The term Ethics is derived from the Greek phrase ‘ethos’ which refers to character. Furthermore, a program perceived as designed primarily to guard senior managers is clearly dangerous and is associated with increased violations of its established requirements and procedures.6 Analysis and experience over the previous 15 years suggest that a primary finest practice is to design a business ethics program that goes beyond mere compliance.
Over the previous two decades, emerging world standards from quite a lot of business associations, stakeholder groups, and worldwide institutions have been addressing the issues of responsible business conduct: ethics, compliance, and social accountability.…