Business ethics, Applied ethics, Codes of conduct

Business ethics is that part of corporate governance that deals with the moral values of managers encouraging them to be transparent in business dealings. Business ethics takes into consideration the interests of all stakeholders. In fact, good business ethics is the foundation of all good businesses. In the present day world where consumerism has become widespread, the importance of business ethics is even higher. The benefits of applying ethical principles in business are plenty. First of all, it ensures that the company survives in the long term as it increases profitability and sustainability.