Misconduct

Source: Wikipedia, the free encyclopedia.
This article is about the legal sense. For misconduct in scientific research, see scientific misconduct. For the association football sense, see fouls and misconduct (association football). For the infraction in ice hockey, see penalty (ice hockey). For the 2016 American film, see Misconduct (film).

Misconduct is wrongful, improper, or unlawful conduct motivated by premeditated or intentional purpose or by obstinate indifference to the consequences of one's acts. It is an act which is forbidden or a failure to do that which is required. Misconduct may involve harm to another person's health or well-being.
Misconduct is of particular importance in professional settings (e.g. lawyers, scientists, doctors, military personnel), in the workplace and various institutions (e.g. schools, hospitals, prisons). Two categories of misconduct are

stealing or sexual harassment
.

Organizational

Organization and management scholars have paid much attention to the causes, forms, modes of development, and consequences of misconduct within or among organizations.

financial crisis of 2007–2008 that revealed how financial organizations can operate profitable illicit activities over decades.[5] Organizational misconduct can involve many organizations that collaborate, such as the case of cartels
where firms reduce competition by agreeing on production or pricing, then conceal their actions together and maintain collective secret.

Financial

The failure to understand and manage

ethical risks played a significant role in the financial crisis. The difference between bad business decisions and business misconduct can be hard to determine, and there is a thin line between the ethics of using only financial incentives to gauge performance and the use of holistic measures that include ethics, transparency and responsibility of stakeholders
. From CEO's to traders and brokers, all-too-tempting lucrative financial incentives existed for performance in the financial industry.
The past widespread financial misconduct led to a call for financial reform. The
Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010 to increase accountability and transparency in the financial industry and protect consumers from deceptive financial practices.[6]

References

  1. OCLC 36543485
    .
  2. ISSN 1941-6520
    .
  3. S2CID 23443477
    .
  4. S2CID 146237606
    .
  5. ISSN 0167-4544
    .
  6. ^ Ferrell, Fraedrich: Business Ethics, eleventh edition Ethical Decision Making and Case, Sexual Harassment in Workplace. February 17, 2017. p. 80

Further reading

  • Ghaiye, B. R. (2015). Misconduct in Employment (Hardbound ed.). EBC.
    ISBN 9789351450252
    .

External links

Look up misconduct in Wiktionary, the free dictionary.
Wikimedia Commons has media related to Misconduct.
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