Here’s their advice, boiled down to 10 ways to help avoid ethical pitfalls.

If you break a contract and walk away from your obligations under a legally binding agreement, you will be leaving yourself open to legal action. Your counterparty will be able to sue for breach and potentially recover any losses they may have suffered from your breach by court order.

In order to be a legally binding contract, most contracts must contain two elements: All parties must agree about an offer made by one party and accepted by the other. Something of value must be exchanged for something else of value. This can include goods, cash, services, or a pledge to exchange these items.

• Understand what constitutes a multiple relationship.
• Protect confidentiality.
• Respect people’s autonomy.
• Know your supervisory responsibilities.
• Identify your client and role.
• Document, document, document.
• Practice only where you have expertise.

An ethical implication is simply considering the matter from an ethical viewpoint. It may undermine an otherwise valid argument or a position derived from considering things other than ethics.

Competing for, obtaining and satisfying contracts ethically is the basis for an efficiently functioning economy. If your company engages in unethical behavior, you may lose contracts, especially those with governments, and waste valuable resources in legal entanglements with contractual partners seeking damages.

Producers and retailers practice ethical pricing strategies to earn profits without defrauding competitors or consumers. Business laws protect competitors and consumers from many unethical pricing strategies that unscrupulous marketers may wish to attempt.

Here are the 5 ethical pricing issues that hurt business the most:

• Price fixing: Collusion at its worse.
• Bid rigging: Favoritism.
• Price discrimination: Anti-favoritism.
• Price skimming: Discriminating through time.
• Supra competitive pricing: Monopoly gouging.

A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics, also referred to as an “ethical code,” may encompass areas such as business ethics, a code of professional practice, and an employee code of conduct.

Six ethical principles underlie ethical counseling practice; they are autonomy, nonmaleficence, beneficence, justice, fidelity, and veracity (Box 5.1).

Definition. Ethical principles are part of a normative theory that justifies or defends moral rules and/or moral judgments; they are not dependent on one’s subjective viewpoints.

Beauchamp and Childress (1979) identified four principles that are at the core of ethical reasoning in health care: autonomy, justice, beneficence, and nonmaleficence. She viewed these five principles as the cornerstone of ethical guidelines for counselors.

Ethical Issues In Counseling With Children And Adults

• Maintaining Boundaries. The most common ethical issue faced by mental health professionals is maintaining boundaries.
• Professional Ability.
• Personal Problems.
• Maintaining Confidentiality.
• Respecting Client Differences.
• Getting the Authorities Involved.
• Maintain Their Role.
• Maintaining Therapy.

Boundaries in psychotherapy refer to issues of self-disclosure, physical touch, gifts, bartering, activities outside the office (home or hospital visits, attending clients’ weddings or school plays, lunch with anorectic client, adventure therapy, etc.), incidental encounters, social and other non-therapeutic contacts …

Ethics codes provide professional standards for counselors with the purpose of protecting the dignity and well-being of clients. This helps counselors decide an appropriate plan of action for their clients and provides the ethical standards by which complaints and inquiries can be made regarding ACA members.

The primary reason for counselors to follow an ethical code is to protect clients’ welfare, and the following six basic moral principles are priority guidelines designed to help them make most appropriate decisions. Fidelity means counselors making honest promises and honoring their commitments to their clients.

First let us consider what would constitute unethical behaviour from a counselor. Incompetence, that is, inadequate knowledge and the absence of skills necessary for professional behaviour. Lack of integrity, moral commitment and sound professional judgment to adhere to acceptable standards of right and wrong action.

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry. Individuals can behave unethically, as can businesses, professionals and politicians.

Environment. Nike received Ethical Consumer’s worst rating for its cotton sourcing policy, because it lacks a clear approach to use of pesticides and herbicides. Cotton accounts for 12.34% of all insecticide sales and 3.94% of herbicide sales, even though cotton covers only 2.78% of global arable land.

Since the 1990s Coca-Cola has been accused of unethical behavior in a number of areas, in- cluding product safety, anti-competitiveness, racial discrimination, channel stuffing, dis- tributor conflicts, intimidation of union workers, pollution, depletion of natural resources, and health concerns.