Ch 18Business Ethics and Corporate Governance — Class 11 Commerce, concept-first.

Business ethics refers to the application of general ethical principles — standards of right and wrong conduct — to business decisions, behaviour and relationships.

Although business ethics cannot be reduced to a single rigid checklist, a number of widely recognised elements or principles are generally used to judge whether a particular business practice is ethic…

Business ethics matters to a business for reasons that go well beyond moral sentiment alone:

Corporate governance refers to the system of rules, practices and processes by which a company is directed and controlled — specifically, the framework of relationships and accountability between a co…

Good corporate governance is generally organised around a small set of widely recognised principles:

Good corporate governance matters for a range of practical reasons that extend well beyond compliance for its own sake:

Sample papers and previous-year board questions for this subject.