Chapter 30: Business Ethics in India | 387 |
Confi dentiality: trust
Due diligence/duty of care
Fidelity to professional responsibilities
Avoiding potential or apparent confl ict of interest
Business Ethics
Business ethics is the application of general ethical ideas to business
behaviour. Ethical business behaviour is expected by public, prevents
harm to society, improves profi tability, fosters business relations and
employee productivity, reduces criminal penalties, protects business
against unscrupulous employees and competitors, protects employ-
ees from harmful actions by their employer, and allows people in
business to act consistently with their personal ethical beliefs. Ethi-
cal problems occur in business for many reasons, ...