scholarly journals How Principles of Business Ethics Relates to Corporate Governance and Directors?

2018 ◽  
Vol 4 (3) ◽  
pp. 22-27 ◽  
Author(s):  
Ayşe Şahin
Keyword(s):  
Corporate Governance ◽  
Business Ethics ◽  
Codes Of Conduct ◽  
Ethical Standards ◽  
Business Practices ◽  
Business Law ◽  
Public Companies ◽  
Legal Perspective ◽  
Corporate Codes Of Conduct ◽  
Code Of Corporate Governance

Abstract How can we define business ethics? Which principles are inherent in it? Business ethics propose several principles to be considered by companies, commercial entities, as well as other entities such as NGO’s, cooperatives, public organizations etc. First, this study will clarify the meaning and scope of business ethics and the principles included, such as integrity, fairness, trust, openness, truthfulness etc. Secondly, I will try to examine different facets of business ethics. I will approach this concept especially from a legal perspective and try to determine which aspects of this concept have been integrated into law. Business ethics has reflections especially in business law and corporate governance and is being “legalized” by the corporate codes of conduct. This study aims to clarify that business ethics are mentioned explicitly in Turkish law, in the Code of Corporate Governance concerning public companies and discuss legal impact of this regulation. As a result of this quotation in the Turkish Legislation, there could be revealed several questions. One of the questions is whether ethical standards might be a source of liability of the board and directors. In my presentation I would like to examine to what extent ethical standards interrelates with corporate governance codes and the liability of directors. Business ethics can be described as a source concept and a set of principles, that gives rise to fields such as “corporate governance”, “corporate responsibility”, “liability of directors” and “human rights in business” concerning especially working conditions of the employees. Business ethics has an intersection with all the mentioned fields. In the second part of this study, I will try to clarify the connection of business ethics with corporate governance principles in business and then conclude how business ethics has been adopted into legal system and how it shapes and affect business practices especially in Turkish law.

scholarly journals Business Ethics and Integrity a Case Study on 300 U.S. Listed Companies

2015 ◽  
Vol 25 (2) ◽  
pp. 63-80
Author(s):  
Diana-Maria Tinjala ◽  
Lavinia Mirela Pantea ◽  
Buglea Alexandru
Keyword(s):  
New York ◽  
Business Ethics ◽  
Stock Exchange ◽  
Codes Of Conduct ◽  
Corporate Ethics ◽  
Moral Integrity ◽  
Content Analysis Method ◽  
Corporate Codes Of Conduct ◽  
Policies And Programs ◽  
Corporate Social

Abstract Profit-maximizing behavior or moral integrity? Can companies have both? Our study takes a look at 300 U.S. based companies listed on the New York Stock Exchange and NASDAQ, and their way of dealing with business ethics. The research undertaken focuses on the content analysis method, using the corporate Codes of conduct and Corporate Social Responsibility (CSR) reports. The study reveals the evolution of the corporate ethics policies and programs throughout the years 2010- 2014. We also take a look at the most frequent controversies concerning business integrity, by sectors of activity

scholarly journals PEMBANGUNAN TATA KELOLA KELAUTAN INDONESIA: PERAN HUKUM INTERNATIONAL MEMBENTUK ETIKA BISNIS KELAUTAN

Arena Hukum ◽  
2020 ◽  
Vol 13 (3) ◽  
pp. 416-433
Author(s):  
Yohanes Sirait ◽  
◽  
Ai Permanasari
Keyword(s):  
Business Ethics ◽  
International Law ◽  
Environmental Sustainability ◽  
National Level ◽  
Ethical Standards ◽  
Business Practices ◽  
Literature Study ◽  
Marine Governance ◽  
Deductive Method

Issues related to marine governance still need some improvement in Indonesia, where issues on determination of the maritime boundaries between Indonesia and other states are unsettled, the inadequate utilization and development of coastal areas and small islands to the large number of business activities that pollute the sea. This is due to unethical business practices and neglect of marine sustainability. This study aims to examine the development of marine governance from the perspective of international law. The development of governance can begin with the dissemination of business ethics which is an important part of marine governance. This normative juridical study, collected through literature study is analyzed using a qualitative deductive method. The results shows that international law contributes to upholding ethical standards of business and disseminating it to other states. Therefore, Indonesia needs to promote an appropriate business ethics oriented to environmental sustainability. It can begin by spreading the ethic from the international to the national level.

Business Ethics and (or as) Political Philosophy

2010 ◽  
Vol 20 (3) ◽  
pp. 427-452 ◽  
Author(s):  
Joseph Heath ◽  
Jeffrey Moriarty ◽  
Wayne Norman
Keyword(s):  
Political Philosophy ◽  
Corporate Governance ◽  
Business Ethics ◽  
Applied Ethics ◽  
The Other ◽  
Business Practices ◽  
Central Importance ◽  
Capitalist System ◽  
The Past ◽  
Distribution Of Income

ABSTRACT:There is considerable overlap between the interests of business ethicists and those of political philosophers. Questions about the moral justifiability of the capitalist system, the basis of property rights, and the problem of inequality in the distribution of income have been of central importance in both fields. However, political philosophers have developed, especially over the past four decades, a set of tools and concepts for addressing these questions that are in many ways quite distinctive. Most business ethicists, on the other hand, consider their field to be primarily a domain of applied ethics, and so adopt methods and conceptual frameworks developed by moral philosophers. In this paper, we discuss some of the salient differences between these two approaches, and suggest some ways in which business ethicists could benefit from taking a more “political philosophy” approach to these questions. Throughout, we underline the importance of seeking greater compatibility among the principles used in normative theorizing about markets, regulations, corporate governance, and business practices.

scholarly journals Business ethics: A connection to good corporate governance implementation

2020 ◽  
Vol 8 (2) ◽  
pp. 185-194
Author(s):  
Sambas Ade Kesuma ◽  
Risanty Risanty ◽  
Muhammad Husni Mubarok ◽  
Citra Marisa
Keyword(s):  
Corporate Governance ◽  
Public Sector ◽  
Business Ethics ◽  
Moral Values ◽  
Business Practices ◽  
Good Corporate Governance ◽  
Public Sector Organizations ◽  
Ethical Violation ◽  
A Company

The main purpose of this study is to discuss business ethics and good corporate governance implementation. Business ethics is the foundation of good corporate governance implementation in a company. The existence of ethics in the company is expected to be a benchmark for measuring moral values, especially policies. It is also expected that the application of good business ethics elevates the implementation of good corporate governance. The establishment of supervisory institutions in public sector organizations is also expected to be the best way to eliminate the ethical violation. Thus, good business practices and the environment in Indonesia can be achieved.

Relationship between Code of Corporate Governance and Corporate Financial Performance (An Empirical Study of Food Companies Listed on KSE)

GIS Business ◽  
2017 ◽  
Vol 12 (4) ◽  
pp. 01-09
Author(s):  
Asma Rafique Chughtai ◽  
Afifa Naseer ◽  
Asma Hassan
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Securities And Exchange Commission ◽  
Executive Directors ◽  
Agency Conflicts ◽  
Cross Sectional ◽  
Return On Equity ◽  
Governance Practices ◽  
Code Of Corporate Governance ◽  
The Impact

The crucial role that implementation of Code of Corporate Governance plays on protecting the rights of minorities, shareholders, local as well as foreign investors cannot be denied. Companies all over the world are required to implement their respective Code of Corporate Governance for avoiding agency conflicts between companies management and stakeholders and for assuring transparency in accountability. This paper aims at exploring the impact of implementation of corporate governance practices (designed by Securities and Exchange Commission of Pakistan) have on the financial position of companies. For explanatory variables of the study, composition of the board as per the Code of Corporate Governance that comprises of presence of independent, executive and non-executive directors has been taken into consideration. Return on equity has been taken as an indicator of firms profitability i.e. the dependent variable. For this study, companies listed on food producing sector of Karachi Stock Exchange have been screened for excogitation of the relationship. It is an empirical research based on nine years data from 2007–2015. Using Hausman Test for selecting the data analysis technique between Fixed or Random, Fixed Cross Sectional Panel Analysis has been used for analysis of the data collected. Findings indicate that presence of independent, executive and non-executive directors as per the code requirements levies a significant impact on the profitability of companies indicated by return on equity. It is, thus concluded that companies should ensure compliance with code of governance practices to reduce not only the agency issues but also to increase their profitability.

Corporate governance and business ethics: Evidence from a sample of Algerian corporations

2020 ◽  
Vol 4 (1) ◽  
pp. 15-29
Author(s):  
Nour El Houda Yahiaoui ◽  
Abdelmadjid Ezzine
Keyword(s):  
Corporate Governance ◽  
Business Ethics ◽  
Structural Model ◽  
Structural Equations ◽  
Path Modeling ◽  
Senior Managers ◽  
Corporate Scandals ◽  
Governance Systems ◽  
Sustainable Value ◽  
Governance Practices

Corporate governance systems are developed to govern corporations, build trust and create sustainable value for all stakeholders. Paradoxically, in spite of massive efforts in developing governance systems, corporate scandals are persisting. Different studies have strongly recommended business ethics as a solution to this paradox. Thus, this study explores if business ethics supports corporate governance practices in a sample of Algerian corporations. The study used a mixed methodology; qualitative: since this subject is poorly addressed in the Algerian context that requires an exploratory study. Quantitative by developing a structural model demonstrating the relationship between business ethics and corporate governance, Data for the study were collected by means of a questionnaire distributed on an anonymous basis to corporations’ senior managers in Sidi Bel Abbes district. Treatment of collected data is done using two types of analysis: the structural equations modeling approach by using the PLS Path approach (PLS Path Modeling) and linear regression. The study finds out that business ethics leads to better levels of corporate governance and supports its practices; and the reason is mainly due to an implicit involuntary commitment to laws as a minimum required level of compliance, and that the protection of stakeholders’ rights are the most important corporate governance’s dimension affected by business ethics.

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