ethics, then the employer needs to issue online and email usage policies. The policies are meant to inform the employees that these particular systems are only meant strictly for business operations.

Another method that an organization can use to monitor the employees is through the use of videotape (Dessler, 2016, p. 388). However, it is also vital that the employer discloses that it is using surveillance on the employees, and the employees accept this in writing. Additionally, it is critical that the organization follows the stipulated laws and does not install surveillance in the restrooms or employees' locker-room.

Conclusion

In conclusion, ethics and ethical code of conduct are essential in an organization. It is used to ensure that the organization runs smoothly. Monitoring of employees to ensure compliance with the code of conduct is vital. Still, the organization should consult and follow the law in doing so to avoid lawsuits in case of employees’ privacy invasion or intrusion.

Reference

Dessler, G. (2016). Fundamentals of human resource management. Boston: Pearson.