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Of course, it could be that the finance professor mentioned above did not make a general statement at all about the relationship between ethics and law, but rather made a more subtle point about ethical standards in the areas of competition. After all, ethical rules are different in conflicting situations, and it could well be argued that in the highly regulated world of commerce, companies should feel empowered to use strategies that are not expressly prohibited. Amy holds a master`s degree in high school education and has been teaching mathematics for over 9 years. Amy has worked with students of all levels, from people with special needs to the gifted. I would like to say first that I liked the article and I agree with you. The part I would like to add and point out is that the accounting professor was not necessarily wrong because he taught accounting, and in this world, ethics determine most laws, since the raison d`être of accounting laws and regulations is to present a clear and truthful presentation of the financial situation of the company for the purposes of investors. Thus, in this world, legality determines ethics and ethics determines legality. I know that`s not what you were talking about, but I think you should keep that in mind and that you could help explain to students like the one you mentioned in the article, because I also see it as an ethical respect for other teachers. I enjoyed reading this, although thank you for sharing. The Westboro Baptist Church said they followed all local ordinances and police instructions. They were allowed to strike in an area designated by police about 1,000 feet from the church.

Albert Snyder said he saw the spikes of the signs, but only read their contents when he saw a news program on television afterwards. Evidence was presented showing that Albert Snyder suffered physical and emotional damage, including complications from diabetes and depression. Ethical standards, on the other hand, do not necessarily have a legal basis. They are based on the human principles of good and evil. For example, if you are trying to park your car in a parking lot and there is only one parking space left, the only legal standard you must follow is not to exceed the speed limit or collide with another car. Well, when you see another car about to go to that place, ethical standards tell you not to fight for the place, but to give room to the car that was there first. It is the right thing to do. This is an ethical standard. Imagine being the one who was about to go to town and someone would pass by quickly and park there.

You would feel treated unfairly, and yes, you have been wronged, ethically speaking. […] Ethics and law. As should be obvious, ethics and law are not identical. What is legal is not always ethical and vice versa. A code of ethics usually tries to close the gap: you tell employees what […] Another similarity is that legal and ethical standards are there to help society as a whole. Legal standards are there to allow authorities to punish offenders so that people have some kind of security. Ethical standards exist for the same reason. Both are there to help people feel safe and prevent people from being hurt by others. Ethical standards refer to a set of values that the founders of the institution developed to guide the behavior of the organization. Decision-making can be supported by reference to the code provided here. The organizational culture relies heavily on these standards. They set the expectations of owners and senior managers regarding the behavior of employees and suppliers, at least in the context of the relationship between the two parties.

These principles are widely disseminated and strictly applied within the framework of a corporate governance framework. Leaders can help foster a positive work environment by setting an example for lower-level employees. Most ethical companies aim to develop the moral courage, beliefs, and moral efficiency of their employees. Violations of ethical standards may result in fines, exclusions or other sanctions for the responsible lawyer. Since paralegals are not called to the bar, the lawyer or company they worked for is usually held accountable for their actions. It would be interesting to hear Professor Finance`s opinion on the various issues arising from the SEC`s relationship with investment banks since the 2008-2009 debacle. At this point, it seems that the law itself is quite “fickle” when it comes to determining when an act is illegal. The Abacus case illustrates that what is considered legal is “transactional” while showing that what is ethical is not even worth considering by the perpetrators of the multifaceted misconduct. Remember that not so long ago, the law in the South was that blacks had to sit too much in the back of the bus.

Legal, but not ethical!!! […] By testing them, then maybe they could do it legally, but it would still be a PR disaster. “Legal” does not mean “ethical”. There`s more to running a business than just doing what lawyers say is […] Ethics is the standard of what is right and what is wrong, and it is based on our values. Being ethical requires moral judgment, and it`s not always easy. Ethical behavior requires courage and must be practiced. Public servants feel additional pressure. The ethical decisions we make often take place in public, often from a media perspective. 2. Although the video tries to highlight the conflict that sometimes arises between law and ethics, they overlap more often. Can you give specific examples? Do you believe that the law follows ethics or that ethics follows the law? The main difference between legal and ethical standards lies in the basis of each concept. But the choice is not always so clear, and there are not always rules to follow. Do I vote to invest more money in education or health care? Do I remain loyal to a colleague even if I think he is wrong? Do I keep my word to vote for a bill even if I change my mind? In these examples, there may not be a clear distinction between good and evil.

Whatever decision we make, it is ethical and based on our core values. This brings us to the biggest difference between legal and ethical standards. Ethical standards are based on human rights and injustice, while legal norms are strictly based on what is written in the law. It is very possible that an action is legal, but not ethical. As in the example of solitary parking, both cars adhere to legal standards, but the one that takes the place away from the other driver who was there first does not take into account an ethical standard. Another difference is that legal norms are written by government leaders, while ethical norms are written by social norms. For example, in the United States, the social norm is to stand in line. A person would violate an ethical standard by cutting in the line.

However, this is not the case in another country. The social norm in this country could be that whoever is able to reach the door first can walk through the door first. In such a society, it is perfectly ethical to stand in line to reach the door first. […] our exploration of the relationship between ethics and law. (Two weeks ago, we discussed why what is legal is not always ethical; last week, we explored why it can be difficult to obey the law and therefore sometimes break the law[…] At the District Court level, Albert Snyder received a total of $5 million in damages, but the Fourth Circuit later overturned that decision. It was later challenged in the Supreme Court, which upheld the Fourth Circuit`s decision that the Westboro Baptist Church was subject to its First Amendment free speech rights. The main message of their signs was about their general public message and not about a particular person, even if it was hurtful. The court`s decision states, “Because this nation has chosen to protect even hurtful statements on public issues to ensure that public debate is not stifled, Westboro must be shielded from any responsibility for its picket lines in this matter.” To learn more about ethical responsibility, check out our Video Series Of Being The Best Of Yourself.

These videos explore various important elements for making moral decisions and acting ethically.