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An ethical framework is a structured system that helps individuals and organizations evaluate ethical dilemmas and make decisions based on a set of principles or values.
Typically, individuals in positions of authority, organizations with governance requirements, and professionals in regulated industries are required to file an ethical framework.
To fill out an ethical framework, one should identify relevant ethical principles, assess the situation, weigh possible actions, and document the decision process, including the rationale and any potential conflicts of interest.
The purpose of an ethical framework is to guide decision-making processes, promote integrity, ensure compliance with laws and regulations, and foster trust among stakeholders.
Information that must be reported may include the decision-making process, identified conflicts of interest, ethical principles considered, actions taken, and outcomes of those actions.
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