Not knowing what the violation was exactly it is hard to determine whether the agent’s authority should be terminated. Generally, when an agent acts in violation of his or her ethical or legal duty to the principal, that action should terminate the agent’s authority to act on behalf of the principal. The relationship between an agent and principal is based on trust and that develops a fiduciary relationship. With having this relationship, the agent must serve the interests of the principal and has certain duties that they need to fulfill. The agent’s duties include being loyal and obedient, informing the principal, and performing with reasonable diligence and skill. Agent’s also have ethical rules that need to be fallowed. If an agent violates their ethical or legal duty, it is not fair to the principal and they should not be allowed to continue to act on their behalf. …show more content…
With that being said, an agent-employee has to abide by their own ethics and that should override the employee’s loyalty to the employer. If the employer asks something of you that goes against your ethical values, then you need to take your values into consideration first. However, you also need to abide by the professional code of ethics and
You must remember that employees are the guardian of the Company’s ethics. The ethical code is not intended to cover every situation or applicable law and provide answers to all questions that might arise. Employees are encouraged to speak to supervisors, managers or other appropriate personnel if in doubt about the best and moral course of action in a particular situation (Ruby Tuesday, Apr
Agency Problem: “The difficulties that arise when a principal hires an agent and cannot fully monitor the agent’s actions.” (Cornett, Adair, & Nofsinger, 2016, p. 15).
2. When an agent acts in violation of his or her ethical or legal duty to the principal, should that action terminate the agent’s authority to act on behalf of the principal? Why or why not?
Due to several recent occurrences of being challenged on ethical compliance issues from the Compliance Officer, prohibiting partnerships with local community organizations, businesses, and VSOs, I am writing to receive guidance on how I should proceed. Recently two of our VSO organizations provided an annual cookout for the Veterans and staff at the Sumter CBOC; the event generated positive media coverage. The Veterans and staff were pleased to be the recipients of this event, because they cannot always travel to enjoy programs at the medical center in Columbia. In response to the Summer of Service, the VSOs and Volunteers were honored to show their appreciation to the Veterans for their service and the staff for the care they render to our
1. Discuss an ethical dilemma that you have had to face in the workplace. Ethical dilemmas
A sole practitioner, Charles, who specializes in real estate and business law employs a receptionist/errand person and one long-term paralegal named Jane. He subsequently hires a very good-looking paralegal, Susan, who had worked for a colleague for several years. His colleague was retiring and asked if the sole practitioner was in need of an excellent real estate paralegal. Charles consulted Jane about hiring Susan and Jane agreed that they were on friendly terms in the legal community and that Susan would be a great addition to the firm. Several months after Susan was hired, one of Charles main clients who accounts for 60% of Charles real estate work and overall revenues asks Susan to meet him for lunch which she does. Over the course of time, the lunch dates become more frequent and lengthy. Charles then learns that the wealthy mainstay client wants to take Susan to Paris for a week as well. Both the wealthy client and Susan were previously divorced and are currently single.
In this Code of Conduct the term "customer" includes both potential and existing Clearview Energy (CV) customers. The term “Agent” is defined as a CV field or door-to-door representative.
In the workplace as well as one’s personal life is essential for ethics to be maintained; often taking the right action is not always the most popular choice. It is important for maintaining an upstanding ethical code of conduct to be a productive individual as well as function as an employee in the workplace.
At the BSSL we would like to make work a legal, profitable, and comfortable environment to be at during your careers here with us. We are going to start implementing an open door policy. We want all employees to feel they can speak with any member of management, without risk or fear of loosing their jobs, if they feel uncomfortable about something they are asked to do here. Also, all employees need to keep their eyes and hears opened for illegal and unethical behaviors. If an unethical or illegal behavior is reported and proven we would like to offer the employee that comes forth with the information a reward to show our
Understanding the legal relationship between an agent and a client is fundamental to accurately interpreting the ethical dilemmas
Ethics is the application of one’s personal beliefs and the impact on how a person makes decisions regarding the relationships involving a company. The most common agents that involve a person’s decisions are owners, employees, customers, clients,
Ethical dilemmas are particularly sensitive issues in the workplace because the well-being of the individuals and the organization as a whole are at stake. Employees must feel as though they are being supported and not punished, and should not feel as though they were being put on display; their dignity should always remain intact. This paper examines how, as a high school principle, I would address the issue of one of the high school teachers becoming addicted to prescription drugs.
Ethical consideration is required when conducting business in the 21st century for many reasons. First of all, there is nothing wrong from being ethical, in the contrary you will gain people’s trust and chances for your company to be more reputable are much higher.
Personal values may conflict with ethical decision making if those personal values are different than the organizational norms of the business or institution. Constructing, and maintaining personal ethics in the workplace rests with the individual, and how willing he or she is in assimilating to the evolving cultural dynamic of the corporate world. Many times a person find their personal, cultural and/or organizational ethics conflicting and must reconcile a course of action that will mitigate cognitive dissonance. In order to be a productive member of society, in small groups and globally, one must reconcile these conflicts on a daily basis and continually move forward while maintaining personal integrity and
Ethical behaviour is what all career people should aim to have. Not just the ethical attribute but exceptional behaviour with this regard.this is because in order to build a career, one must be governed by the rules of ethics to safeguard oneself and others. Ethics are essential in the workplace because a tough ethical code provides a non-threatening environment with high