Bestuursetiek

Abstract

Business ethics describes and explains why management behaviour is ‘right’ or ‘wrong’. In order to examine such an evaluation, more knowledge and insight is required about the set of values of the individual, or of the management which represents the corporate value system. The objective of training management in business ethics is to render analytical acumen regarding the complexities of business ethics, and to supply the necessary instruments in meeting the challenges. The important virtue of business ethics is the way it transcends the appeals made on man, by public (or even internal) rules and regulations. In an enterprise, business ethics includes the whole sphere of management responsibility as it is exercised in the miscellaneous functional elements. The disposition of management towards business ethics determines the basic principles which will be employed. The term managemait might refer to an individual, a board of directors, a management committee or something of similar stature. Management's demeanour determines the attitude towards truth, the law, equity and justice. In final instance, account will have to be given of stewardship which will earn either punishment or reward.