Summary



In this section, we learned about the essential connection between corporate governance and ethical behavior, recognizing how business ethics guide decision-making. We explored the steps in ethical decision-making and the impact of corporate culture on ethical practices. We also understood the importance of whistleblowing mechanisms for promoting accountability. Ethical behavior fosters trust, enhances reputation, and ensures compliance with regulations. Through case studies like the Enron and Volkswagen scandals, we saw the significant consequences of unethical actions, reinforcing the importance of strong ethical leadership and transparency in cultivating a positive corporate culture for sustainable success.


Last modified: Friday, 18 October 2024, 12:29 PM