What Is Business Ethics?, Why Business Ethics is considered as 'oxymoron'?, Define Corporate Governance?

What Is Business Ethics? 

Business ethics is a form of ethics that examines ethical principles and moral or ethical problems that arise in a business environment when business is conducted. It is used in all aspects of business conduct and is relevant to the behavior of individuals and the entire organization. Business ethics is a business behaviors comply with all daily affairs. Business ethics are very important because they deal not only with the world in general but also for one-on-one dealings with a single customer.Good business ethics should be a major part of every business as there are many factors that should be considered as if the companies that do business with unethical conduct, the company will get a bad reputation and this will affect the company's business

Why Business Ethics is considered as 'oxymoron'? 

In 'oxymoron', some businesses, they bring a different concept or concepts that are not the same. It means the bringing together of two apparently contradictory concepts, such as in 'a cheerful pessimist' or a defining silence.




Define Corporate Governance?

Corporate Governance is the system by which business corporations are directed and controlled.Corporate Governance also is most often viewed as both the structure and the relationships which determine corporate direction and performance. Corporate governance concerns the relationships among the management, board of directors, controlling shareholders, minority shareholders and other stakeholders.

The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community. Whereas the 20th century might be viewed as the age of management, the early 21st century is predicted to be more focused on governance. Both terms address control of corporations but governance has always required an examination of underlying purpose and legitimacy. Good corporate governance contributes to sustainable economic development by enhancing the performance of companies and increasing their access to outside capital