What do we mean by code of ethics? Explain how can high ethics standards maintained in an organization?
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5) What do we mean by code of ethics? Explain how can high ethics standards maintained in an organization? " The performance of the corporation must be not only legal but ethical, fair, open, and considerate; it must accord with the total well-being requirements set by society." Coy G. Eckland CEO of Equitable Life Assurance Managing Business Ethically and Responsibility: Knowing what's right and wrong and behaving accordingly is what ethical behavior is all about. Social responsibility means that a business shows concern for the welfare of society as a whole. From here we have to look at ethics from both an Organizational and an Individual perspective. Legality the First Ethical Standard: Some people wonder if being ethical these days means no more than having escaped conviction. The "ethical" question seems to have become, was it legal? We got ourselves in trouble when a society considers ethics and legality to be the same....


