Are you aware of Business Ethics? Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. There are three parts to the discipline of business ethics: personal (on a micro-scale), professional (on an intermediate scale), and corporate (on a macro scale). All three are intricately related. Ethical behavior can significantly benefit a company, namely by improving their reputation which can help boost sales and profits. But the development, implementation, and maintenance of ethical practices can limit a company's freedom to maximize profit. The seven codes of business ethics are Beneficence; concern for well-being and safety of client's, Nonmaleficence; refrain from causing intentional harm to clients, Autonomy/Confidentiality; respect client's rights and opinions, Social Justice. provide services fairly and equitably, Procedural Justice, Veracity, and Fidelity.

Prachi Garg

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