Family Trough. A local bank permits its executive officers and their families to temporarily overdraw on their accounts with no additional penalties. When some shareholders discover this, they complain that it is an unsound and unfair business practice. The executives respond that they are not acting illegally.
The word "ethics" is derived from the Greek word ethos (character). In philosophy, ethics defines what is good for the individual and for society and establishes the nature of duties that people owe themselves and one another. Many acts that would be widely condemned as unethical are not prohibited by law.
Law is not necessarily the same as morality; there are many moral rules that are not regulated by human legal authorities. Laws and rules are generally designed to regulate activities that can be publicly observed. But breeches of moral principles are a different story. They often involve acts that are not illegal but simply unethical.
Ethics is defined as the study of the way of life set forth and applied to the daily demands and decisions of our daily lives. We make ethical assumption by considering our duties, the character of being a good person, the relationships involved in a moral decision, and how our action supports them.
Ethics isn’t apart from what we do; it is a part of everything we do. For us as individuals, the situation required integrity and values, which is something you as individuals do not have. While none of us is perfect, we are called to be made perfect by modeling our lives on the Lord. A commitment to integrity of life is a deeply personal decision. We must be responsible for our own personal integrity as we hold one another accountable for theirs.
When our conduct models the Lord’s, it can inspire and motivate other people. But when we fail to serve others in a manner that is faithful, it can undermine the trust that others have in us.
As a bank executive officers’ they were unprofessional and dishonest. No matter how...