April 2024
Beginner
760 pages
39h 4m
English
book
Fernando's Business Ethics and Corporate Governance, 3rd Edition
by K P Muraleedharan, E K Satheesh
Content preview from Fernando's Business Ethics and Corporate Governance, 3rd Edition
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Chapter 5
Globalization and Business Ethics 161
Trust, Honesty and Transparency
CRTandothersuchsimilarorganizationsbelievethatbusiness,aswellastheprofessionshavea
duty
to
the
society
to
be
trustworthy,
honest
and
transparent
in
their
dealings.
Public
suspicion
of
business
motives
and
behaviour
is
a
negative
inuence
that
can
lead
to
restrictive
legislation
and
can
threaten
job
creation
and
other
potential
benets
to
society.
A
loss
of
trust
may
result
in
a
vir
-
tual revocation of business’s ‘license’ or ‘franchise’ to operate in public interest. Communications
technology and media intensify the call for information and explanation. ...
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