Code Of Ethics

See Attachment

Formal paper:  cover page, APA formatting, References page

Research paper (not an analysis paper)

• Based on your major and chosen profession, identify one of the Professional Associations that provide a code of conduct or code of ethics for your industry.

• • Example: major – Finance, professional career – financial advisor, professional association choices (among others).  You could choose one of the professional associations below — or find another that you like – there are several.

• • • The Financial Planning Association (FPA)
    • The National Association of Personal Financial Advisors (NAPFA)
    • National Association of Insurance and Financial Advisors (NAIFA)
    • The Association for Financial Professionals (AFP)

Use guideline provided in this link and answer questions, using the following headings:

1. Profession:  Based on your major, what profession are you working toward?
2. Professional Association: Identify your chosen professional association (NOT a future employer).  The organization should provide a code of conduct or code of ethics for the entire industry.
3. Specialized Training:  Educational requirements for your chosen profession, membership requirements for joining the Association, is there a special exam required (such as the CPA exam for Certified Public Accountants for accounting majors)?
4. Code of Ethics:  Provide the link to access the code, identify the ethical rules for your profession, and summarize the major provisions.
5. Self-Regulation: Identify enforcement process and consequences found in your chosen professional association.
6. Client-Focus:  What does it mean to serve the interest of others in the context of your chosen profession?
7. Reflection:
8. 1. What have you learned about being an ethical member of your chosen profession?
   2. What challenges have you discovered that might need to be overcome to be an ethical member of your chosen profession?
9. References

 

 

 

BUAD 4101: Business Ethics JagTracks IV Professional Ethics Assignment

 

Instructions: Length: 2-3 pages minimum, no maximum Format:  WORD doc (no pdf), grammar and spell checked, careful proof-reading APA format:   Cover sheet, report, References page Save As:   Lastname  Firstname  Professional Association for _____  (Finance, Marketing, Accounting, etc.) Upload WORD doc in Blackboard

 

Use the following as your headings (without the numbers), and address all of the following:
(See example below)

1. Profession
   1. Identify the profession you are in or intend to join. This should correspond to your major.
      1. Example: if you are an accounting major, you probably intend to join the accounting profession.

Profession

I am working on a BBA degree, with a human resources minor, and my goal is to become a human resources manager.  I plan to graduate in May, 2020.

1. Your Professional Association
   1. Identify the professional association (NOT your future employer) connected to your profession. This association provides a code of ethics or code of conduct for the industry.
      1. Example: as a financial advisor, one might become a member of one of the following.

• The FinancialPlanning Association (FPA)
• The National Associationof Personal Financial Advisors (NAPFA)
• National Associationof Insurance and Financial Advisors (NAIFA)
• The Association for Financial Professionals(AFP)

 

 

Professional Association

To prepare for a position as a financial professional, I plan to join the Association for Financial Professionals (AFP), which serves as an excellent resource norms, expectations and ethical guidelines for my professional development in this field.

Specialized Training or Skill

1. What are the educational requirements to be a member of your chosen profession?
2. Identify any other membership requirements of the professional association and provide a short summary of these requirements.

• If your profession requires the passage of an exam (CPA exam, bar exam, etc.), please discuss that requirement.

Requirements for becoming a financial advisor include  __________  (education, years of experience, certification, etc.).   Specialized training or skill development include  ______ (certification, licenses, etc.).

Membership requirements for the Association for Financial Professionals (AFP) include ____________  (dues, education, etc.)

Specialized certifications include _______  (certification specifications, etc.). for those who wish to specialize as a  ________ (customer service representative, personal banker, mutual fund representative, investment advisor, et.c)

Code of Ethics

1. Identify the ethical rules of your chosen professional association.
2. Provide a link to that code.
3. Write a summary of the major provisions of the code.

The Association for Financial Professionals provides a code of ethics for human resources professionals, and may be reviewed here:   [insert link]

The AFP code of ethics includes:  [insert code of conduct or code of ethics elements here]

The major provisions of this code include:  __________  [highlight items that are particularly important to you and your ethical understanding about this industry]

 

• Self-Regulation
  1. Identify the enforcement process used by your chosen profession.
  2. Write a summary of the consequences for failing to adhere to the code of ethics (and other relevant rules) and discuss the process by which those consequences are enforced.

The AFP requires _______ (rules to stay in good standing), and the consequences for failing to adhere to the AFP’s code of ethics and rules could include  _______  (expulsion from the association, fines, public censure, sanctions from your employer including possible termination, etc.)

The AFP enforces its compliance rules through _________

1. Client Focus
   1. What does it mean to serve the interest of others in the context of your chosen profession?

The financial industry, and financial advisors in particular, expect _________  (fiduciary obligations, trustworthiness, etc.) while serving clients, employers, community (etc.).   This means  _________.

1. Reflection
   1. What have you learned about being an ethical member of your chosen profession?
   2. What challenges have you discovered that might need to be overcome to be an ethical member of your chosen profession?

The financial industry’s code of ethics include all three of the normative ethical theories found in this course:  Virtue, Deontological, and Utilitarian.   [Briefly elaborate.]

Personally, my ethical challenges include __________  (conflicts of interest between what the client wants and what I know to be ethical behavior, etc.)

 

 

 

 

Example:

Profession

I am working on a BBA degree, with a human resources minor, and my goal is to become a human resources manager.  I plan to graduate in May, 2020.

Professional Association

As a human resources management professional, I have already joined the Society for Human Resources Management (SHRM), which serves as an excellent resource for my academic work, as well as my professional development in this field.   [Alternative choices:  Academy of Human Resource Development, American Payroll Association, Association for Talent Development, College and University Professional Association for Human Resources, and others.)

Specialized Training or Skill

The SHRM organization’s membership requirements include…..