business ethics

1. BY-Aditya tripathi

2. Overview of Issue in business
Ethics
• Diversity issue
An ethical response to diversity begins with recruiting a diverse
workforce, enforces equal opportunity in all training programs.
• Decision making issue
It centre on protecting employee and customer rights, making
sure all business operations are fair

3. • Social networking issue
Comments regarding employers or coworkers posted on social
networking websites are costing employees jobs across the
country.
• Compliance and government issue
It states that, no one may ask any employee to break the law, or
go against company values, policies and procedures
• Harassment in work life
Maintaining professional workplace relationships between
employees is a continuing challenge for employers regardless
of the industry.

4. Fiduciary Responsibility
A person with a Fiduciary Duty is someone in whom another
person has placed the utmost trust and confidence to manage
and protect property or money.
The Fiduciary Relationship describes a relationship in which
one person has an obligation to act for another's benefit.

5. Relationships widely regarded as
having a Fiduciary Duty
attorney and client
Broker and principal
Principal and agent
Managers/directors and
shareholders
Trustee and beneficiary
Executor or administrator and heirs of
an estate

6. Shareholder concept
v/s
Stakeholder concept

7. Shareholder Stakeholder
Focuses on performance
of the company
Superset
Wide range of groups
Every company
Focused on return on
investment
Subset
Owners of the business
Company limited by
shares