Research On The Basic Understanding Of Business Ethics

Kriti Suman, Chanakya National Law University

ABSTRACT

Business ethics basically deals with the study of appropriate business policies and their practices which can be a paramount consideration for any business entities for running their business and affairs. It deals with the practices of ethical principles relating to Corporate Social Responsibility, Insider Trading and Fiduciary Responsibility etc. Business ethics is being consider as part of the larger social ethics, always been seen affected by the ethics of the era. Business ethics is guided by the principle of law which deals that how it keeps company away from any illegal prospective activities. Business ethics are the moral principles that act as guidelines for the way a business conducts itself and its transactions and guide what is right and wrong. Through this essay, the Author would like to cover what business ethics is, its importance in running business, governing law and how it can be apply at work place and impose liability upon the person carrying the activities of the business entity.