AGENCY LOYALTY #acting to fulfil one’s contractual duties. (OBLIGATION) Employees need accept and obey as long as does not violate norms of moral decency and within the area of authority. ATTITUDE LOYALTY EXECUTIVE AUTHORITY #willingness, with personal attachment, affirmation and trust. (NOT an OBLIGATION but it adds value to the work done) #The right to exercise power based on the resources of an organization. EXPERT AUTHORITY #The possession of special knowledge, skill or competence to perform some task or give advice. A conducive working environment for responsible conduct. FOUR defining features of an ethical corporate climate: Ethical values are appreciated by managers and employees alike #1 #2 Ethics are honestly applied like incorporation of company’s code of ethics. Top management sets the moral tone in by personal example. #3 #4 There should be procedures for conflict resolution#4 EMPLOYER CONFIDENTIALITY: 1. Privileged information - information that is legally protected so that it does not have to be given to the public. 2. Proprietary information - information that the company owns (trade secret) 3. Patents 4. Employment contract on postemployment. JUSTIFICATION 1. Respect autonomy (freedom, selfdetermination) of individuals and corporations and recognize their legitimate over some private information concerning themselves. 2. Trustworthiness – ability to be trusted builds confidence CONFIDENTIALITY The duty to keep all information whether an employer or a client. Confidentiality remains even after changing jobs. CONFIDENTIALITY MISCONDUCT 1. CONFLICT OF INTEREST - potential to distort good judgement in faithfully serving an employer or client 2. INSIDER INFORMATION - Using “inside” information to gain advantage or set up a business opportunity for certain party. 3. BRIBES - money or goods offered beyond a stated business contract typically in secret. 4. GIFTS - token of gratitude in conduct of business 5. KICKBACKS - Prearranged payments made, in exchange for contracts. 6. RULE OF THUMB - DO NOT accept a gift that would embarrass your company if disclose.