BusinessEthics and Managerial Accountability

Business Ethics and Managerial Accountability in Mergers and Acquisitions

Individuals are influenced by a variety of factors- parents and family friends , schools , media , the environment and society . Each has some bearing on how a person would view what is right and wrong , what is good and bad . The accumulation of these moral principles is known as ethics Ethical ideas represent the experiences (Post , Lawrence , and Weber 98 . Since ethics or what a person deems is right and morally accepted is based on cumulative factors , ethical beliefs may vary depending on the societal

and cultural perspective . In spite of these differences , there are some ethical ideals that are universality accepted such as honesty , protection of human and animal life and rights , and compliance with laws adopted by society

In business context , ethics is not entirely different . Business ethics refers to the translation and application of ethical ideas into a business setting (Post , Lawrence and Weber 98 . Business ethics is bound by the same ideals that individuals may regard as ethical and moral . For instance , stealing in general is unethical . In a business setting stealing pertinent information is also viewed as unethical and immoral Like in a society set-up , business ethics is shaped by several values that include philosophy , cultural system , the legal system and the professional codes (Steiner and Steiner 329 . Furthermore , ethical responsibility for corporate behavior is vested not only in the individual employees but the entire organization . An organization must have a Code...