Wednesday, 17 August 2016

CODES OF ETHICS - PROFESSIONAL ETHICS AND HUMAN VALUES

CODES OF ETHICS

1 National Society of Professional Engineers
Preamble
Engineering is an important and learned profession. As members of this profession, engineers are expected to exhibit the higher standards of honesty and integrity. Engineering has a direct and vital impact on the quality of life for all people. Accordingly, the services provided by engineers require honesty, impartiality, fairness, and equity, and must be dedicated to the protection of then public health, safety, and welfare. Engineer must perform under a standard of professional behavior that requires adherence to the highest principles of ethical conduct.

I Fundamental Canons
Engineers in the fulfillment of their professional duties shall
1. Hold paramount the safety, health, and welfare of the public.
2. Perform services only in areas of their competence.
3. Issue public statements only in objective and truthful manner.
4. Act for each employer or client as faithful agents or trustees.
5. Avoid deceptive acts.
6. Conduct themselves honorably, responsibly, ethically, and lawfully so as to enhance the honor, reputation, and usefulness of the profession.

II Rules of Practice
1. Engineers shall hold paramount the safety, health, and welfare of the public.
(a) If engineers’ judgment is overruled under circumstances that endanger life or property, they shall notify their employer or client and such other authority as may be appropriate.
(b) Engineers shall approve only those engineering documents that are in conformity with applicable standards.
(c) Engineers shall not reveal facts, data, or information without prior consent of the client or employer except as authorized or required by law or this code.
(d) Engineers shall not permit the use of their name or associate in business ventures with any person or firm that they believe are engaged in fraudulent or dishonest enterprise.
(e) Engineers shall not aid or abet the unlawful practice of engineering by a person or firm.
(f) Engineers having knowledge of any alleged violation of this Code shall report thereon to appropriate professional bodies and when relevant, also to public authorities, and cooperate with the proper authorities in furnishing such information or assistance as may be required.

2. Engineers shall perform services only in the areas of their competence.
(a) Engineers shall undertake assignments only when qualified by education or experience in the specific technical fields involved.
(b) Engineers shall not affix their signatures to any plans or documents dealing with the subject matter in which they lack competence, nor to any plan or document not prepared under their direction and control.
(c) Engineers may accept assignments and assume responsibility for coordination of an entire project and sign and seal the engineering documents for the entire project, provided that each technical segment is signed and sealed only by the qualified engineers who prepared the segment.

3. Engineers shall issue public statements only in an objective and truthful manner.
(a) Engineers shall be objective and truthful in professional reports, statements, or testimony. They shall include all relevant and pertinent information in such reports, statements, or testimony, which should bear the date indicating when it was current.
(b) Engineers may express publicly technical options that are founded upon knowledge of the facts and competence in the subject matter.
(c) Engineers shall issue no statements, criticisms, or arguments on technical matters that are inspired or paid for by interested parties on prefaced their comments by explicitly identifying the interested parties on whose behalf they are speaking and by revealing the existence of any interest the engineers may have in the matters.

4. Engineers shall at for each employer or client as faithful agents or trustees
(a) Engineers shall disclose all known or potential conflicts of interest that could influence or appear to influence their judgment or the quality of their services.
(b) Engineers shall not accept compensation, financial or otherwise, from more than one party for services on the same project, or for services pertaining to the same project, unless the circumstances are fully disclosed and agreed to by all interested parties.
(c) Engineers shall not solicit or accept financial or other valuable consideration, directly or indirectly, from outside agents on connection with the work for which they are responsible.
(d) Engineers in public service as members, advisers, or employees of a governmental or quasi-governmental body or department shall not participate in decisions with respect to services solicited or provided by them or their organizations in private or public engineering practice.
(e) Engineers shall not solicit or accept a contract from a governmental body on which a principal or officer of their organization serves as a member.

5. Engineers shall avoid deceptive acts
(a) Engineers shall not falsify their qualifications or permit misrepresentation of their or their associate’s qualifications. They shall not misrepresent or exaggerate their responsibility in or for the subject matter of prior assignments. Brochures or other presentations incident to the solicitation of employment shall not misrepresent pertinent facts concerning employers, employees, associates, joint ventures, or past accomplishments.
(b) Engineers shall not offer, give, solicit or receive, either directly or indirectly, any contribution to influence the award of a contract by public authority, or which may be reasonably construed by the public as having the effect of intent to influence the awarding of a contract. They shall not offer any gift or other valuable consideration in order to secure work. They shall not pay a commission, percentage, or brokerage fee in order to secure work, except to a bonafide employee or established commercial or marketing agencies retained by them.

III Professional Obligations
1. Engineers shall be guided in all their relation by the highest standards of honesty and integrity.
(a) Engineers shall acknowledge their errors and shall not distort or alter the facts.
(b) Engineers shall advice their clients or employers when they believe a project will not be successful.
(c) Engineers shall not accept outside employment to the detriment of their regular work or interest. Before accepting any outside engineering employment they will notify their employers.
(d) Engineers shall not attempt to attract an engineer from another employer by false or misleading pretenses.
(e) Engineers shall not promote their own interest at the expense of the dignity and integrity of the profession.

2. Engineers shall at all times strive to serve the public interest.
(a) Engineers shall seek opportunities to participate in civic affairs, career guidance for youths, and work for the advancement of the safety, health, and well-being of their community.
(b) Engineers shall not complete, sign, or seal plans and/or specifications that are not in conformity with applicable engineering standards. If the client or employer insists on such unprofessional conduct, they shall notify the proper authorities and withdraw from further service on the project.
 (c) Engineers shall endeavor to extend public knowledge and appreciation of engineering and its achievements.

3. Engineers shall avoid all conduct or practice that deceives the public.
(a) Engineers shall avoid the use of statements containing a material mis-representation of fact or omitting a material fact.
(b) Consistent with the foregoing, engineers may advertise for recruitment of personnel.
(c) Consistent with foregoing, engineers may prepare articles for the lay or technical press, but such articles shall not imply credit to the author for work performed by other.

4. Engineers shall not disclose, without consent, confidential information concerning the business affairs or technical processes of any present or former client or employer, or public body on which they serve.
(a) Engineers shall not, without the consent of all interested parties, promote or arrange for new employment or practice in connection with a specific project for which the engineer has gained particular and specialized knowledge.
(b) Engineers shall not, without the consent of all interested parties, participate in or represent in adversary interest in connection with a specific project or proceeding in which the engineer has gained particular specialized knowledge on behalf of a former client or employer.

5. Engineers shall not be influenced in their professional duties by conflicting interests.
(a) Engineers shall not accept financial or other consideration including free engineering designs, from material or equipment suppliers for specifying their product.
(b) Engineers shall not accept commission or allowances, directly or indirectly, from contractors or other parties dealing with clients or employers of the engineer in connection with work for which the engineer is responsible.

6. Engineers shall not attempt to obtain employment or advancement or professional engagements by untruthfully criticizing other engineers, or by other improper methods.
(a) Engineers shall not request, propose, or accept a commission on a contingent basis under circumstances in which their judgement may be compromised.
(b) Engineers in salaried positions shall accept part-time engineering work only to the extent consistent with policies of the employer and in accordance with ethical consideration.
(c) Engineers shall not, without consent, use equipment, supplies, laboratory, or office facilities of an employer to carry on outside private practice.

7. Engineers shall not attempt to injure, maliciously or falsely, directly or indirectly, the professional reputation, prospects, practice, or employment of other engineers. Engineers who believe others are guilty of unethical or illegal practice shall resent such information to the proper authority for action.
(a) Engineers in private practice shall not review the work of another engineer for the same client, except with the knowledge of such engineer, or unless the connection of such engineer with the work has been terminated.
 (b) Engineers in governmental, industrial, or educational employment are entitled to review and evaluate the work of other engineers when so required by their employment duties.
(c) Engineers in sales or industrial employ are entitled to make engineering comparisons or represented products with products of other suppliers.

8. Engineers shall accept personal responsibility for their professional activities, provided, however, the engineers may seek indemnification for services arising out of their practice for other than gross negligence, where the engineer’s interests cannot otherwise be protected.
(a) Engineers shall conform to state registration laws in the practice of engineering.
(b) Engineers shall not use association with a non-engineer, a corporation, or partnership as a ‘cloak’ for unethical acts.

9. Engineers shall give credit for engineering work to those to whom credit is due, and will recognize the proprietary interests of others.
(a) Engineers shall, whenever possible, name the person or persons who may be individually responsible for designs, inventions, writings, or other accomplishments.
(b) Engineers using designs supplied by a client recognize that the designs remain the property of the client and may not be duplicated by the engineer for others, without the express permission.
(c) Engineers before undertaking work for others in connection with which the engineer may make improvements, plans, designs, inventions, or other records that may justify copyrights or patents, should enter into a positive agreement regarding ownership.
(d) Engineers’ designs, data, records, and notes referring exclusively to an employer’s work are the employer’s property. The employer should indemnify the engineer for use of the information for any purpose other than the original purpose.
(e) Engineers shall continue their professional development throughout their careers and should keep current in their specialty fields by engaging in professional practice, participating in continuing education course, reading in the technical literature, and attending professional meetings and seminars.


2. ASME code of ethics (American Society of Mechanical Engineers)

ASME requires ethical practice by each of its members and has adopted the following Code of
Ethics of Engineers as referenced in the ASME Constitution, Article C2.1.1.

CODE OF ETHICS OF ENGINEERS: The Fundamental Principles Engineers uphold and advance the integrity, honor and dignity of the engineering profession by:

I. Using their knowledge and skill for the enhancement of human welfare;

II. Being honest and impartial, and serving with fidelity their clients (including their employers) and the public; and

III. Striving to increase the competence and prestige of the engineering profession.

The Fundamental Canons
1. Engineers shall hold paramount the safety, health and welfare of the public in the performance of their professional duties.
2. Engineers shall perform services only in the areas of their competence; they shall build their professional reputation on the merit of their services and shall not compete unfairly with others.
3. Engineers shall continue their professional development throughout their careers and shall provide opportunities for the professional and ethical development of those engineers under their supervision.
4. Engineers shall act in professional matters for each employer or client as faithful agents or trustees, and shall avoid conflicts of interest or the appearance of conflicts of interest.
5. Engineers shall respect the proprietary information and intellectual property rights of others, including charitable organizations and professional societies in the engineering field.
6. Engineers shall associate only with reputable persons or organizations.
7. Engineers shall issue public statements only in an objective and truthful manner and shall avoid any conduct which brings discredit upon the profession.
8. Engineers shall consider environmental impact and sustainable development in the performance of their professional duties.
9. Engineers shall not seek ethical sanction against another engineer unless there is good reason to do so under the relevant codes, policies and procedures governing that engineer’s ethical conduct.
10. Engineers who are members of the Society shall endeavor to abide by the Constitution, By-Laws and Policies of the Society, and they shall disclose knowledge of any matter involving another member’s alleged violation of this Code of Ethics or the Society’s Conflicts of Interest Policy in a prompt, complete and truthful manner to the chair of the Ethics Committee.

3. ASCE code of ethics: (American Society of Civil Engineers)
In its 1976 retooling of the Code of Ethics, ASCE's Board of Direction revised the nine canon model, which focused primarily on an engineer's business obligations to clients and employers, to one with seven canons that emphasized service to the profession and to the public at large. The change was signaled by the inclusion of four fundamental principles. Although the seven canons and their guidelines have undergone numerous revisions over the past 32 years, the four principles have remained virtually unchanged since their adoption and currently read as follows:

Engineers uphold and advance the integrity, honor, and dignity of the engineering profession by using their knowledge and skill for the enhancement of human welfare and the environment; being honest and impartial and serving with fidelity the public, their employers, and clients; striving to increase the competence and prestige of the engineering profession; and supporting the professional and technical societies of their disciplines.:
The seven canons reflect an attempt to span the potentially infinite range of circumstances in which an engineer's commitment to these fundamental principles may be put to the test. Today these canons read as follows

1. Engineers shall hold paramount the safety, health, and welfare of the public and shall strive to
comply with the principles of sustainable development in the performance of their professional
duties.
Perhaps the most demanding of ASCE's ethical standards is the engineer's duty to "hold paramount" the public's safety and welfare. Under this canon an engineer is expected not only to protect the public in his or her own work but also to take action if he or she has knowledge that any other person's actions may undermine the public welfare, a requirement that may include reporting such actions to a government authority with the power to act on behalf of the public. In 1996 ASCE added the "sustainable development" language to this canon, reflecting its belief that ensuring public welfare also requires consideration of ecological and environmental factors.

2. Engineers shall perform services only in areas of their competence.
In addition to the more obvious guidelines here, for example, the requirement to take work only when qualified by education or experience to carry out the work, this canon means that an engineer may not seal an engineering plan or document unless that document has been prepared or reviewed under his or using their knowledge and skill for the enhancement of human welfare and the environment; being honest and impartial and serving with fidelity the public, their employers, and clients; striving to increase the competence and prestige of the engineering profession; and supporting the professional and technical societies of their disciplines.

3. Engineers shall issue public statements only in an objective and truthful manner.
This canon considers the many ways in which an engineer may share his or her expertise with the public and reflects principles that underlie many other provisions of the code. For example, an engineer may apply his or her technical expertise only when competent to do so (as per canon 2), must indicate when a statement has been paid for by an interested party (much like the conflict disclosures required by canon 4), and may not promote his or her own interests in a manner derogatory to the integrity of the profession (canon 6).

4. Engineers shall act in professional matters for each employer or client as faithful agents or
trustees, and shall avoid conflicts of interest.
With its focus on fidelity to employers and clients, canon 4 is in some respects reminiscent of the original, 1914 code. But whereas that code barred an engineer only from "accept[ing] remuneration other than his stated charges for services rendered," the current canon provides a more complete picture of the types of conflicts that can lead an engineer astray. Under today's canon, engineers may not use confidential information in a way that is detrimental to an employer's or client's interests, may not take part in decisions as a public servant for services involving their own private practice, and are obliged to notify their employers before availing themselves of outside employment opportunities or engaging in work that may give rise to a conflict of interest.

5. Engineers shall build their professional reputation on the merit of their services and shall not
compete unfairly with others.
An important point to remember here is that this canon does not restrict competition among engineers per se, only methods by which an engineer may attempt to gain an unfair advantage over his or her competitors. Such unfair practices include bestowing gifts or gratuities to obtain work, falsely portraying one's qualifications and credentials, taking credit for the work of another, and maliciously criticizing the work of another.

6. Engineers shall act in such a manner as to uphold and enhance the honor, integrity, and
dignity of the engineering profession and shall act with zero tolerance for bribery, fraud, and
corruption.
This canon can be viewed as a catchall for acts that while not expressly proscribed in other canons nevertheless violate the spirit of the code. It promotes transparency and scrupulous control of funds and prohibits engineers from knowingly participating in fraudulent or dishonest practices. This canon also reflects the most recent revision to the code, a 2006 amendment stating that bribes and corruption are not to be tolerated and warning engineers to beware of situations where such practices have broad, even institutionalized, support.

7. Engineers shall continue their professional development throughout their careers, and shall
provide opportunities for the professional development of those engineers under their
supervision.
 The final canon is unique in that its focus is on professional growth rather than professional conduct. Engineers are encouraged to continue honing their skills, to share their knowledge by, for example, attending conferences and seminars, and to support the development of engineer employees by providing them with an environment that encourages professional growth and licensure.

3. The Institute of Electrical & Electronics Engineers (IEEE)
Code of Ethics
We the members of the IEEE, in recognition of the importance of our technologies in affecting the quality of life throughout the world, and in accepting a personal obligation to our profession, its members and the communities we serve, do hereby commit ourselves to the highest ethical and professional conduct and agree:
1. To accept responsibility in making engineering decisions consistent with the safety, health and welfare of the public, and to disclose prompt factors that might endanger the public or the environment.
2. To avoid real or perceived conflicts of interest whenever possible, and to disclose them to affected parties when they do exist.
3. To be honest and realistic in stating claims or estimates based on available data.
4. To reject bribery in all its forms.
5. To improve the understanding of technology, its appropriate application, and potential consequences.
6. To maintain and improve our technical competence and to undertake technological tasks for others only if qualified by training or experience, or after full disclosure of pertinent limitations.
7. To seek, accept, and offer honest criticism of technical work, to acknowledge and correct errors, and to credit properly the contributions of others.
8. To treat fairly all persons regardless of such factors as race, religion, gender, disability, age, or national origin.
9. To avoid injuring others, their property, reputation, or employment by false or malicious action.
10. To assist colleagues and co-workers in their professional development and to support them in
following code of ethics.

4. Institution of Engineers (India)
Code of Ethics (Effective from March 2004)
Introduction
Engineers serve all members of the community in enhancing their welfare, health, and safety by a creative process utilizing the engineers’ knowledge, expertise and experience. The code of ethics is based on broad principles of truth, honesty, justice, trustworthiness, respect and safeguard of human life and welfare, competence and accountability, which constitutes the moral values every corporate member of the institution must recognize, uphold and abide by.

Preamble
The corporate members if the IEI are committed to promote and practice the profession of
engineering for the common good of the community bearing in mind the following concerns:
1. The ethical standard
2. Social justice, social order, and human rights
3. Protection of the environment
4. Sustainable development
5. Public safety and tranquility

The Tenets of the Code of Ethics
A corporate member
1. Shall utilize his/her knowledge and expertise for the welfare, health, and safety of the community without any discrimination for sectional or private interests.
2. Shall maintain the honour, integrity and dignity in all his professional actions to be worthy of the trust of the community and the profession.
3. Shall act only in the domains of his competence and with diligence, care, sincerity and honesty.
4. Shall apply his knowledge and expertise in the interest of his employer or the clients for whom he shall work without compromising with other obligations to these tenets.
5. Shall not falsify or misrepresent his own or his associates qualification, experience etc.
6. Wherever necessary and relevant, shall take all reasonable steps to inform, himself, his employer or clients, of the environmental, economic, social and other possible consequences, which may arise out of his actions.
7. Shall maintain utmost honesty and fairness in making a statement or giving witness and shall do so on the basis of adequate knowledge.
8. Shall not directly or indirectly injure the professional reputation of another member.
9. Shall reject any kind of offer that may involve unfair practice or may cause avoidable damage to the eco-system.
10. Shall be concerned about and shall act in the best of his abilities for maintenance of sustainability of the process of development.
11. Shall not act in any manner which may injure the reputation of the institution or which may cause any damage to the institution financially or otherwise.

General Guidance
The tenets of the code of ethics are based on the recognition that-
1. A common tie exists among the humanity and that the Institution of Engineers (India) derives its value from the people, so that the actions of its corporate members should indicate the member’s highest regard for equality of opportunity, social justice and fairness
2. The corporate members of the institution hold a privileged position in the community so as to make it a necessity for their not using the position for personal and sectional interests.

And as Such, a Corporate Member
1. Should keep his employer or client fully informed on all matters in respect of his assignment which are likely to lead to a conflict of interest or when, in his judgment, a project will not be viable on the basis of commercial, technical, environment or any other risks.
2. Should maintain confidentiality of any information with utmost sincerity unless expressly permitted to disclose such information or unless such permission, if withheld, any adversely affects the welfare, health and safety of the community.
3. Should neither solicit nor accept financial or other considerations from anyone related to a project or assignment of which he is in the charge.
4. Should neither pay nor offer direct or indirect inducements to secure work.
5. Should compete on the basis of merit alone.
6. Should refrain from inducing a client to breach a contract entered into with another duly-appointed engineer.
7. Should, if asked by the employer or a client, to review the work of another person or organization, discuss the review with the other person or organization to arrive at a balanced opinion.
8. Should make statements or give evidence before a tribunal or a court of law in an objective and accurate manner and express any opinion on the basis of adequate knowledge and competence.
9. Should reveal the existence of any interest-pecuniary or otherwise—which may affect the judgment while giving an evidence or making a statement.


5. Indian Institute of Material Management
Code of Ethics15
1. To consider first the total interest of one’s organization in all transactions without impairing the dignity and responsibility to one’s office.
2. To buy without prejudice seeking to obtain the maximum ultimate value for each rupee of expenditure.
3. To subscribe and work for honesty and truth in buying and selling.
4. To denounce all forms and manifestations of commercial bribery and to eschew anti-social practices.
5. To respect one’s obligations and those of one’s organization consistent with good business practice.


6. Institution of Electronics and Telecommunication Engineers
Preamble
1. To uphold the concept of professional conduct amongst its corporate members, the Council of the Institution felt the need to evolve a Code of Ethics for corporate members.
2. A corporate member should develop spirit-de-corps among the fraternity and uphold the principles of honesty, integrity, justice, and courtesy to guide him in the practice of his responsibilities and duties to the public and the profession.
3. He should scrupulously guard his professional and personal reputation and avoid association with persons and organizations of questionable character and uphold the dignity and honour of the institution.
The Codes
1. A corporate member will, at all times, endeavour to protect the engineering profession from misrepresentation and misunderstanding.
2. A corporate member will interact with others in his profession by free exchange of information and experience. He will contribute to the growth of the institution to maximum effectiveness to the best of his ability.
3. A corporate member will not offer his professional services by advertisement or through any commercial advertising media, or solicit engineering work, trading, teaching either directly or indirectly or through agencies/organizations in any manner derogatory to the dignity of the profession and the institution.
4. A corporate member will not directly or indirectly injure the professional reputation, work, or practice of another corporate member.
5. A corporate member will not divulge confidential findings or actions of the council or committee of which he is a member, without obtaining official clearance.
6. A corporate member will not take credit for an activity, professional work, engineering proposal when engaged in a team and give due recognition to those where due.
7. A corporate member will express an opinion only when it is founded on facts and honest conviction before a forum, court, commission or at an inquiry.
8. A corporate member will exercise due restraint in criticizing the work or professional conduct of another corporate member which would impinge or hurt his character and reputation.
9. A corporate member will not try to supplant another corporate member in a particular employment, office or contract.
10. A corporate member will be upright in all his dealings with person(s), organizations, in business, contractors, agencies. He should not take actions that lead to groupism, political connotation or unethical conduct in the discharge if his official powers.
11. A corporate member will not misrepresent his qualification to gain undue advantage in his profession.
12. A corporate member will act with fairness and justice in any office, employment or contract.
13. A corporate member will not associate in engineering work which does not conform to ethical practices.
14. A corporate member will not compete unfairly with another corporate member by means, which in the opinion of others, are based on garnering support for personal gain, enlisting uncalled for sympathy, espousing unjust cases or amounts to use of unconstitutional methods.
15. A corporate member will act in professional matters as a faithful agent or trustee.
16. A corporate member will not receive remuneration, commission, discount or any indirect profit from any work with which he is entrusted, unless specifically so permitted.
17. A corporate member will not accept financial or other compensation from more than one source for the same service or work connected thereto, unless so authorized
18. A corporate member will immediately inform his organisation/institution of any financial interest in a business, and engineering work which may compete with, adversely affect or hamper the growth of parent body.
19. A corporate member will engage or enlist the services of specialist/experts when in his judgement, such services are in the best interest of his employer or to the profession.
20. A corporate member will endeavour to develop a team among his colleagues and staff and provide equal opportunity to them for professional development and advancement.
21. A corporate member will subscribe to the principle of appropriate norms, appreciation and adequate compensation for those engaged in office, technical and professional employment including those in subordinate positions.
22. A corporate member, if he considers that another corporate member is guilty of unethical, illegal, unfair practice, defalcation, will not present such information to the Council of the Institution for necessary action, unless armed with substantial proof.


7. ENGINEERING COUNCIL OF INDIA
Engineering Council of India was formed in 2002 with one of its objectives as “to establish a common code of ethics for professional and consulting engineers for adoption by Associations/Professional Societies and to evolve the strategy for its enforcement.” The IEI, IETE, and Consulting Engineers Association of India (CEAI), AICTE, and NBA are the members of this council. The Engineers Bill, drafted in 2004, and aimed to introduce the common codes of ethics, is yet to enter the statute books.




CODES OF ETHICS FOR TATA GROUP18
Several Indian companies have risen to the challenge and have established a reputation for fair play and ethics. Among leaders of IT companies, there are models of good governance.
The 15 million $ Tata Group upholds the leadership with trust as its key asset and holds up the Tata codes of Conduct to its 2.2 million plus employees. Founded on the five core values, namely Integrity, Understanding, Excellence, Unity, and Responsibility, the code is enunciated in 24 canons embracing ethical conduct, conflict of interest, corporate governance, whistle blowing, and national interest, health, safety, and welfare of the public including environmental concern.
An elaborate mechanism to monitor the management of business in each of the 91 member companies is provided. All the IT professionals in the group numbering 50 000 plus worldwide, sign allegiance to the code and in particular to mandates on equal opportunity, prevention of gender inequality, concurrent employment, quality of services, and integrity of data furnished.


ETHICS AND CODES OF BUSINESS CONDUCT IN MNC19
Sarbans-Oxley Act, 2002 (U.S.A.) and New York Stock Exchange listing standards have made many corporate organizations ethics conscious. The organizations are to disclose codes of business conduct and ethics for the organizations.
For example, Texas Instruments a major MNC, has declared that “Ethical reputation is our vital asset. Upon applying values each of the employee can say, TI is a good company, and one reason is that I am part of it”.
Three major values such as Integrity, Innovation and Commitment, have been elaborated in the
form of 28 ethics statements (as pledges to keep) and 17 codes of business conduct have been presented in their documents.
A quick ethics test suggested by TI for all of its employees, without exception, will sufficiently
explain their commitment:
1. Is the action LEGAL?
2. Does it comply with our VALUES?
3. If you do it, will you feel BAD?
4. How will it look in the NEWSPAPER?
5. If you know it is WRONG, don’t do it.
6. If you are not sure, ASK

7. Keep asking until you get an answer.

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