Business ethics refers to the moral principles (trustworthiness, respect, fairness, and caring) that guide the day-to-day operations of a company, which should be important to every business. They are constantly changing and evolving world-wide due to changing laws and society’s concerns. Some ethical requirements have been written into law over time by governments as minimum standards, such as employer-employee relations including minimum wage and discrimination, insider trading restrictions, bribery, collusion, money laundering and social responsibility. The 1960’s was a first wave of significant changes in business ethics, when more companies started embracing social responsibility. Rapid population growth, pollution and resource depletion…
