Business Ethics

As businesses absorb the crippling effects of the global financial crisis, higher stakeholder activism and consumer involvement are now observed to refrain from such occurrences so that they may not be repeated. Poor business management has sprung new ethical frameworks and new sets of governmental regulations to guide decision makers in conducting business transactions.
It is indeed true that companies have gained valuable lessons especially in the field of capitalisation deals, financing options, and business outsourcing. This remarkable trend is teaching emerging markets how to handle critical management issues such as the separation of duties of executive managers and independent auditing committees, along with the creation of a meaningful code of ethics for employees. In due time, new ethical frameworks will be able to work sensitively towards stakeholder welfare in order to achieve healthy dynamic markets.

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