BUSINESS ETHICS AND CORPORATE GOVERNANCE

ETHICS - WHAT IS ETHICS?

ETHICS IS RELATED TO ISSUES OF PROPRIETY; RIGHTNESS AND WRONGNESS

ETHICS A HISTORICAL PERSPECTIVE

ETHICS ALSO KNOWN AS MORAL PHILOSOPHY A BRANCH OF PHILOSOPHY

META ETHICS NORMATIVE ETHICS APPLIED ETHICS

ETHICS AND VALUES

Issues of right and wrong are related to one s values

VALUES BASIC CONVICTIONS THAT A SPECIFIC MODE OF CONDUCT OR END STATE OF EXISTENCE IS PERSONALLY OR SOCIALLY TO AN OPPOSITE OR CONVERSE MODE OF CONDUCT OR END-STATE OF EXISTENCE.

VALUES ARE LEARNT

ETHICS IS CONTEXTUAL

ETHICS AND MORALITY

ETHICS AND LAW

ETHICS AND RELIGION

VALUES ARE NOT CONSTANT - THEY CHANGE

CRITERIA FOR ETHICAL EVALUATION

Concern for others Cheating and Trust Keeping Promises Duty Selfishness Bigger Unit Intentions Respect for Rights

ETHICAL ISSUES ARE AMBIGUOUS

MORAL DEVELOPMENT AND MORAL REASONING

MORAL DEVELOPMENT

LEVEL ONE PRE CONVENTIONAL STAGES

Stage One Punishment and obedience Orientation Stage Two - Instrument and Relativity Orientation

LEVEL TWO - CONVENTIONAL STAGES

Stage Three Interpersonal Concordance Orientation Stage Four Low and Order Orientation

LEVEL THREE POST CONVENTIONAL, AUTONOMOUS OR PRINCIPLED STAGES

Stage Five - Social Contract Orientation Stage Six - Universal Ethical Principles Orientation

MORAL REASONING

ETHICS IN BUSINESS

WHAT IS BUSINESS ETHICS

Business Ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed

Business Ethics is a specialized study of moral right and Wrong. It Concentrates on moral standards as they apply to business policies, institutions and behavior.

BUSINESS ETHICS AND LAW

THREE OBJECTIONS TO BRINGING ETHICS INTO BUSINESS.

In perfectly Competitive free markets the pursuit of profits will by itself ensure that the members of society are served in most socially beneficial ways. Loyal agents argument It is enough for the business people to merely obey the law.

CASE FOR ETHICS IN BUSINESS

Ethics should govern all human activities Like any other human activity business cannot exist unless the people involved adhere to some minimal standards ethics. Ethical considerations are consistent with business pursuits

WHY IS BUSINESS ETHICS IMPORTANT

Power and influence of business in society are greater than even before. Business has potential to provide a major contribution to society. Business Malpractices have tremendous potential to harm the society Demands from various stakeholders to be ethical are constantly becoming more complex. Ethical infractions continue to occur in business. Business Ethics can provide us with the ability to assist benefit and problems.

BUSINESS ETHICS- SOME QUESTIONS

DO MORAL STANDARDS APPLY TO CORPORATIONS OR ONLY TO INDIVIDUALS?

DO SAME MORAL STANDARDS APPLY TO MULTINATIONALS EVERY WHERE?

BUSINESS ETHICS AND NEW TECHNOLOGY

GLOBALIZATION AND BUSINESS ETHICS.

WHAT IS GLOBALIZATION?

THE RELEVANCE OF GLOBALIZATION FOR BUSINESS ETHICS

Cultural Issues Legal Issues Accountability Issues

SUBSTANTIALITY AND BUSINESS ETHICS

THE TRIPPLE BOTTOM LINE

Economic

Social

Environmental