Integrity and Fairness-Saturday Brain Storming Thought (82) 10/10/2020 – By Vr Avinash Kulkarni
Integrity and Fairness
Integrity and fairness involves leadership which is honest, transparent and consistent, where there is fairness and equity in decision making and humble understanding of personal limitations and biases
Integrity
The quality of being honest and having strong moral principles
Fairness
It is impartial and just treatment or behavior without favoritism or discrimination
Having the integrity and fairness means doing the right thing in reliable way
Integrity means following your moral or ethical convictions and doing the right thing in all circumstances, even if no one is, watching you
Having integrity means you care true to yourself and would do nothing that demeans or dishonors you
Character traits related to integrity
1) gracious
2) respectful
3) honest
4) trustworthy
5) hardworking
6) responsible
7) helpful
8) patient
Integrity and fairness in business
1) keep you word If you wants to establish a solid reputation you must deliver your promises
2) keep you commitments
3) pay attention to your environment
4) stay focused
5) surround yourself with honest people
6) take responsibility
7) respect your employees
Integrity and fairness – improve your business
1) better company culture
2) more satisfied customers
3) attracting employees with integrity
4) growth and sustainable profits & improved overall performance
5) avoiding legal trouble
6) positive impact on the community and the society as a whole
7) it brings peace
8) company earns us trust and influence
Fairness
It is the quality of making judgements that are free from discrimination
Judges, umpires and teachers should all strive to practice fairness
Examples of fairness
Treat people the way you want to be treated
1) take turns
2) tell the truth
3) play by the rules
4) think about how your actions will affect others
5) listen to people with an open mind
6) don’t blame others for your mistakes
7) don’t take advantages of other people
8) don’t play favorites
Importance of integrity and fairness at workplace
1) all your employees trust your leadership
2) discrimination is eliminated or reduced
3) problematic employee issues are addressed
4) employees are much more likely to want to do their best work
5) you are more likely to have a high functioning team
Implementation of Integrity and fairness
1) Fair marketing
Promote offers clearly and fairly to customers by representing key product characteristics, including safeguards and potential risks
Avoid pressuring customers or using manipulation tactics
2) Education and support
Provide customers with relevant education or training about your products or platforms
Be reachable for your clients and offer support, where necessary
3) Fair pricing & fees
Charge fair prices and ensure that all fees are appropriate
Provide customers with sufficient information so that they can understand and assess prices properly
4) Fair trading and settlement
Optimize liquidity and prices for customers
Be clear about transaction, completion, settlement times and terms
Minimize related risks for customers
Values of integrity and fairness
1) honesty
2) trust
3) respect
4) responsibility
5) courage
Code of conduct for valuer about integrity and fairness
1) I shall, in the conduct of my business, follow high standards of integrity and fairness in all my dealings with my clients and other valuers
2) I shall maintain integrity by being honest, straightforward, and fortnight in all professional relationships
3) I shall endeavor to ensure that I provide true and adequate information and shall not misrepresent any facts or situations
4) I shall refrain from being involved in any action that would bring disrepute to the profession
5) I shall keep public interest foremost while delivering the services
