MUCH is known in the corporate world today on governance issues as rules, regulations and laws have been introduced to ensure corporates do not misbehave when it comes to managing the business affairs of the company. Societal demands too have been strong in the sense that corporates today are more aware of the rights of all stakeholders rather than just shareholders.
One of the pertaining issues when it comes to business conduct of a company is ethical issues – how does a corporate handle an ethical issue as it faces multiple option in its decision making process? An ethical decision can have far reaching consequences in the immediate term or in time to come to various stakeholders, which include the employees, community, government, industry, trade unions, consumers or even suppliers in the value chain.
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