Business Ethics and Corporate Governance, Second Edition

PRINCIPLES OF PERSONAL ETHICS

A profession is a vocation or calling, especially one that involves a specific branch of advanced learning or a branch of science, for example, the profession of a doctor, advocate, professor, scientist or a business manager. A professional is one who is engaged in a specified activity as one’s paid occupation like a salaried business manager who is paid for his specific skill in managing the affairs of the business enterprise he is engaged in.

There are certain basic principles people are expected to follow in their professional career. These are the following:

• impartiality: objectivity;
• openness: full disclosure;
• confidentiality: trust;
• due diligence/duty of care;
• fidelity to professional responsibilities; and ...