Know about corporate ethics

2. Contents:
 What is ethics?
 What is corporate ethics?
 Implementation of corporate ethics.
 Importance of corporate ethics.
 Approaches to corporate ethics.
 Ethical rules and values for corporations.
 Conclusion.

3. What is ethics?
 Ethics is a conception
of right and wrong
behavior, defining
for us when our
actions are moral
and when immoral .

4. What is corporate ethics?
 Corporate ethics or business ethics is a form of applied
ethics or professional ethics that examines ethical principles and
moral or ethical problems that arise in a business environment.
 A business is considered to be ethical only if it tries to reach a trade
off between pursuing economic objective and its social obligations.

5. Implementation of corporate
ethics
Corporate ethics are implemented to -
 Define the framework of the acceptable behavior.
 Follow high standards of practice.
 Create benchmarks for self evolution.
 Enhance sense of community.
 Create transparency in the business activities.
 Comply with government laws and norms.

6. Approaches to corporate ethics
Amoral Business
Legalistic
Business
Responsive
Business
Ethical Business
 Seeks to
win at all
cost.
 Anything is
acceptable.
 Will obey
the law but
not more than
that.
 Accepts that
being ethical
can pay off.
 Ethical
practice is at
the core of
the business.

7. Ethical rules and values for
corporations
 Always help others.
 Be honest.
 Follow the rules and policies.
 Respect Others.
 Be loyal and hard working.
 Do right and follow right.

8. Conclusion
 Ethics are important not only in corporate but in all aspects of life,
because it is an essential part of the foundation on which the civilized
society is build.
 Following a code of ethics enhances the goodwill
of the organization and organization possess a strong
public image.
 If you can adhere to the proper ethics,
many other corporate evils such as gossiping,
cheating, hiding, manipulating, complaining
will be discarded as well.