Ethics and Corporate Governance
In a complex global world, businesses place a growing emphasis on ethical conduct toward individuals, society and the environment. Where organizations were once measured against an exclusive criterion of annual profit, they are now measured by the manner in which such profit was gained. Formulating an effective ethical plan and integrating and ethical code and values within organizational operations, enables proper risk management and increases the competitive advantage. Concurrently, corporate governance is the manner in which corporations are led, directed and supervised by the leading entity – the board of directors. Proper corporate governance leads to business growth and enhances confidence among the investors and other stakeholders.