Buisness Ethics Essay

24766 WordsApr 20, 2011100 Pages
Mallar Law Consulting Ram Mallar www.mallarlaw.com Updated – March 2008 Prof. of Law & Corporate Governance JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES PRIVATE & CONFIDENTIAL HANDOUT BUSINESS ETHICS & CORPORATE GOVERNANCE CONFIDENTIALITY NOTICE This Hand-Out is intended solely for the management students of Professor Ram Mallar. Access to this document by anyone else is unauthorized. If you are not the student, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. Any opinions or advice contained in this document are subject to the standard terms and conditions of confidentiality. © 2008 Mallar Law Consulting 3, Silver Cascade, 110AA, Near Ruby Mills, Senapati Bapat Marg, Dadar West. Mumbai 400 028. Tel. No.: 2432 2713 (4 lines) Email: mallarlaw@vsnl.net - Website: www.mallarlaw.com BUSINESS ETHICS Distinguishing: • Ethics • Ethics in Business • Business Ethics • Governance • Corporate Governance • Good Corporate Governance In brief: □ Ethics: code of conduct for personal behaviour. □ Ethics in Business: Applying personal ethics into business. □ Business Ethics: Ethics of business, what is good & bad, right or wrong for business. □ Governance: Methods and practices of doing business in any organisation □ Corporate Governance: Set of practices business is carried on in corporate business organisation. □ Good: A code of best management Corporate practice which leads to □ Governance achievement of corporate mission. Ethics – Definition □ Greek word “Ethos” – refers to character □ A code of conduct for personal behaviour □ Driving force – guide – value content □ A moral Code based on generally accepted standards □ Personal Ethics Vs. Ethics of Society □ Role of Ethics to discipline thoughts based on god and religion □ Role of law to

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