Nobody downloaded yet

Importance of the Code of Ethics - Research Paper Example

Comments (0) Cite this document
Summary
An author of this research paper aims to discuss the importance of ethical code in business and financial planning in particular. Moreover, the study will indicate particular task that can be solved using the ethical work at the workplace and in business in general…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Importance of the Code of Ethics
Read TextPreview

Extract of sample "Importance of the Code of Ethics"

Download file to see previous pages The code of ethics applies to the financial planning professionals. Financial planners are required to follow the code of ethics and are therefore held accountable if they do not abide by the code (FPSC, 2015). Financial planners registered with the CFP Board are required to acknowledge and accept to follow the code of ethics when they renew their certificates. The board goes ahead to enforce the code of ethics on financial planning professionals via a disciplinary process which is outlined in the disciplinary rules and procedures section (CFP Board, n.d). The primary aim of the code of ethics is to guide the financial planners on how to conduct their activities professionally. By agreeing to follow the code of ethics, financial planners agree that they will work in the best interests of their clients or the general public. Thus, they will conduct their activities professionally. This instills confidence in the general public or clients because they believe that financial planners will shelf their personal interests for the client’s interest first. Thus, the code of ethics applies to the financial planners. They have to follow the seven principles contained in the code of ethics: client first, integrity, objectivity, fairness, professionalism, competence, confidentiality and diligence. If a financial planner does not abide by the code of ethics, the professional shall be disciplined. Some form of discipline include suspension of the professional for a period not exceeding five years. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Importance of the Code of Ethics Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Importance of the Code of Ethics Research Paper Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/business/1700545-financial-planning-and-ethics
(Importance of the Code of Ethics Research Paper Example | Topics and Well Written Essays - 750 Words)
Importance of the Code of Ethics Research Paper Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/business/1700545-financial-planning-and-ethics.
“Importance of the Code of Ethics Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1700545-financial-planning-and-ethics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Importance of the Code of Ethics

Code of Ethics Paper

...? of Ethics in Healthcare: Autonomy of Ethics in Healthcare: Autonomy Autonomy of the patients in accepting or rejecting a particular treatment is accepted as a code of ethics in healthcare. For example Jews will never accept the blood of others even if they are in critical conditions. Accepting blood from others is against their religious beliefs. Physician assisted suicide or mercy killing is another topic in which healthcare professionals often forced to respect the autonomy of the patients. The major duty of the healthcare professionals is to save the life of the patients; however, today doctors forced to assist the patients in finishing their lives in some particular situations. Doctors quiet often come across with difficult... ...
4 Pages(1000 words)Essay

The Code of Ethics

...?The of Ethics prepared by the National Society of Professional Engineers serves as a guide for professionals. It acts like a manual for proper decorum to help decision makings on critical situations. The statements and advised course of action in the guidelines are very reasonable and seems to cover any possible situation. However, that is not true as illustrated in the video Incident at Morales. The video shows that most often than not, decision making in engineering are not as easy. Sometimes outside stresses like market, competition and time constraints can limit options and consequently keep a professional from following the Code of Ethics. The video also shares the...
4 Pages(1000 words)Essay

Code of Ethics

...that; in maintaining honorable relations the employees should ensure that they uphold paramount honesty, respect and integrity. Both ethical codes therefore, accentuate that all the professional counselors should relate with each other to prevent instances of fraud and self-interest actions. One difference under the area of colleague relationships however is that; while ACA supports teamwork with professionals from other disciplines, AACC does not take into account the merging with other disciplines. Evidently, ethical codes are of key importance to both organizations despite the slight differences in their structure. Regardless, both...
4 Pages(1000 words)Research Paper

Code of Ethics

...and unacceptable behavior in diverse environments (Winstanley & Woodall, 2000). Training and Communication Plan In acknowledging the significance of communication plan in an organization, training is equally important especially concerning the code of ethics. In order to make an organization to achieve general prosperity, both the employees and the management have to keep the company’s image at its best. Most corporate leaders attain this best by employing a training and communication plan as a management tool. It entails various steps that employees and stakeholders have to go through (Schwartz, 2002). Under normal circumstances, the first step in communication planning is the...
10 Pages(2500 words)Essay

Code of ethics guideliness

...and responsibilities that are consistent with the role of being a nurse. The professional to code relationship is an important feature of the practitioner’s moral life that requires interpretation at times. (ANA 2001) The American Nurses Association (ANA) defines three key purposes of the code of ethics even though they are other general aspects and principles of the code; these three major purposes are considered to be normative and authoritarian. The first purpose of the code is to provide moral rules that help steer the deeds of the nurses in general while the second is that it pertains across the scale of the common nursing roles...
3 Pages(750 words)Essay

Global code of ethics

...All cultures and societies are committed to specific ethical values within which common areas of concern have been accepted. These values draw upon secular traditions and regulations which guide the interaction of individuals, communities and societies as well as to the different beliefs of the religions of the world. Representations of these ethics can be found, for example, in various UN conventions and declarations, e.g. the Universal Declaration of Human Rights adopted by the UN General Assembly, the International Convention on the Rights of the Child, the Rio Declaration on the Environment and Development and the recommendations of Agenda 21. They have also been expressed as fundamental principles by...
2 Pages(500 words)Essay

Code of ethics

...of ethics. Code of Ethics Significance of a written code of ethics The correctional system just like any other organization is prone to gross unethical practices. This is more so because prisoners are more likely to be denied their rights by unethical prison officials, by assuming that they have no right to be treated right for being behind bars (Misha, 2006). The written code of ethics in the correctional system is thus highly important in ensuring that prison official, probation officers, and all officials within all ranks of the correctional system act within the required behavioral provisions, both...
3 Pages(750 words)Research Paper

My Code of Ethics

...My of Ethics My personal of ethics will set my intention of creating the life I would like to live and will define my accepted and unaccepted behaviors. It promotes high standards of practice and establishes the framework for my professional behavior as it a useful tool that I review when I am struggling to make a decision (Rentfro, 10) Code Outlining the Things I Believe Are Morally Correct 1. Ensure integrity in all my undertakings-I ensure that I am true to myself and to others as it is the basis of building trust in all the relationships I form with people. 2. Follow my dreams-I am determined on leaving a positive impact in the world , and I have unshakable belief in myself, have...
1 Pages(250 words)Essay

Code of Ethics

...Recommended of Ethics The telecommunication company requires ethical s in relation to standards, guidelines, job specifications and releases. “The Ethical code addresses issues that relate to conflict of interests, confidentiality, corporate opportunities, expected behaviors, receipt of gifts, ardent use of assets and information, compliance with the policies and laws and authority delegation” (Desmond 216). All Employees must Act ethically and honestly while performing duties at the company. It is essential to avoid actual or apparent conflicts of interest between professional and personal relationships or between professional interests and other...
1 Pages(250 words)Essay

Code of Ethics

...December 12, of Ethics and Virtues in the Workplace: Ethics through Kant’s Categorical Imperatives I believe that, in order to be ethical members of our society, we must be aware of and follow a code of ethics. This code will serve as a moral compass in navigating various ethical decisions in our lives. I believe that this compass is important to a good and happy life because we will have a guide in making decisions, assessing past conduct, and improving future decision-making processes. Ethics includes my core values and virtues and an honest assessment of my character....
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Importance of the Code of Ethics for FREE!

Contact Us