Distinguish Between the Money and Capital Markets.

Designing Ethics Codes and Programs

We are all very familiar with Ethics Code for Hospitality Managers. All ethics codes have something to do with honesty, integrity, accountability, and so forth. Your text states that the actual code itself may not be as important as the process of devising the code, introducing it to the entire operation, training and talking about the code, and yearly evaluations of how the code is working and whether any changes are necessary to make the code more effective. It's through the process that our employees become aware of what the various principles mean in their daily life on the job.

The easy part is to write the ethics code. We can look at ethics codes that are written for a variety of similar businesses and then take what we like from them, modifying, adding, subtracting, until we come up with something that matches our operation's needs. We can do this as a group or individually.

There are benefits to developing the company's ethics code as a group. Managers will have to introduce and enforce the ethics code to their employees. If they have input in its design, they will be more likely to buy into it and embrace it with some enthusiasm. Upper management, department heads, and line managers should all be part of the design group

If we develop the company’s ethics code individually, we might realize some of the benefits that are derived from a committee development approach by handing out rough drafts to department heads and line managers for input.

Compare Ethics Codes

There are so many ethics codes available for us to look at. Two codes were included in your textbook in Chapters 6 and 8, and FOI's code in Chapter 14. Below are copies of the three codes from your text. I want you to compare the three codes.

Are there items that are industry specific for the particular code. Are any of the Ethical Principles on the FOI Code missing on the other two codes? Are there any items on the other two codes that are not...