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Business Ethics, 2nd Edition by A. C. Fernando

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Part Two

HOW CAN ETHICS BE APPLIED IN DAY­TO­DAY BUSINESS?

Ethics is applied to business in myriad ways and reflects in its diverse activities either positively or adversely. Part II discusses business ethics in its multifaceted dimensions, both in good companies and in bad ones. Chapter 7 discusses ethical issues and problems that arise in public limited companies as an ‘agency problem’ and how corporate governance with international best practices squarely addresses this. Chapter 8 deals with one of the basic issues that hinders or facilitates long­term shareholder value: investor protection. Nothing reflects a company’s commitment to ethical business than its adherence to corporate citizenship. Corporate social responsibility, analysed in ...

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