Make business ethics a cumulative science

Corporate ethics research is not currently cumulative science but must be science. The benefits of research that help companies improve ethics can be quite large, especially when strong ethics indicate that companies will improve their effectiveness.

Ethics is the subject of social science related to moral principles and social value. "Corporate ethics" is a study on appropriate business policies and practices related to potential conflicts, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibility. Satyam's Raju revealed fraud in a letter to the board that showed a trend of fraud. He says, "The marginal gap between real operating profit and the economic gains reflected in books has continued to increase over the years, which has reached an uncontrollable proportion."

From the roots of ancient Greece to unequal gender wages, modern ethics is a major area of ​​research. There are several specialized journals on business ethics, which are also listed in mainstream philosophy and social science magazines. However, there is a difference between business ethics and social responsibility (and corporate social responsibility). Business decisions on ethics may affect the daily lives of experts and consumers. Many people are hired by organizations that sell or provide goods and services. Experts such as attorneys and accountants are bound by the Code of Conduct of the Expert Association and other experts must practice good business ethics with their colleagues, customers, and the public in the course of their duties It will not.

Corporate ethics and social responsibility are important issues that companies must consider when making decisions. Corporate ethics is a way for companies to act in accordance with their practices and policies and focus on what they do best for shareholders and stakeholders. Social responsibility is a concept that companies are responsible for society and the environment and promises to do their best for the well being of society as a whole.