Business Ethics refers to the principles and standards that guide behavior in the world of business. It encompasses the values and moral judgments that shape how decisions are made within an organization, affecting all aspects of its operations—from corporate governance and compliance with laws to corporate social responsibility and stakeholder relationships. Business ethics involves considerations such as fairness, transparency, integrity, and respect for stakeholders, including employees, customers, suppliers, and the community. It addresses issues like bribery, discrimination, fraud, environmental concerns, and employee rights, aiming to promote responsible conduct and ethical decision-making that supports the overall well-being of society. Adherence to business ethics is critical for maintaining trust and credibility in the marketplace, fostering a positive corporate image, and sustaining long-term success.
A senior executive from TV Asahi misappropriated approximately 5.17 million yen and engaged in verbal misconduct, highlighting serious ethical breaches. The company responded with disciplinary actions, including demotion and financial…