ETHICS & PROFESSIONALISM

Mike PryorTHE PRYOR EXPERIENCE COMPANY

WHAT ARE ETHICS?

Ethics has to do with what my feelings tell me is right and wrong.

Study by Sociologist Raymond Baumhart, Issues in Ethics, Santa Clara University, 1987

WHAT ARE ETHICS?Ethics has to do with what my feelings tell me is

right and wrong.

Ethics has to do with my religious beliefs.

Study by Sociologist Raymond Baumhart, Issues in Ethics, Santa Clara University, 1987

WHAT ARE ETHICS?Ethics has to do with what my feelings tell me is right

and wrong.

Ethics has to do with my religious beliefs.

Being Ethical is doing what the law requires.

Study by Sociologist Raymond Baumhart, Issues in Ethics, Santa Clara University, 1987

WHAT ARE ETHICS?Ethics has to do with what my feelings tell me is right

and wrong.

Ethics has to do with my religious beliefs.

Being Ethical is doing what the law requires.

Ethics Consists of the standards of behavior our society accepts.

Study by Sociologist Raymond Baumhart, Issues in Ethics, Santa Clara University, 1987

WHAT ARE ETHICS?Ethics has to do with what my feelings tell me is right and

wrong.

Ethics has to do with my religious beliefs.

Being Ethical is doing what the law requires.

Ethics Consists of the standards of behavior our society accepts.

I Don’t Know.

Study by Sociologist Raymond Baumhart, Issues in Ethics, Santa Clara University, 1987

ETHICS• 1. Well founded standards of right and wrong

that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues. (Refrain from: rape, stealing, murder, assault, slander, fraud, etc.) (Exhibit: honesty, compassion, loyalty).

• 2. The study and development of one’s ethical standards. It is necessary to constantly examine one’s standards to ensure they are reasonable and well-founded.

Do you have an ETHICS policy…or a CODE OF CONDUCT?

ALTA CODE OF CONDUCT• To engage only in business practices that are lawful

and consistent with a high standard of ethical behavior• To encourage a culture of compliance with their

organization for federal and state laws that govern the title insurance business and for these principles

• To treat consumers in a fair and ethical manner• To provide consumers with timely and comprehensive

information regarding their policies, services, products and prices so as to enable consumers to shop effectively among providers of title-related services

• To encourage and assist consumers to be educated purchasers of title insurance and title -related services.

ADOPTION of CODE of ETHICS

• IMPLEMENTATION of Code of ETHICS

ALTA CODE OF CONDUCT• To engage only in business practices that are lawful

and consistent with a high standard of ethical behavior• To encourage a culture of compliance with their

organization for federal and state laws that govern the title insurance business and for these principles

• To treat consumers in a fair and ethical manner• To provide consumers with timely and comprehensive

information regarding their policies, services, products and prices so as to enable consumers to shop effectively among providers of title-related services

• To encourage and assist consumers to be educated purchasers of title insurance and title -related services.

Areas of Focus:

CustomersRegulations and statutesAssociatesUnderwriter

Ethics By Any Other Name?

• Conscience• Fair Play• Golden Rule• Sportsmanship

A new definition?

• Ethical conduct is… an act, behavior or course of conduct that demonstrates high character, consideration of others and engenders pride and respect from all who understand the motivation for the act, behavior or course of conduct.