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The Role of a Code of Ethics in Defining a Profession

Posted on January 2, 2021January 22, 2021 by financialeducation

A profession is a vocation that requires specialized education and training. Professional communities reinforce best practices among their participants and often create codes of ethics to codify certain behaviors as either required or forbidden. These codes of ethics act as a general guideline for how professionals should act. In many cases, the codes are expanded…

Ethics Explained

Posted on December 31, 2020January 20, 2021 by financialeducation

Ethics are a set of moral principles that can be used to judge a person’s actions and behavior. Ethics represent the values considered admirable in a society. They help distinguish good (or even obligatory) behavior from bad behavior. Ethical behavior balances self-interest with the direct and indirect consequences of that behavior on others. Ethical principles…

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