Role of Business Ethics in Better Governance: A Quantitative Study of Executive’s Opinions

Abstract

The important attributes that make Business ethics crucial stands on strong pillars namely, Rule of Law, Competence and Capacity, openness to change, transparency and accountability and most importantly Human Rights and Ethical conduct. In this paper all the important attributes of business ethics are considered which are helpful for the better Governance. This responsibility lies not only with the CEO or owner of the business or company but with each and every employee or worker working in the organization regardless of his or her post and designation. This paper will highlight the important business ethics and its implementation throughout the working of the business. This paper will also emphasize how the ethical code of conduct will help in the better governance of the business. This paper will also stress on the point that business ethics though are not legal obligation but they are as important as any other legal law. The sample size of the study was 193 respondents. The data analysis was performed with the help of t-test and mean.