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Corporate Ethics, Governance, and Social Responsibility by A. C. Fernando

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10

Ethical Challenges in Business1

David T. Hopper

For some time, Fortune magazine, the well-known American business publication, has issued a list of the most admired companies in the US, a list that is eagerly anticipated and widely read every year. In 2005, the 10 most admired companies in the US included Dell, General Electric, Starbucks, Wal-Mart, Southwest Airlines, FedEx, Berkshire Hathaway, Microsoft, Johnson & Johnson, and Procter & Gamble. I note that most of these companies either have operations in India, or as we recently have learned about Wal-Mart, plan to have operations here.

In addition to being the most admired, if you go to their Web sites, you will see that these companies have something in common that immediately jumps ...

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