1. Presentation on Ethical Standards
Presented by
Nabina Regmi

2. Ethical Standards
Ethical standards are the moral principles which promotes various good values/virtues by promoting honesty, integrity, utmost good faith among employees, protect consumers interest by providing fair treatment, qualitative product and also safeguard the well-being of the society.
Ethical standard in organization is represented through the values, mission, code of conduct.
Ethical standard helps to take right decisions in case of ethical dilemmas.

3. Ethical Standards
Ethical standard is at very delicate and initial phase in case of Nepali firms.
Various private and public initiatives has been undertaken to promote ethical standard.
The set code of conduct must be regularly updated with the changing situations.

4. Why ethical standard?
Ethical standards are the basis for customer retention and brand value acquisition.
Importance of ethical standards are as follows:
Maintain quality
Customer satisfaction
Protect the customer from being beguiled
Regulate unfair trading practices
Attract investors, lenders and employees

5. Level of ethical standard in business organization
Law
Laws define the difference between wright and wrong, and what is considered acceptable behavior by the majority of people.
Policies
The level of ethical standards for a business organization concerns with its internal policies and procedures. The business creates these as a guidelines for its manager and employees to follow.

6. Individuals Consequences
Though a business organization may be bound by applicable laws and internal policies, adherence by individual determines the true integrity of the company.
Consequences
There are notable consequences for a business organization when it ignores or breaks the ethical standards at each level.

7. Ethical standard by government
Quality/quantity
Price fixing
Monopoly
Carteling
False advertisement

8. Some code of conduct to follow in the business organization

18. Thank you