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    Role and Importance of Business Ethics

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    nishija unnikrishnan
    The document discusses the importance of business ethics and corporate governance, identifying some common unethical issues and roots of unethical behavior in organizations. It also examines how ethics can make corporate governance more meaningful by ensuring all stakeholders are treated fairly and that companies follow rules and regulations. The document concludes that practicing ethics is imperative for corporate governance and building authentic business relationships.

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    Role and Importance of Business Ethics

    Uploaded by

    nishija unnikrishnan
    117 views15 pages
    The document discusses the importance of business ethics and corporate governance, identifying some common unethical issues and roots of unethical behavior in organizations. It also examines how ethics can make corporate governance more meaningful by ensuring all stakeholders are treated fairly and that companies follow rules and regulations. The document concludes that practicing ethics is imperative for corporate governance and building authentic business relationships.

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    The document discusses the importance of business ethics and corporate governance, identifying some common unethical issues and roots of unethical behavior in organizations. It also examines how ethics can make corporate governance more meaningful by ensuring all stakeholders are treated fairly and that companies follow rules and regulations. The document concludes that practicing ethics is imperative for corporate governance and building authentic business relationships.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    117 views15 pages

    Role and Importance of Business Ethics

    Uploaded by

    nishija unnikrishnan
    The document discusses the importance of business ethics and corporate governance, identifying some common unethical issues and roots of unethical behavior in organizations. It also examines how ethics can make corporate governance more meaningful by ensuring all stakeholders are treated fairly and that companies follow rules and regulations. The document concludes that practicing ethics is imperative for corporate governance and building authentic business relationships.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    ARATHI SIVARAM

    M.Phil Scholar
    University of Calicut

    NISHIJAUNNIKRISHNAN
    Guest lecturer, Le-Ment college of Management & Arts,
    Pattambi
    KEY WORDS
     Business ethics
     Corporate governance
     Unethical issues
     Corporate governance ethics
    INTRODUCTION
     The word ethics has been derived from the Greek
    work ethikos meaning custom or charater.
     Business ethics is the art and science of applying
    ethical principles to examine and solve moral
    dilemmas.
     The study of business ethics has been at the heart
    of intellectual thought since the time of early
    business and it is still continuing on.
    OBJECTIVES
     To understand the importance and need of
    business ethics.
     To identify the roots of unethical behavior in an
    organization.
     To examine the role of business ethics in
    corporate governance.
    RESEARCH METHODOLOGY
    This study is exploratory in nature. Data has been
    collected from secondary source like
     Text books
     Websites
     Literature available in different scholarly
    research articles belonging to several journals
     Business magazines
    ETHICS BUSINESS BUSINESS
    ETHICS
    Importance and Need of Business
    Ethics
     To gain trust in the supplier, employee and
    customer relationship in the business.
     Predictability and efficiency of business
     Profitability
     Reputaion
     Social responsibility
     Better decision making
    Roots of Unethical Behavior in an
    Organization
     Balancing work and family
     Poor leadership
     Poor internal communication
     Lack of management support
     Need to meet sales or profit goals
     No recognition of achievements and heavy work
    load
     Company politics
     Personal financial worries
    Some Unethical Issues
     Bribery
     Coercion
     Insider trading
     Tax evasion
     Conflict of interest
     Pollution
    Corporate Governance Ethics
     Corporate governance ethics discuss the theories of
    ethics and corporate governance and explain how they
    can be applied in various business situations.

     Companies have now begun to integrate corporate


    cultures and concentrate on putting appropriate
    corporate governance mechanisms in place.
    How Ethics Can Make Corporate
    Governance More Meaningful

     All stakeholders are dealt in fair manner


     Considers the whole society.
     Ethics will automatically leads a company to perform
    corporate governance.
     Make to obey the rules and regulations according to
    law.
    FINDINGS & SUGGESTIONS
     It has been understood that the benefits of following the
    ethics in business is enormous. Some of them are:
     Improvement in society
     High productivity and strong teamwork
     Cope up with changing situations
     Create strong public image
     Doing unethical behavior in the business will act as a two -
    edged sword to both the business and to the society.
     So a firm must put its effort in maintaining ethics in its
    decision making.
    CONCLUSION
     In present days environment, the value based
    environment and practice of ethics has become
    imperatives in corporate governance and also in the
    foreseeable future.
     If values are bedrock of any corporate culture, ethics
    are the foundation of authentic business relationships.
     The role of business ethics in a business and to its
    corporate governance is very prominent.
    REFERENCES
     Business ethics and corporate social responsibility-
    Joyner
     Corporate social responsibility theories- Garriga
     Business ethics and corporate governance- A.C
    Fernando
     www.icmrindia.org
     www.investopedia.com

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