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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12
Part 1
Business Ethics
VALUES AND ETHICS IN BUSINESS
Business ethics are related to issues of ‘what is right’ and ‘what is wrong’ while doing business.
The constituents of business ethics include adherence to truth, a commitment to justice and
public integrity. What values are to individuals, ethics are to business.
Personal values as we have seen earlier, refer to a conception of what an individual or group
regards as desirable. A value is a view of life and judgement of what is desirable that is very much
part of a person’s personality and a group’s morale. Thus, a benign attitude to labour welfare is
a value which may prompt an industrialist ...
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