26. Ethics and Corporate Governance

Try these first

1. 1.

   What is the definition of business ethics?

   Hint

   Think about how ethics apply to business actions.

2. 2.

   List two key principles of business ethics.

   Hint

   Consider the moral standards that guide business actions.

3. 3.

   Which principle of business ethics emphasizes honesty?

   • Accountability
   • Integrity
   • Transparency

   Hint

   Think about which principle is closely tied to honesty.

4. 4.

   True or False: Corporate governance only concerns shareholder interests.

   • True
   • False

   Hint

   Consider who else might be affected by corporate decisions.

5. 5.

   Evaluate the ethical implications of a company using aggressive marketing strategies that mislead customers.

   Hint

   Consider the balance between profits and trust.

6. 6.

   Discuss how incorporating ESG metrics can benefit a company from both ethical and financial perspectives.

   Hint

   Think about how ethics align with long-term business strategy.