Business ethics refers to the principles and standards that guide the conduct of individuals and organizations in the business environment. It encompasses the moral values and norms that dictate what is considered right or wrong in business interactions. Business ethics involves various issues, including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. It aims to foster a culture of integrity and accountability, ensuring that businesses operate fairly and responsibly towards their stakeholders, including employees, customers, investors, and the community. By adhering to ethical standards, businesses can build trust and loyalty, improve their reputation, and contribute positively to society.
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…