Business Ethics and Corporate Governance, Second Edition

OBLIGATION TO SOCIETY AT LARGE

A corporation is a creation of law as an association of persons forming part of the society in which it operates. Its activities are bound to impact the society as the society’s values would have an impact on the corporation. Therefore, they have mutual rights and obligations to discharge for the benefit of one another.

1. National interest: A company (and its management) should be committed in all its actions to benefit the economic development of the countries in which it operates and should not engage in any activity that would militate against such an objective. A company should not undertake any project or activity detrimental to the nation’s interest or those that will have an adverse impact on the social and ...