Profit and Integrity: Consultants’ Ethical Standards: Balancing -Part III
Part II of this article has discussed 3 consultants' ethical standards, and Part III will discuss the remaining ones, so keep reading: 7. Considering Industry Guidelines and Best Practices Codes of Conduct Importance 1. Foundational Principles Codes of conduct are the foundation of ethical behavior. They outline the core principles that consultants are expected to uphold, regardless of their field or expertise. These principles often include honesty, transparency, confidentiality, and stakeholder respect. 2. Client Trust Consider a situation where a consultant compromises client confidentiality by disclosing private data out of pure greed. Such behavior erodes confidence and damages the consultant's and the...
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