Code of Ethics Assignment Example | Topics and Well Written Essays - 1000 words

Code of Ethics - Assignment slip4. Free competition The savings banking and finance industry believes that free and fair competition is the basis of the free food market economic system and avoids collusive, anti-competitive discussions and/or agreements with competitors.7. Conflict of cheer private descent interests. Employees who argon the bank or financial institution employees owe their devotion to their employer. They mustiness avoid participating in whatsoever decision, by or on behalf of their bank, which may affect any private business in which they have an interest unless they have disclosed the nature and extent of that interest to a relevant superior in the bank or financial institution.8. Conflicts of interest citizenship duties. Banking employees who discharge citizenship responsibility through membership of public or quasi-public decision-making bodies (school boards, townspeople councils, etc.) should be diligent to possible conflicts of interest and declare an y such conflict (Frederick 157).9. Customer silence and employer information. ... 8. Conflicts of interest citizenship duties. Banking employees who discharge citizenship responsibility through membership of public or quasi-public decision-making bodies (school boards, town councils, etc.) should be alert to possible conflicts of interest and declare any such conflict (Frederick 157). 9. Customer privacy and employer information. Employees must enjoy their employers obligation to protect the confidentiality of customers affairs. Similar respect must be paid to the privacy of fellow employees. In addition, certain information about the banks or financial institutions plans, methods, and activities is considered by the employer to be proprietary and confidential and members must not disclose such information without proper sanction. 10. Inside information about the employers affairs or those of customers shall not be used by employees for their own gain, or for that of others. The b ank requires a heist level of confidentiality. 11. Employees are obliged to report any illegal behavior and actions.12. Employees are obliged to report any illegal behavior and actions.13. Banking employees shall not use their employment status to seek personal gain from those doing business or seeking to do business with their employer, nor accept such gain if offered.14. Social responsibility Employees who are managers should give full consideration not only to traditional financial factors but also credibly economic and social effects of their decisions (Frederick 154-155).