Business Ethics Corporate Governance 
BUSINESS ETHICS
&
CORPORATE GOVERNANCE
OCS
AGENDA
• Understanding Ethics
• Managing Business Ethics
• Corporate Social Responsibility
• Complexity of Ethical Issues
• Ethical Leadership
• Evaluation of Corporate Governance
• Internal & External Corporate Governance mechanisms
• Corporate Governance Ratings
OCS
Scams
OCS
Values
• Fundamental beliefs
• Principles for good, right and just
• Evaluate something vis-à-vis a
Standard
• Integrity, Patriotism, Fairness
OCS
Morals
• Values attributing to a system of beliefs • Values derived from a higher authority • Religious system or political system
OCS
Understanding Ethics
• Greek word “ethos” meaning character • Right and wrong conduct
• Studies moral behavior and how one should act
• a set of concepts and principles that guide us in determining what behavior helps or harms others
OCS
Business Ethics
• Study and examination of moral and social responsibility in relation to
- business practices
- decision-making in business
OCS
Ethical Business Practices (1 of 2)
• Investors:
–
Ensuring safety of their money and timely payment of interest.
• Employees:
–
Provision of fair opportunities in promotions and training, good working environment and timely payment of salaries.
• Customer:
–
–
Complete information of the service and product should be made available.
Personal information of
OCSthe customers should not
Ethical Business Practices (2 of 2)
• Competition:
–
Unscrupulous tactics, competitor bashing and wrong methods should be avoided while handling competitors. • Government:
–
Rules and regulations regarding taxes, duties, restrictive and monopolistic trade practices and unlawful activities like corruption and bribing should be adhered to.
• Environment:
–
Polluting industries should ensure compliance
OCS
Ethical Absolutism
• Certain actions are absolutely right or wrong
• Consequences or intentions are irrelevant • Eg. Stealing
• A principle which never ought to be violated OCS
&
CORPORATE GOVERNANCE
OCS
AGENDA
• Understanding Ethics
• Managing Business Ethics
• Corporate Social Responsibility
• Complexity of Ethical Issues
• Ethical Leadership
• Evaluation of Corporate Governance
• Internal & External Corporate Governance mechanisms
• Corporate Governance Ratings
OCS
Scams
OCS
Values
• Fundamental beliefs
• Principles for good, right and just
• Evaluate something vis-à-vis a
Standard
• Integrity, Patriotism, Fairness
OCS
Morals
• Values attributing to a system of beliefs • Values derived from a higher authority • Religious system or political system
OCS
Understanding Ethics
• Greek word “ethos” meaning character • Right and wrong conduct
• Studies moral behavior and how one should act
• a set of concepts and principles that guide us in determining what behavior helps or harms others
OCS
Business Ethics
• Study and examination of moral and social responsibility in relation to
- business practices
- decision-making in business
OCS
Ethical Business Practices (1 of 2)
• Investors:
–
Ensuring safety of their money and timely payment of interest.
• Employees:
–
Provision of fair opportunities in promotions and training, good working environment and timely payment of salaries.
• Customer:
–
–
Complete information of the service and product should be made available.
Personal information of
OCSthe customers should not
Ethical Business Practices (2 of 2)
• Competition:
–
Unscrupulous tactics, competitor bashing and wrong methods should be avoided while handling competitors. • Government:
–
Rules and regulations regarding taxes, duties, restrictive and monopolistic trade practices and unlawful activities like corruption and bribing should be adhered to.
• Environment:
–
Polluting industries should ensure compliance
OCS
Ethical Absolutism
• Certain actions are absolutely right or wrong
• Consequences or intentions are irrelevant • Eg. Stealing
• A principle which never ought to be violated OCS