NAME : Ch.

Manideep

ROLLNO:2011BM010019

SECTION: BBA-A

Business Ethics And Corporate Governance

ASSIGNMENT

Find out the ethics laws in India in 200 words:

Business ethics is the study of appropriate business policies and practices regarding potentially
controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate
social responsibility, and fiduciary responsibilities. The law often guides business ethics, but at other
times business ethics provide a basic guideline that businesses can choose to follow to gain public
approval.

Business ethics refers to implementing appropriate business policies and practices with regard to
arguably controversial subjects.

In India there are various labour laws which businesses need to follow, but the main difference which
lies in making this industry the most thriving industry is the ethics which come with it. And sadly, there is
no such law which guarantees or directs these businesses when it comes to ethics.

Business ethics can be defined as a structure of rules which overlooks the conduct of the organizations,
their behaviour under the legal purview. Business ethics is a very broad term as there is no one type of
business present in this world.

Business ethics as a term is a very broad field of study and in the history is has been studied from various
angles such as of- philosophy, scientifically, legally etc. amongst these views the legal field the biggest
role in influencing business ethics. Law helps the business potray a positive image in the society which
increases its brand value and people start trusting the brand or the company and at the end consumers
and customers are made.

The concept of business ethics began in the 1960s as corporations became more aware of a rising
consumer-based society that showed concerns regarding the environment, social causes, and corporate
responsibility. The increased focus on “social issues” was a hallmark of the decade.