Page 2 - Lesson Note 5
P. 2
(i) Corporate Governance.
(ii) Insider Trading.
(iii) Corporate Social Responsibility.
(iv) Fiduciary Responsibility.
5. Ethical Practices:
(i) Providing quality and correct quantity of goods to consumers.
(ii) Environmental issues during production.
(iii) Payment of minimum and correct wages to the workers.
(iv) Not to use child labour.
(v) Judicious use of natural resources.
6. Importance of Ethics for a Business:
(i) Attracting Customers.
(ii) Reduction of labour turnover.
(iii) Increasing Productivity.
(iv) Attracting Investors.
(v) Protecting the business from takeover.
