Evaluation of a Business Code of Ethics Research Paper - 4

Evaluation of a Business Code of Ethics - Research Paper ExampleThe assert is engaged in commercial beaching and related services, as defined in the Banking companies ordinance 1962, operating through various branches in Pakistan, Bahrain, Bangladesh & Afghanistan, with the registered office at B.A Building, I.I. Chundrigar, Karachi.To draw & deliver the most innovative products, manage customer experience, deliver quality services that contributes to brand strength, establishes a competitive advantage and enhances profitability, thus providing value to the stakeholders of the bank.There are various opinions on ethics because it is not a constricted subject and thus there are various theories. Although n peerless of these roll in the hay be regarded as incorrect but each whiz has its merits and demerits (Collins, 2009, 120). Below are examples of commonly used ethical systemsRelative Value Theory accepts the submit for evolution of moral codes. This theory gives room for differ ent cultures, races, religions and sects by realizing that any particular act can be regarded as ethical in one society whereas the same act can be considered as immoral in another.Absolute Value Theory in contrast believes in one set of moral rules that stay consistent in every situation. Since this concept is very rigid thus is mostly applied on international truths e.g. slay by one person of another stays unacceptable irrespective of any society, religion or sect.Deontological Approach (non-consequentialist) suggests that any action will be judged as right or wrong on the basis of the moral behind the action. Thus the outcome or consequence of the action bears little importance.teleological Approach (consequentialist) pays heed on the results of the actions rather than the motivation for the action. Thus two different opinions can be formed that whether the action is exhaustively for oneself (egoist) or if it is good for the society (utilitarian).If we look at the code of ethic s of Bank Alfalah Limited it is visible that they are based on