Tell what the article below was about and how the article relates to Hiring Ethical People & Code of Conduct”?
https://www.cnbc.com/2023/12/14/moderna-merck-cancer-vaccine-reduces-risk-of-skin-cancer-return.html
Also, answer the questions below. Please use online/websites as resources.
Why is it important for organizations to focus on hiring ethical employees?
How would you create a Code of Ethics for an organization that you have worked for or that you have read
about? Explain in detail.
Sample Answer
Article Summary
The article discusses the positive results of a mid-stage trial conducted by Moderna and Merck on their experimental cancer vaccine. The combination of the vaccine and Merck’s Keytruda therapy was found to significantly reduce the risk of death and relapse in patients with advanced melanoma, a deadly form of skin cancer. The vaccine could potentially receive regulatory approvals and be launched in early 2025. The results indicate that the cancer vaccine, when used in combination with immunotherapy, provides meaningful health benefits to melanoma patients, allowing them to stay in treatment for a longer period of time.
Relationship to Hiring Ethical People & Code of Conduct
The article does not directly relate to the topic of hiring ethical employees and code of conduct in organizations. It focuses on the positive results of a clinical trial for a cancer vaccine. However, the broader context of ethical considerations in healthcare and pharmaceutical industries can be drawn upon to emphasize the importance of hiring ethical employees and implementing a strong code of conduct within these organizations.
Importance of Hiring Ethical Employees
Organizations across all industries, including healthcare and pharmaceuticals, should prioritize hiring ethical employees for several reasons:
Maintaining Reputation: Ethical employees contribute to building and maintaining a positive reputation for an organization. They act with integrity, honesty, and respect towards patients, colleagues, and other stakeholders. This helps establish trust, attract customers, and enhance the organization’s brand image.
Compliance with Laws and Regulations: Ethical employees are more likely to adhere to laws, regulations, and industry standards. They understand the importance of following ethical guidelines in healthcare, ensuring patient safety, data privacy, and confidentiality. This reduces legal risks and potential penalties for non-compliance.
Patient Care and Safety: Hiring ethical employees is crucial for providing high-quality patient care and ensuring their safety. Ethical behavior involves making decisions based on patient welfare rather than personal gain. Ethical employees prioritize patient needs, maintain confidentiality, and uphold professional standards.
Teamwork and Collaboration: Ethical employees are more likely to foster a positive work environment based on trust, respect, and open communication. They promote teamwork and collaboration, leading to improved patient outcomes, innovation, and overall organizational success.
Creating a Code of Ethics
To create a Code of Ethics for an organization, whether one I have worked for or read about, the following steps can be taken:
Research and Review: Conduct thorough research on existing codes of ethics in similar organizations or industries. Analyze their content, structure, and applicability to gain insights into best practices.
Identify Core Values: Identify the core values that align with the organization’s mission, vision, and culture. These values should reflect ethical principles such as honesty, integrity, respect, fairness, and accountability.
Stakeholder Involvement: Involve key stakeholders within the organization, including employees at various levels, managers, executives, and even external experts if necessary. Seek their input on ethical issues, challenges, and potential solutions.
Drafting the Code: Develop a comprehensive Code of Ethics document that covers various aspects of ethical conduct within the organization. This should include sections on general principles, employee responsibilities, patient care, conflicts of interest, confidentiality, compliance with laws and regulations, reporting unethical behavior, etc.
Review and Refinement: Share the draft code with stakeholders for feedback and suggestions. Incorporate their input to refine and strengthen the document. Seek legal counsel if required to ensure compliance with applicable laws and regulations.
Training and Implementation: Once finalized, roll out the Code of Ethics through comprehensive training programs for all employees. Ensure that they understand the code’s content, purpose, and implications for their work. Encourage active participation and adherence to ethical standards in day-to-day operations.
Monitoring and Enforcement: Establish mechanisms to monitor compliance with the Code of Ethics. This may include periodic audits, anonymous reporting systems (whistleblower protection), disciplinary actions for violations, and continuous education on ethical principles.
Regular Review: Periodically review and update the Code of Ethics to ensure its relevance in a changing organizational or industry landscape. Seek feedback from employees and stakeholders to address emerging ethical challenges effectively.
Note: The information provided above is a general framework for creating a Code of Ethics and should be adapted to fit the specific needs and requirements of each organization.