Ethics, Business Ethics & Banking: An Integrated Perspective | PAPER II – PRINCIPLES & PRACTICES OF BANKING | MODULE D: ETHICS IN BANKS AND FINANCIAL INSTITUTIONS
Ethics, Business Ethics & Banking: An Integrated Perspective Ethics, Business Ethics & Banking: An Integrated Perspective 1. Values and Ethics Values are the guiding principles or standards of behavior that are regarded as desirable, important, and held in high esteem by a particular society. Ethics is the system of moral principles that governs the behavior of individuals or groups. Example: Honesty, integrity, and transparency are values. Not manipulating financial statements is an ethical behavior in accounting. 2. Ethics and Business Values Business values are the principles that guide how a company conducts business. These include customer focus, accountability, innovation, and fairness. Ethics in business ensures these values are upheld in daily operations. 3. Business Ethics – Definition, Principles and Practice Definition: Business ethics refers to the application of ethical values in business...