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1. Ethics in Finance and
Operations

2. Ethics Of Finance Professionals
ETHICS FOR FINANCIAL PROFESSIONAL
Code of financial professional ethics as per the guidelines of Financial Planning Standards Board India (FPSB):
• Code of Ethic 1 – Client First
Place the client’s interests first
• Code of Ethic 2 - Integrity
Provide professional services with integrity
• Code of Ethic 3 – Objectivity
Provide professional services objectively
• Code of Ethic 4 - Fairness
Be fair and reasonable in all professional relationships. Disclose and manage conflicts of interest
• Code of Ethic 5 – Professionalism
Act in a manner that demonstrates exemplary professional conduct
• Code of Ethic 6 - Competence
Maintain the abilities, skills and knowledge necessary to provide professional services competently
• Code of Ethic 7 - Confidentiality
Protect the confidentiality of all client information
• Code of Ethic 8 - Diligence
Provide professional services diligently

3. Ethics Of Accounting Professionals
ETHICS FOR ACCONTANCY PROFESSIONALS
Code of accountancy professional ethics as per the guidelines of Institute of Cost
Accountants of India (ICAI):
Objectives:
• Credibility
• Professionalism
• Quality of Services
• Confidence
Fundamental Principles
• Integrity
• Objectivity
• Professional Competence and Due Care
• Confidentiality
• Professional Behavior
• Technical Standards
The over-riding motto: ‘pride of service in preference to personal gain’

4. Ethics in Production and Product
Management
Prevailing unethical practices:
• New technologies that are deleterious to health, safety and environment:
• genetically modified food , radiations from mobile phones, medical equipment
• Defective services and products or products those are innately harmful
• alcohol, tobacco,
• Exploiting for testing or experimentation
• Animal testing and their rights, use of economically or socially deprived
• Operations that harm environment
• Air and noise pollution, global warming, increase in water toxicity ,abuse of natural resources
• Toxic products and by-products
• Chinese toys, Acid whey (toxic by-product of Greek Yogurt)

5. Ethics in Production and Product Management -2
Reasons for unethical behavior observed in Indian scenario
Competition resulting into
• Achieving cost efficiency at the cost of reduced quality
• Negligence towards safety, health and environment factors under tight
deadlines
• Side-effects / long-term effects compromised for immediate gains
Preventive measures
• Enacting new laws
• Global Frameworks
• Training for awareness, sensitization