Ethics

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Ethics

Standards of conduct or moral judgment.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Ethics

The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The report indicates in brief what factors may have a negative impact on the owner-managers' ethical practices, but how would these ethical priorities and practices be effected under pressures such as the threat of bankruptcy.
" I am going to hold to NTPC to this when I am continuously telling them you have to be the world's most valuable power company in the next four years." ' To my mind, ethical practices and good governance can possibly add as much to the Indian economy as GST could,' said Goyal
HE Jawaan Awaidha Suhail Al Khaili, Chairman of ADIB said, "ADIB is committed to develop Islamic finance in the region and a large part of what we do is based on following best ethical practices. ADIB Institute of Islamic Economics and Ethics will launch a pioneering program designed to promote business ethics in the region.
This exercise is central to a preventive maintenance approach to ethical practice. The goal here is to reduce risk as much--or more--than maintaining our usual focus on after-the-fact detection and correction.
IS urges all nonprofit and philanthropic organizations to adopt a code of ethical practices, conduct an annual ethics audit, abide by a set of standards, and involve their constituencies in these processes.
A wave of new thinking about success, opportunity, and responsibility has given rise to new ways of evaluating work opportunities based on their ethical practices, management models, and measures of social and environmental responsibility.
The initiative by AHCA, AAHSA and the Alliance for Quality Nursing Home Care (a coalition of major national provider chains that care for thousands of elderly and disabled residents annually) endorses seven core principles: continuous quality assurance and quality improvement; public disclosure and accountability; patient/resident and family rights; workforce excellence; public input and community involvement; ethical practices; and financial stewardship.
In May 2001 testimony published prior to presentation before the Subcommittee on Public Health of the Senate Committee on Health, Education, Labor, and Pensions, she said, "While the guidance and information on informed consent are extensive, [the National Bioethics Advisory Commission] has suggested that in general, the federal guidance continues to emphasize documenting the subject's consent rather than focusing on the ethical practices for obtaining this consent."
In addition to this board-adopted official statement, we also have a component of our "Exemplary Ethical Practices for Camp Directors and Owners" that states:
So while government should regulate fetal-tissue research to ensure ethical practices, they say, there is no reason to waste such a potentially beneficial biological resource obtained from a perfectly legal procedure.
The purpose of In the Public Interest is to help organizations develop stronger ethical practices by developing their own internal whistleblowing systems and providing protection and incentives for whistleblowers to speak out safely.
The papers discuss sexual violence in a Nigerian college of education; teacher abuse of authority in order to supplement incomes in Cambodia; a survey of ethical practices among faculties of universities in Georgia, Kazakhstan, and Kyrgyzstan; anti-corruption activities by students in Macedonia; and educational corruption and European Union policy and institutions.