Ethics and Regulatory Framework: Recommendations and Conclusion

This report delves into the crucial role of ethics and regulatory frameworks within organizations. It emphasizes the importance of establishing a supportive environment that encourages ethical behavior among employees. The report explores the significance of ethical regulators, value-founded ethics, and the need for a strong code of conduct. It highlights the impact of organizational culture, incentives, and actions on ethical practices. Furthermore, the report provides recommendations for developing ethical standards, promoting transparency, and fostering a culture of accountability. The conclusion reinforces the significance of ethics and regulatory frameworks in ensuring the credibility of decision-making processes and mitigating unethical conduct. The report references various studies to support its arguments and recommendations.

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Contents
Introduction................................................................................................................................2
Ethics and regulatory framework...............................................................................................2
A policy of supporting the ethical behaviour.........................................................................2
Ethical regulators...................................................................................................................3
Value- Founded Ethics...........................................................................................................3
Recommendations and Conclusion............................................................................................4
References..................................................................................................................................6

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Introduction
According to various researches it is seen that in an organization there are various people
who break rules. The decisions are mostly made by the people and not by the organizations.
Although most of the reasons for this are because of the structure, systems, objectives and
culture a person operates in. thus there should some rules and regulations which should be
followed by the employee and the focus on achieving compliance with laws must be affecting
both on the behaviour of employees as well as the organizational environment (Slade and
Prinsloo, 2013).
It is very important to have ethical values of the individuals, work groups and the business
with those of the wider society in which they exist. Maintain and reaching consensus on what
a society regards as ethics gives rise to the need for ethical education as well as the on-going
discussions, reminders and checks
Ethics and regulatory framework
A policy of supporting the ethical behaviour
A regulatory framework should encourage and should also support the ethical behaviour by
all the employees of the organization. The company should always focus on adopting the
right culture, incentives and action that support and do not disturb the effort of the people and
the organizations to behave in an ethical manner. for example: the enforcement strategies and
the practices of the regulators and courts along with the business internally. One should
always promote and recognise the commitment of business in an ethical approach (Wright,
2011).

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It is very important to influence both the group behaviour along with the individual
behaviour. The culture of an organization is one of the most important things
Ethical regulators
It is important for all the business regulators to make sure that they are themselves
demonstrably adopting the highest ethical standards. This also follows inevitably from the
well-established areas of integrity and independence that are very important in order to
maintain the legitimacy.
Apart from this it is very important to have an open culture in the organization; transparency
is one of the main features of the ethical environment. The regulatory framework in which
maintenance and learning of performance is one of the most important thing. This approach
simply means that both the human and system error are unavoidable and thus the main thing
is that why the issues or the problem occurred and what factors were the main cause of the
event (Levine, 2010).
The policy also states that individuals should volunteer out the information of they fear
attracting blame or any kind if criticism and they should always inspire an “ open culture”
of distribution and interrogation instead of playing the “ blame game” culture.
Ethics is one of the most important things for the business in order to establish and the make
sure that each and everything in business is strong about the assignment, standards and
supervisory the values of the business. Ethics helps in given that workers with the outline of
which the rules happen, from a controlling and the law implementation (Owen, Stilgoe,
Macnaghten, Gorman, Fisher, and Guston, 2013).

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Value- Founded Ethics
The moral behaviour can also go outside the smallest obligatory by the regulation and the
laws. the value founded morals get to the heart by the business culture. It actually helps in
defining the way in which business should be seen by the community. It also helps in
establishing the component of the brand beyond the service and the products (Altavilla,
Manfredi and Baiardi, et al , 2012).
One of the main things for ethics in a regulatory framework, the last thing is the equal of
professionalism that can be expected from the employees of an organization this might
comprise honesty, truthful sales performs and deferential behaviour to colleagues.
Recommendations and Conclusion
1. This is the main reason because of which it is important to develop the code of
conduct and the code of ethics as this development helps the employees to focus on
the ethical consideration and helps in reducing the chances of unethical behaviour
from occurring in the first place (Ross, Loup, Nelson, Botkin, Kost, Smith. and
Gehlert, 2010).
2. This mainly helps in producing a better quality of decision which also includes the
diverse interest and the perspective and also helps in increasing the credibility of the
decision process and the outcome by reducing the unfair bias
3. When emerging the values declaration throughout strategic planning, comprise
ethical standards favoured trendy the factory. When emerging workers policies,
reproduce on what ethical values you’d like to be most protuberant in the
government’s philosophy and then project rules to food these behaviors.
4. It’s vigorous that the government’s staffs touch a intellect of contribution and
possession in the package if they are to follow to its moral values. Consequently,

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comprise staffs in emerging and working the package (Schilsky, Michels, Kearbey,
Hudis, and Michels, 2014).
According to various researches it is seen that in an organization there are various people
who break rules. The decisions are mostly made by the people and not by the organizations.
Although most of the reasons for this is because of the structure, systems, objectives and
culture a person operates in. thus there should some rules and regulations which should be
followed by the employee It is very important to have ethical values of the individuals, work
groups and the business with those of the wider society in which they exist, thus report has
discussed the importance of ethics and regulatory framework and at last various
recommendation are there which can help a company to have an ethical environment.

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Levine, A.D., 2010. Self‐regulation, compensation, and the ethical recruitment of oocyte
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Owen, R., Stilgoe, J., Macnaghten, P., Gorman, M., Fisher, E. and Guston, D., 2013. A
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