Modern professional codes of ethics cover more relationships than the two basic ones covered by the Hippocratic code. In general they also include relationships between employees and employers and between the professional and the public in general. 1. Professional Relationships with Employers: a. Loyalty In general employees are expected to show loyalty to their employers – they are expected to recognize and help the employer achieve her ends. But there are limits to loyalty, for example the employee must retain the right to support the political party of their choice without threat of job loss, and they must not be expected to buy only company products, in preference to the competitor’s. b. Trade Secrets In a free labor market it is difficult to protect trade secrets. A company can afford to hire a competitor’s employee at a higher price than the competitor if the employee carries information that gives the company a market lead over its competitor. Co...
Professional ethics encompass the personal and corporate standards of behavior expected by professionals.