2.

Ethics of Character
 What sort of people should we be?
 Dapat ano ka?
 
Teleological
 Came form Greek telos, "end" and logos, "science"
 Based on
 
Types of Teleological
 Divine Law & Natural Law
o Divine Law
 a law that is believed to come directly from God
o Natural Law
 system of right or justice held to be common to all humans and derived
from nature rather than from the rules of society, or positive law.
o Right to life
o Right to liberty
 Virtue Ethics
o Emphasizes moral character
 
 
Shareholder Theory
 The only responsibility of managers is to serve in the best possible way the interest of
shareholders using the resources of the corporation to increase the wealth of the latter by
seeking profits
 Objective Profit of the shareholders (Milton Friedman)