Ethics 1

Planning Organizing and Ethics

Marnee Grant

MGT 330

Mr. Duane A. Lee

June 6, 2005
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Management planning and organization are two key elements in the

success of a business. Both elements act as a tandem force working together to

enhance and strengthen the structure of the business. There are many factors

that impact the planning and the organization of a business. This paper will

discuss the ethical codes, corporate social responsibilities, and legal

responsibilities that shape the planning and organization of J.P. Morgan

Chase/Bank One.

The Ethical codes are intended to be a central guide and reference for

management and employees in support of day-to-day decision making. These

codes are meant to clarify the organization's mission, values and principles,

linking them with standards of professional conduct. As a reference, Ethical

codes can be used to locate relevant documents, services and other resources

related to ethics within the organization. The J.P. Morgan Chase/Bank One

Ethical codes are an open disclosure of the way an organization operates. It

provides visible guidelines for behavior. The bank uses these codes when

planning and organizing as an important communication vehicle that "reflects the

covenant that the organization has made to uphold its most important values,

dealing with such matters as its commitment to employees, its standards for

doing business and its relationship with the community (JP Morgan Chase,

2005).

The ethical codes are also tools to encourage discussions of ethics and to

improve how employees/members deal with the ethical dilemmas, prejudices and

gray areas that are encountered in everyday work (JP Morgan Chase, 2005).
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The purposes of ethical codes are to complement relevant standards, policies

and rules, not to substitute for them.

Ethical Codes offer an invaluable opportunity for responsible organizations

to create a positive public identity for themselves, which can lead to a supportive

political and regulatory environment. With a positive public identity the public

confidence, level will increase as well as the trust among important

constituencies and stakeholders (JP Morgan Chase, 2005).

J.P. Morgan Chase/Bank One stands firm on ethics within the company.

Ethics plays a big part in functions of planning within the company. Ethics

impacts the guidelines and standards of business conduct in the way plans are

made. All business plans of J.P. Morgan Chase/Bank are made with the

intention to have fairness amongst both employees and customers.

Incorporating ethical codes in the business plans and the organization of the

bank alleviates a climate conducive to unethical behavior within the bank.

The J.P. Morgan Chase/Bank One social responsibility program has been

designed to comply with laws and contribute resources to the community while

abiding by moral and ethical standards. Social responsibility is a major subject of

concern and action for all but the smallest or least aware of companies. Today it

is generally accepted that business firms have social responsibilities that extend

well beyond what in the past was commonly referred to simply as the "business

economic function."
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One of the most important legal issues that affect the corporate

responsibility of J.P. Morgan Chase/Bank is the Anti-Money Laundering

Compliance Program. J.P. Morgan Chase/Bank One is committed to the fight

against money laundering and terrorist financing and not allowing the Firm to be

used for such activities. This Global Anti-Money Laundering Compliance

Program has been established to facilitate compliance with all applicable laws

and regulations designed to combat money laundering and terrorist financing,

including but not limited to the Bank Secrecy Act and the PATRIOT Act. Each

line of business and international region implements policies, procedures and

internal controls reasonably designed to address the money laundering and

terrorist financing risks of that business and to comply with applicable legal and

regulatory requirements.

Conducting business with the highest standards and supporting the

communities that it serves is part of J.P. Morgan Chase/Bank One culture. The

firm recognizes its responsibility to the community’s environment and supports

and encourages projects aimed at sustainable development. The environmental

policy of JPMorganChase Chase applies high environmental standards to the

firm's global business activities. As part of J.P. Morgan Chase/Bank One’s broad

commitment, the firm has adopted the Equator Principles, guidelines that

promote environmental and social responsibility in project financing.

Ethics is the defining issue for today's organizations. Companies,

professional firms and individuals alike are being held increasingly accountable

for their actions, as demand grows for higher standards of corporate social
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responsibility. Today we are judged not only on the financial performance of our

organizations, but also on whether we are good corporate citizens. Ultimately, at

the heart of corporate citizenship is organizational ethics.

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Reference:

JP Morgan Chase. (2005). Intranet. Retrieved June 1,

2005, from cardnet.chase.com/homepage