Code of ethics: The “ethics” word comes from the Greek term “duty”. The code of ethics means all the responsibilities that professional must respect when carrying out their work. It also contains the core value of the work and the behavior which should be adopted. Example: Professional and confidentiality secrecy are responsibilities contained in the code of ethics and conduct in numerous professions like accountants, lawyers, doctors and journalists. Intent of the code of ethics: The intent of the code of ethics established by a professional order as a way to safeguard public and the status of the professionals. The employee who breach their code of ethics suffer disciplinary actions that can range from a warning or rebuke to dismissal or ejection from their professional order. Privacy policy: A privacy policy denotes a statement that discloses some or all ways an organization would gather, use, disclose and manage data of customers as well as clients. It fulfills a legal requirement for protecting privacy of customers as well as clients. Personal information denotes anything that could be used to identify an individual. It represents a generalized treatment that tends to be more specific and detailed. The exact content of certain privacy policy will depend upon applicable law and need to address requirements across all boundaries.

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Annabelle Sizemore has cashed in some treasury bonds and a life insurance policy that her parents had accumulated over the years for her. She has also saved some money in certificates of deposit and savings bonds during the 10 years since she graduated from college. As a result, she has $120,000 available to invest. Given the recent rise in the stock market, she feels that she should invest all of this amount there. She has researched the market and has decided that she wants to invest in an index fund tied to S&P stocks and in an Internet stock fund. However, she is very concerned about the volatility of Internet stocks. Therefore, she wants to balance her risk to some degree. She has decided to select an index fund from Shield Securities and an Internet stock fund from Madison Funds, Inc. She has also decided that the proportion of the dollar amount she invests in the index fund relative to the Internet fund should be at least one-third but that she should not invest more than…

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Chapter 1, Problem 1EDM

Program Plan Intro

Code of ethics:

The “ethics” word comes from the Greek term “duty”.

The code of ethics means all the responsibilities that professional must respect when carrying out their work.

It also contains the core value of the work and the behavior which should be adopted.

Example:

Professional and confidentiality secrecy are responsibilities contained in the code of ethics and conduct in numerous professions like accountants, lawyers, doctors and journalists.

Intent of the code of ethics:

The intent of the code of ethics established by a professional order as a way to safeguard public and the status of the professionals.

The employee who breach their code of ethics suffer disciplinary actions that can range from a warning or rebuke to dismissal or ejection from their professional order.

Privacy policy:

A privacy policy denotes a statement that discloses some or all ways an organization would gather, use, disclose and manage data of customers as well as clients.

It fulfills a legal requirement for protecting privacy of customers as well as clients.

Personal information denotes anything that could be used to identify an individual.

It represents a generalized treatment that tends to be more specific and detailed.

The exact content of certain privacy policy will depend upon applicable law and need to address requirements across all boundaries.

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