Eight Ethical Standards of Codex

The eight ethical Standards of Codex were developed to assess ethical conduct of businesses. These principles aid in the interpretation and evaluation of behavior. These principles are fiduciary, property, reliability, transparency, dignity, fairness, citizenship, and responsiveness. Business ethics is complex in its makeup. There are so many factors that come into play when making major decisions within a company. These principles are combined in frameworks that furnish guidance and support for managerial decisions. The frameworks talked about by Stanwick and Stanwick (2015) collect these principles and outline reasons why decisions are made. In health care especially, ethical aspects to decisions are rarely black and white. It takes a team of people working together to arrive at the right answer while keeping the patient's wishes and rights in mind as well as what is best for them medically.

The teleological framework is more of a philosophical viewpoint. It is more concerned with the behavior of an individual instead of a group. Out of the three frameworks that fall under this heading, utilitarianism and Sidgwick's dualism are the only ones that come close to aligning with the Standards of Codex because it is formed around the concept that any individual must provide the greatest good for the greatest number of people. However, they also stand on the belief that people only come to the aid of others if it contributes to their own self interests (Stanwick & Stanwick, 2015, p. 8).

The deontological framework is one that focuses on an individual's obligation to determine whether or not their actions are right or wrong. This framework comes closer to paralleling with the principles that make up the Standards of Codex. Existentialism is based on an individual using their own free will to make right or wrong decisions. They use the principles to make these decisions and are responsible for their actions. Contractarianism