Compare And Contrast The PMI Code Of Ethics And Professional Responsibility

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Ethics and Professional Responsibility
The frequency of scandals within the business world has given rise to corporate trends and buzzwords such as corporate social responsibility (CSR) and professional responsibility. Peruse any company website to learn about its CSR policies and professional responsibility initiatives as tangible demonstrations of their commitment. Moreover, attention to ethics and code of conduct has also increased. “Questionable business practices obligate leaders to emphasize ethics and develop programs that prevent future misbehavior” (Valentine & Fleischman, 2008, p.657). Implementing said programs strengthens the ethical performance of organizations. According to the Ethics Research Center (ERC), companies with effective …show more content…

As such, several iterations of this standard were created from its inception in the early 1980s. In the early 2000s, the PMI Board of Directors commissioned the Ethics Standards Development Committee (ESDC) to review and revise the standard and create a process to revise the code as needed (PMI, XXXX). This standard, which includes five chapters, addresses topics such as vision, responsibility, and honesty. Each chapter includes a description of the topics as well as the aspirational and mandatory standards that apply. These standards outline the preferred conduct as well as establish requirements and behavior. Embedded within the standards are familiar staples such as favoritism, discrimination and conflict of …show more content…

Published in 1952, the UCC was drafted by the National Conference of Commissioners on Uniform State Laws and the American Law Institute (Kent, 2010). These laws provide a legal framework for business dealings, regulates the transfer or sales of personal property and commercial transactions occurring across state lines. Additionally, the UCC allow the states the flexibility to slightly modify the text of the UCCs enacted in each state. Most states adopted the UCC despite the several revisions made to Code from its

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