Ethics and the Credit Manager

Companies need to understand the ethical implications of how they do business. The credit manager is not excluded from this process. Ethics dictates standards of conduct and pertains to obligations that employees have in dealing with others in their professional lives. Companies need to understand the implications of how their activities are perceived and accepted, including their impact where they are transacting business, whether it be in the U.S. or overvseas.. Financial management, human resource policies, information systems all relate to the world at large, both in terms of the seller's performance and its relationship to customers. Many businesses have established a "Standard of Business Conduct" that covers obligations an employee has to his/her own company, customers, competitors, vendors and shareholders. The word "ethics" should bring to mind words like morality, noble conformity to judgments, and standards of human conduct. Business credit - commercial ethics - should emphasize justice, equity, confidence, cooperation, integrity, dignity and honor.