2. GROUP MEMBERS GROUP
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1. KAYITESI Deborah
2. SAFARI Anicet
3. URAYENEZA Gylene
4. NSHIMIYIMANA Faustin
GROUP
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3. Learning objectives
After this presentation you will be able to understand contemporary
ethical financial issues:
1.Poverty
1.Corruption
2.Fundraising
GROUP
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GROUP
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4. Introduction
Ethics:refer to the study of moral values and
conduct.
Ethical issues: as a given decision, scenario or
activity that creates a conflict with a society's
moral principles
5. Poverty
According to World vision (2021) poverty refers to lacking
enough resources to provide the necessities of life such as
food, clean water, shelter and clothing.
When we see people suffering from materially and
psychologically desperate conditions, we are compelled to
act, but it is not the case to some members of the society
in which we live in where by the ethical issues may rise
such as โselfishness, blame people to be the root Cause of
their poverty, and lack of commitment to act by the
concerned authoritiesโ employeesโ
6. ๏ผ SELFISHNESS
According to Websterโs
Dictionary, selfishness is
โcaring supremely or
unduly for oneโs self.
Without take into
consideration of other
peopleโs interest nor
willing to help those who
are in need even if you
have capcity to do so.
7. ๏ผ SELFISHNESS
selfishness will lead to the increase of hatred,
theft, murder, and other bad behavior arising
from obsession from the extreme poverty and
lack of love of the community, which we end up
complaining about without realizing that it
should be kept to the minimal level if we
extended at first time the helping hand to the
one in need to get them out of poverty before
things get worse.
8. ๏ผ SELFISHNESS
by caring self-interest only it
create the gap between poor
and rich people which most
often promote the conflict
among the society whereby
the level of needs differ and
sometimes the selfishness
might lead to want even few
the poor has for them (rich) to
continue accumulating wealth
at the expense of poor.
9. ๏ผ SELFISHNESS
โso long as the human is a social animal we need
to live in the society where we feel love and safe
and comfortable otherwise they will be always
conflicts arising from unsatisfied needs of some
members of the society which could not even
exist if selfishness kept at the low levelโ
10. BLAME OF PEOPLE TO BE THE ROOT CAUSE OF
THEIR POVERTY
There is a bible verse in Galatians 6:7 which says โDo not be
deceived: God cannot be mocked. A man reaps what he sowsโ. Many
people build their beliefs on that to support the blaming character to
the people who are in the poverty line so that they may feel that they
have nothing to help them to get out of poverty.
We cannot always say that because of someone is poor it is because
he/she is lazy, doesnโt want to work, or something else that could
make them feel guilty, sometime people who are under the poverty
line want to vote themselves out of the island but due to the lack of
support of the community to get out of it they keep being poor,
11. Cont.
instead society keep watching and blaming them this is ethical
issue which we believe it should be at minimal level and increase
the level of understanding the people who are in under the poverty
line so that we the society members we can contribute to the
poverty alleviation in the society that we live in instead of shift the
responsibility of helping as a member of the society which we
should pursue to create a happy society.
13. Does the organization or authority help people to lift themselves out
of extreme poverty?
Often these arguments are based on demonstrably false beliefs,
such as the idea that aid or budget organizations use most of the
money given to them for administrative costs, so that only a small
fraction gets through to the people who need it, or that corrupt
governments or institutions in developing nations will take the
money. In fact, the major aid organizations use no more than 20% of
the funds they raise for administrative purposes.
14. there are other people who are in the concerned institution with the
mandate to alleviate poverty who want to satisfy their need in the
fund designed to alleviate poverty that left the ethical issue of misuse
of the fund to the unintended purpose.
16. Corruption cont.
Corruption: is giving or obtaining advantages through means
which are illegitimate, immoral and/or inconsistent with ones
โduty or the right of others, Corruption is a complex social,
political and economic phenomenon that effects all countries and
hinders law.
17. Corruption cont.
The basics, corruption can take many forms and can include
behaviors like:
๏ฑPublic servant demanding or taking money or favor in
exchange for services.
๏ฑPolitician misusing money or contracts to their sponsors,
friend, and families, and
๏ฑCorporations bribing officials to get lucrative deals.
18. Corruption cont.
there is a universal sense of duty or obligation attached to it. To do it
makes one morally good and to refrain from it is morally bad, e.g. the
act of sharing oneโs bread with the hungry. This is on the positive side.
On the negative side, some acts naturally carry with them negative
obligation like the acts of adultery, cheating, lying, giving or taking bribe,
embezzlement of public funds etc. We have the natural obligation not to
do them. To do them makes one morally bad and to refrain from them
makes one morally good. In relation to this ethical system one,
therefore, sees that corruption is a morally bad action or an immoral
act.
19. Corruption cont.
To do them makes one morally bad and to refrain from them makes one
morally good. In relation to this ethical system one, therefore, sees that
corruption is a morally bad action or an immoral act. It goes contrary to
right reason that one should appropriate what is meant for the public to
assuage oneโs private interest or that one should use his position as a
public servant for self-aggrandizement or for private gain, at the
detriment of the common good. Right reason cannot also tolerate this
type of action because it goes contrary to the natural law enshrined in
the universal human moral sensibility.
20. Corruption treatment in Rwanda
Parliamentarians on May 30, 2017, agreed that corruption is open
theft and it should be treated as a criminal offence instead of an
administrative error.
The 25 article law was tabled by the Public Accounts Committee
(PAC) which said that corruption cases will be punishable with more
than 5 years in jail and convicted persons will have to pay back two
to three fold of what they embezzled.
21. Corruption cont.
By considering the adherence and to fight for good to the society every
member of society should strive to fight against corruption by keeping
in mind the following key messages:
๏ Corruption hinders sustainable development and the respect for
human rights
๏ Everyone has a role in preventing corruption by acting with personal
integrity and making ethical choices
๏ Citizen and youth participation is critical to combating corruption.
23. Fundraising
Fundraising or fund-raising is the process of seeking and gathering
voluntary financial contributions by engaging individuals, business,
charitable foundations.
When an organizations are able to maintain high ethical standards, they
are more likely to receive the funds they need to stay afloat. This is why
it is important for such organizations to remain above reproach in terms
of fundraising practices.
24. Areas in which ethical issues may arise
๏ผ Soliciting / accepting donations from corporates
๏ผ Funds arising from the proceeds of gambling
๏ผ Messaging, including (disturbing) visual content
๏ผ Data protection and contact frequency with donors
๏ผ Soliciting legacy and in memoriam gifts
25. Need to understand the corporateโs motivation:-
โข Greenwashing :is used to describe the practice of companies
launching adverts, campaigns, products etc. under the pretense that
they are environmentally beneficial, often in contradiction to their
environmental and sustainability record in general
โข Brand promotion: is the marketing communication strategy to
inform, persuade, convince, and influence the decision making
process of buyers when they choose a particular brand
26. Corporate fundraising
Corporate fundraising Things you need to think about:
โข Synergy between your brand and the corporateโs brand
โข Corporateโs motivation
โข Impact on reputation
โข Also โ are there conditions attached to the donation?
27. Gambling
Some religious organizations will not accept donations that
arise from the proceeds of gambling
โข Grants from the Big Lottery Fund and associated bodies
โข Raffles, 50/50 clubs, bingo, race nights, etc.
28. Public fundraising
Some fundraising methods are contentious and sometimes unethical,
which may alienate or upset members of the public, such as the use of:
โข excessively emotive language
โข distressing images of beneficiaries
โข targeting and pressuring vulnerable donors who may not be able to
afford or understand the terms of the donation
29. โข Insistent and repeated phone calls, mail or emails
โข Enclosing a product such as pens, umbrellas or other items in
mailings to generate donations through financial guilt
30. Suggested headings in a policy:
โข Ultimate and delegated responsibility for the policy
โข Vision, mission and values of the charity
โข Issues addressed by the charity
โข Corporate support
โข Gambling (if appropriate)
โข Individual fundraising methods
Suggested headings in a policy
