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1 Found helpful • 19 Pages • Topic Notes • Year: Pre-2021 • Previously uploaded under: 200757 - Equity & Trusts
1. What is the relationship between values and Ethics? - In simple terms, ethics refers to moral principles about what is right and what is wrong - Ethical principles are often expressed in terms of fairness and are determined by a person’s values - Values may be based on law, religion or culture, and will vary between individuals - However even if a person is very clear about their own values, deciding what is right and wrong in any given situation is not always easy - The central question is “what ought one to do?” – therefore when ever facedwiththisquestion, we are dealing with ethics - However just because we don’t have a simple formula that tells us what we ought to do in every situation does not mean we are left in the dark. It is the processes of trying to answer this question, or reflecting on difficult situations, of being true to the idea of who are and what we stand for, and developing a well informed conscience that makes us ethical - Ethics is really a general conversation about how people should live a ‘good life’ whereas morality or values are the different voices in that conversation of the approaches taken ..... 19 pages worth ...
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