Ethical Framework for CBOL Programs The Stewardship Principles TM is an ethical framework, rooted in the mission of Concordia University, to help students integrate an ethical perspective in their decision making. The Stewardship Principles TM Responsible Stewardship of Resources Be accountable and effective in the use of resources Responsible Stewardship of People Nurture talent and treat people with respect and uphold their dignity. Responsible Stewardship of Decisions Be mindful of the intended and unintended consequences of decisions on various constituents (especially the vulnerable) and on the environment. Example of the Application of the Principles to a Decision - Economics Issue: The Federal Reserve Bank Board of Governors are contemplating a policy on interest rates Stewardship of Resources What is the best tool to use to influence the current state of the economy? Are we using that tool? What is the evidence to show that the tool chosen is the right one? Who will implement the policy and how will we measure success? What is the quality management system in place to assess the impact of the policy? Stewardship of People Does the Federal Reserve Bank have a talent management system in place to nurture and grow talent? How inclusive is this system and what is the evidence to show it is working for all employees? Do the bank employees treat all stakeholders with respect? What is the evidence to show this is occurring? Stewardship of Decisions What is the possible impact of the Fed's policies on vulnerable groups (example, children in poverty) and on the environment? What are the unintended consequences of this decision