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Requirement
Scenario: You and a colleague have decided to begin a security consulting practice. After significant discussion, you have both agreed to a financial plan for sharing expenses and profits. Now you are turning your attention to how you will conduct your business, specifically what behaviors you and your partner will follow.
To get started, you each write an ethics policy in which you outline how your partnership will conduct its business. This is not a big enterprise ethics policy. It is a statement of ethics which you are proposing to your business partner. Write this policy using only your own words.
Solution
Ethics Policy
The ethics within our business activities is imperative for the sustainability of our organization and for a strong reputed growth I expect both of us to abide by the below mentioned statements of ethics:
The term “Ethics” refers to the set of moral principles that are needed to be followed for the welfare of all the stakeholders associated with the business.
The term “unethical decisions” refers to the decisions that are against the welfare of all the associated stakeholders.
The vision of this company is, “Ensuring every Home and Business is Secure from All Possible Intrusions”.
This ethics policy will ensure that none of our actions are against the rational and moral judgments of the society and country as a whole (Integrity statement).
We will ensure that our business activities are as per the local and national laws and none of the activities violate any part of the defined state rules and regulations. Individuals working within the organization should have the understanding about the company rules and regulations - which will be in accordance with the state corporate laws. Whenever one is unsure of the actions – whether it lies within the law – one must consult the right individual – in this case company attorneys – for suggestions.
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In case of professional conflicts of interest, the need of three major stakeholders, namely, employees, customers and shareholders, will be kept above all actions.
We will ensure that we do not use any information, equipment and supplies for personal or business gain that is not in accordance to the ethics and morale of the society.
All the gifts and entertainment provisions need not be enjoyed on personal level if the intention of the provider is to push the organization to take unethical decisions.
All the environmental factors needed to be taken care of within the ethical premise and no such actions should be taken that malign the image of the organization.
All ownership of information or project development should be intentioned to benefit everyone associated with the activity.
We will always follow fair and ethical actions while indulging in competition with other companies operating in the market. Our decisions related to pricing and marketing will be completely independent and we will never coordinate with the fellow companies – the direct or indirect competitors – and ever try to manipulate the market condition.
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Place Your OrderWe will comply with the fare trade policies of the state and will never take into possession the trade secrets or the confidential information of the other fellow companies eyeing for the same target customers.
Our actions related to information disclosure to the public and all the associated stakeholders to the company will be fair and free. We will never hide information or disclose only selected information to the public in order to gain personal benefits.
We will ensure to avoid conflicts of interest among the associated stakeholders.
All the transactions, attendance/time reports should be recorded as per the international accounting standards and a periodic audit should be conducted to ensure each financial aspect is under ethical premise.
The violation of any of the above mentioned ethical statements by any individual associated with the action will be followed by the submission of “show cause” notice to explain why their association with the company should not be terminated. All the reports need to be submitted as per pre-defined schedule.
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