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Question 12: As a strategic leader, what action could you take to establish and emphasise ethical practice in your firm.

Question 12: As a strategic leader, what action could you take to establish and emphasise ethical practice in your firm.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question 12: As a strategic leader, what action could you take to establish and emphasise ethical practice in your firm.

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Business ethics is defined as the study and implementation of relevant business policies and practices in regard to subjects which have the potential to be controversial. These subjects include corporate governance, discrimination, bribery, insider trading, corporate social responsibility etc. Law usually provides guidance with the help of guidelines to business ethics that the company can choose to follow to gain public approval.

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