Personal & Professional Ethics: Role of Corporate Governance in Structuring Ethics and Social Responsibility

[Year]Ethical values and
social responsibilities
Ethical values and
social responsibilities

PERSONAL & PROFESSIONAL ETHICS 1
Introduction
Ethics is a system of moral and ethical values and principals. They mostly affect
people’s lives and their decision (Borenstein, 2019). Personal and business ethics are
very important to human lives. Ethical values are those values and principals which
decide what is good and right for the people and the society also and assessed moral
philosophies (Dierksmeier, 2018). Ethics have some character or dilemmas, such as
how to live a decent and respectable life, human rights, and duties, the dialectal of the
wrong and right and moral decision that what is good or what is bad. However, there is
a key differentiating point amid the personal ethics and the professional ethics (Pozgar,
2019).
Increasing ethical issues brings society’s concern, whether it is "Australian Misconduct
in the Banking" or "Uterus transplant in a women case". These increasing Ethical issues
are here in everything that humans do. No matter how small or large scale of the work
is. Ethical issues make this world and society little more complicated it is tough to
become a good person in such a society where people breach everyone’s trust and
their own values (Luhmann, 2018).
This report will analyze the role of personal and business ethics in the society also
defining the role of corporate governance in structuring the Ethics and social
responsibility.

PERSONAL & PROFESSIONAL ETHICS 2
Ethical issues
Whenever making choices it is possible that everyone has a different one. But the thing
which matters is what is right/ wrong. Ethics is possible when people could go contrary
to nature based on their morality. It safeguards from just portraying what is perhaps
going to take place and allows in the making of decisions regarding what ought to occur.
Of the considerable number of ways, individuals may act, which is the best? Of the
considerable number of conceivable outcomes, which one should individuals bring into
the real world? That is the issue moral tries to reply (Hutchison, 2019).It is tough to
survive in such an environment where everyone is being selfish and conflict
environment.
Personal and professional Ethics
There are two types of ethics personal and professional ethics. Individual ethics refers
to those values which an individual carries to deal with the situation in their everyday life
(Bailey, 2018). Professional ethics are those that an individual should adhere to in
respect of business dealing and interaction in their professional life. But in some
situation personal and professional ethics might clash and cause a moral conflict. This
scenario can be understood by a case in Australia where a team of doctors transplants
a uterus to Lolita. According to the doctors, the uterus transplant was risky, as an earlier
human transplant in Saudi Arabia in 2000 and turkey in 2011 was failed. In the first case
of Arabia, the uterus underwent necrosis (premature cell death of an organ’s tissues). In
the other one uterus was taken from a dead donor who was failed to carry the
pregnancy to term (Natash Mitchell, 2019).
In this case, the team of the doctor was bounded with their professional ethical values
as they knew that there is a risk to transplant the uterus in her. The previous
transplantation was unsuccessful and the penitent has to take heavy immuno-
suppressant drugs after transplant which can cause other side effects in her body.
But on the other side, the patient wanted to become a mother, and there is always
pressure on women to be a mother. Lolita desperately wanted to be a mother.
According to do Human right act Lolita has all the right to take their own decision
especially when it is related to her body only. The doctors have to respect the rights and
freedom of choice. The team of the doctor has to transplant the uterus in Lolita’s body.
With this case personal and professional values can be identified and how both
personal and professional clashing each other.
Stakeholders, Business Ethics and CR
A professional individual or a business has to identify the stakeholders and how they
are affected by their decision making (O’Brolcháin, 2018). With the case of a uterus
transplant, the stakeholders are all those women who are also suffering this disorder. All
are impacted by the decision. There are many women are suffering from this problem
and not able to be a mother and there is a chance after this case they would get ready
to transplant the uterus, the risk would arise.