Evaluation of a Business Code of Ethics

Berline Jean Baptiste

01/10/2012

PHL/323

Evaluation of a Business Code of Ethics

JP Morgan Chase, want to be the best financial services company in the world. Because of their great heritage and excellent platform, they believe this is within their reach. Furthermore, the purpose of their Code of Ethics is to promote honesty and ethical conduct and compliance with the law, particularly that’s related to the maintenance of the firm's financial books and records and also the preparation of its financial statements. The obligations of this Code of Ethics supplement, but do not replace, the firm's Code of Conduct. Also compliance with this Code of Ethics is a term and condition of their employees. The firm will take all necessary actions to enforce this Code, up to and including immediate dismissal. Violations of this Code of Ethics may also constitute violations of law, which may expose both, the employees and the firm to criminal or civil penalties.

The type of ethical system used by the JP Morgan Chase is entitlement ethical. I came to that conclusion because an entitlement is a guarantee of access to benefits based on established rights or by legislation. A "right" is itself an entitlement associated with a moral or social principle, such that an "entitlement" is a provision made in accordance with legal framework of a society. Typically, entitlements are laws based on concepts of principle "rights" which are themselves based in concepts of social equality or enfranchisement. For example as stated in the Code of Ethics JP Morgan Chase Comply with applicable government laws, rules and regulations of federal, state and local governments and other appropriate regulatory agencies.

The Code of Ethics is to promote honest and ethical conduct and fulfillment with the law, particularly as connected to the preservation of the firm's financial books and records and the preparation of its financial statements. At JPMorgan Chase,...