Business Ethics and Corporate Governance, Second Edition

ENACTMENT OF LAWS

Different laws have been enacted by the government to fulfill the needs of different people in society like employees, employers, customers and the society at large. To protect employees, government has brought in legislations such as Factory Acts, Minimum Wages Act, Labour Laws and Trade Union Act to make sure that they are well protected and their problems are solved. Through these Acts, employees are able to negotiate or bargain with their employers. Employees’ grievances are addressed by these Acts so that employees’ welfare can be taken care of by the government.

There are laws for employer protection also to save them from illegal strikes and lock-outs that cause production losses and the like.

Human Rights are protected ...