Business ethics explained

  • Types of business ethics

    Business ethics.

Do ethical guidelines apply to businesses?

In many ways, the same guidelines that individuals use to conduct themselves in an acceptable way – in personal and professional settings – apply to businesses as well.
Acting ethically ultimately means determining what is “right” and what is “wrong.” .

×Business ethics is a practice that determines what is right, wrong, and appropriate in the workplace. It is a set of guidelines for dealing with various procedures ethically. Business ethics is often guided by laws, and these principles keep companies and individuals from engaging in illegal activity such as insider trading, discrimination and bribery. Some issues that come up in a discussion of ethics include corporate governance, social responsibility, and fiduciary responsibilities.

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