PRESENTATION SUMMARY AND REFLECTION: BUSINESS ETHICS AND CORPORATE GOVERNANCE
Presentation Summary and Reflection: Business Ethics and Corporate Governance
The presentation offers invaluable information on the nexus between human character and organizational behavior. It discusses self-respect and self-esteem and their relationship; identity; ethics and business; business and society; ethics in business decision making process; the invention of the corporation and its evolution; capitalism and democracy; and financial scandals of the past and our times. All these concepts underscore the importance of ethics in business for the betterment of society from the perceptive of good personal conduct.
Understanding the importance of ethics in business and the role of corporate responsibility requires one first to appreciate the fact that the human and business can never be separated. Thus, a corporation is as good as its people, and the vision and mission of the firm are a reflection of the stakeholder’s interests. Before the emergence of corporate social responsibility, the firm was mainly concerned about the interests of the shareholders and no one else. However, business ethics through the lens of corporate governance has ensured that businesses not only consider the rights of the shareholders but all stakeholders, who include employees, suppliers, customers, government and the community.
The presentation brings…
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