Our general directives of corporate governance can be outlined as such:
Relationship with society is a must for the survival of every business organization. Ethics directs business to consider the interest of society and work for their welfare. It should not focus only on its growth at the cost of exploitation of society. Business should actively participate in corporate social responsibility and should contribute towards infrastructural development programmes for its society.
Ethics play a key role in enhancing the overall image of business in the market. It monitors all operations of business and avoids any unethical activities. Practicing ethics maintains the legality of business thereby providing better service to customers. All unfair trade activities are controlled and quality goods are delivered. Customers will be happy with the services which leads to creating a positive image of the company.
Supporting in decision making of organization is an important function played by business ethics. Ethics provides rules and guidelines that will be followed by our company and in our functioning. All decisions are taken in light of moral and social values mentioned in these ethics. It guides in deciding what is right or wrong for our business organization.