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WEBINAR Ethical Aspects to Consider While Building an Arbitration Practice June 25, 2013 12:00 PM 1:30 PM Eastern Time Join two established arbitrators and two of the country s leading ADR service
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How to fill out ethical aspects to consider

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01
Identify the stakeholders: The first step in filling out the ethical aspects to consider is to identify the stakeholders involved in the situation. These could include employees, customers, suppliers, shareholders, and the community at large. Understanding who is impacted by the decision or action is crucial in determining what ethical considerations need to be taken into account.
02
Evaluate potential consequences: Once the stakeholders are identified, it is important to assess the potential consequences of the decision or action. Consider both the short-term and long-term effects on the stakeholders and determine if any of these consequences raise ethical concerns. This step requires analyzing the potential benefits and harms that could result from the chosen course of action.
03
Analyze ethical guidelines or frameworks: Next, it is essential to refer to established ethical guidelines or frameworks that can help address the ethical aspects. These could include industry codes of ethics, legal requirements, or widely recognized ethical principles such as honesty, fairness, integrity, and respect for human dignity. Evaluate how the decision aligns with these ethical frameworks and if any conflicts or dilemmas arise.
04
Seek diverse perspectives and opinions: To ensure a comprehensive understanding of the ethical aspects, it is important to seek diverse perspectives and opinions. This could involve consulting experts, stakeholders, colleagues, or even conducting surveys or focus groups. By gathering different viewpoints, you can ensure a more objective analysis of the ethical considerations and potentially identify unforeseen ethical concerns.
05
Consider alternative solutions: If the initial analysis reveals potential ethical conflicts or dilemmas, it is necessary to consider alternative solutions. This step involves brainstorming different options that align with the ethical guidelines and frameworks identified earlier. Evaluate the advantages and disadvantages of each alternative, and select the one that best addresses the ethical aspects while still meeting the desired objectives.
06
Implement and monitor the decision: Once a decision is made, it is crucial to implement it effectively and monitor its impact on the stakeholders. This step involves putting the chosen solution into action and assessing if it proves to be ethical and effective in practice. Regular monitoring and evaluation should take place to ensure that the ethical aspects continue to be upheld and any necessary adjustments are made.
07
Regularly review and update ethical considerations: Ethical aspects should not be seen as a one-time task but rather an ongoing commitment. Regularly reviewing and updating the ethical considerations is essential to adapt to changes in the business or social environment. Keep up with the latest ethical guidelines and frameworks, engage in discussions with stakeholders, and remain flexible in making adjustments when required.

Who needs ethical aspects to consider?

01
Individuals in leadership positions: This could include managers, executives, and business owners who make decisions that can significantly impact stakeholders. They need to be attuned to ethical aspects and ensure that their actions align with ethical standards.
02
Professionals in specialized fields: Professions such as medicine, law, finance, and engineering often have their own ethical guidelines and standards. Professionals in these fields need to be familiar with and fill out the ethical aspects relevant to their specific industry.
03
Organizations and businesses: Every organization or business, regardless of its size or industry, should consider ethical aspects to ensure responsible and sustainable practices. This is important for building trust with stakeholders and maintaining a positive reputation.
04
Individuals making personal decisions: Ethical considerations are not limited to business or organizational contexts. Individuals making personal decisions should also consider the ethical aspects, such as treating others with respect, being honest, and avoiding harm to others.
In conclusion, filling out the ethical aspects to consider involves identifying stakeholders, evaluating potential consequences, referring to ethical guidelines, seeking diverse perspectives, considering alternative solutions, implementing decisions, regularly reviewing and updating ethical considerations. Ethical aspects are relevant to leaders, professionals, organizations, and individuals making personal decisions.
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Ethical aspects to consider refer to the moral principles or values that guide decision-making and behavior in a particular situation.
Those involved in decision-making processes within an organization are typically required to consider ethical aspects.
Ethical aspects can be filled out by evaluating the potential consequences of actions, considering the rights and well-being of others, and following established ethical guidelines.
The purpose of considering ethical aspects is to ensure that decisions and actions are made in a principled and responsible manner.
Information regarding the decision-making process, ethical dilemmas faced, resolutions reached, and any measures taken to address ethical concerns must be reported.
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