Code of Ethics - Assignment Example

of Ethics of Ethics Imagine that you are starting your own company. What will be the ethical of your company? If I were to start my own company, the ethical code that would govern its operations would be consistent with the moral, legal and ethical standards that are universally accepted and that concern the actions of various stakeholders in the company. From among the most relevant ethical codes include adherence to procedures and policies that respect human rights, protect the environment, consistent with legal laws and regulations, being socially responsible and respecting diversity in culture.

List the rules and principles that your company will use in decision making. The rules and principles that one’s company will use in decision making conform to the four ethical rules or principles, to wit: utilitarian, moral rights, justice, and practical rules (Jones, 2007, p. 150).Provide a brief explanation of why you selected each rule and principle. The utilitarian rule is chosen because it stipulates following policies that would provide the greatest benefit for the greatest amount of people.

Given a scenario that needs decision making, this rule would govern the most viable course of action that would ensure greatest benefits for the stakeholders or inflicting the least harm. Likewise, for moral rights, the company should adhere to “one that protects people’s rights to freedom, life and safety, property, privacy, free speech, and freedom of conscience” (Jones, 2007, p. 150). Justice, on the other hand, must be promoted within the company by instituting rules, policies and procedures that are fair and impartial.

And finally, the practical rules govern a manager’s decision-making where a course of action should be selected with “no hesitation about communicating to society because the typical person would think it is acceptable” (Jones, 2007, p. 151). These four rules and principles ensure that the company’s decision-making process conforms to the ethical, moral and legal standards expected by society and acceptable to various stakeholders.ReferenceJones, G. R. (2007). introduction to Business: How Companies Create Value for People.

Irwin/McGraw Hill.