Corporate Ethics, Governance, and Social Responsibility

Introduction

A. C. Fernando

Before the readers start going through what the eminent experts said at the conference on the various facets of business ethics, corporate governance and corporate social responsibility (CSR), it would be helpful if they familiarize themselves with the concepts and nuances of the ethical trilogy.

BUSINESS ETHICS

What is Business Ethics?

Business ethics refers to the application of ethical principles to business. ‘Business ethics is a specialized study of moral right or wrong. It concentrates on moral standards as they apply to business policies, institutions and behaviour.’¹ It is also defined as ‘the art and discipline of applying ethical principles to examine and solve complex moral dilemmas’.² Management guru ...