Wai Ying Lau
(Jessica)

Strategies to Prevent Unethical Employees

There are lots of strategies for operating a business to prevent unethical employees because a business might be failure due to unethical employees. Therefore, I would like to talk about three of the strategies: disclosure of personal interest, disclosure of financial information, and disclosure of gifts or benefits.

Firstly, a business should carry out the policy of disclosure of personal interest. It is used for alerting decision-makers of their private interests that are or may be seen to be, in conflict with the interest of the company. In addition, the company interest is best served when employees recognize that they have to make sure there is no personal interest involve in their decision making and consider the company interest all the time.

Secondly, a business should practice the policy of financial information disclosure to determine employees have complied the principle of basic ethics. A record of financial information disclosure ensures that the company could more efficient to assess employees unknown wealth. Furthermore, to identify an employee subject to financial disclosure, most of the financial information disclosure make some provisions for an individual’s family’s wealth.

Lastly, we must be aware of the gifts and benefits. “Do not trust the horse, Trojans! Whatever it is, I fear the Greek, even though they bring gifts,” said by Virgil, The Aeneid. Understand what gifts or benefits is can be a bit tricky, they can take a variety forms such as money, interest, forgiveness of a debt, or even if a cup of coffee. Thus, a business should be very careful to define the terms of gift and benefit in order to direct employees’ behaviour.

In conclusion, the purpose of the ethical requirements are not only to prevent the unethical behaviour of employees, but also to protect employees morale in their work and the interest of the company. However, the ethical policies should be followed, not for all employees but should be applied on elected employees such as decision-makers, officers, and representatives whose work falls the conflict of interest.

March 2002