Assignment

Definition of business ethic

Business ethics is the study of  business situations, activities, and decisions where issues of right and wrong are addressed. In other definition is business ethics are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants with businesses. The examination of the variety of problems that can arise from the business environment and how workers, management, and the organization can deal with them ethically. Problems such as fiduciary responsibility,corporate social responsibility, corporate governance shareholder relations, insider trading, bribery and discrimination are examined in business ethics.

    Why business ethic considered to oxymoron

By oxymoron, we mean the bringing together of two apparently contradictory concepts like cheerful pessimist or deafening silence. In some business, they bringing together of two apparently contradictory concept like cheerful pessimist or deafening silence. It is like we do it wrongly but keep it in silents or do something in term later can gain profits. In the business can and do act ethically. They do it because good, ethical behavior is the best long-term strategy for a company. That's not to say that ethical behavior always pays off financially or that unethical behavior is always punished. Unethical can make the business at least in the short term. Therefore, for the most part and over the long run, acting ethically can give a company a significant competitive advantage over companies that do not act ethically. 

Definition corporate governance

—   Corporate governance is the processes and structure by which business and affairs of corporate sector is directed and managed. For some other example are the Corporate Governance is the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in a company's relationship with all stakeholders such as with financiers, customers, management, employees, government, and the community. Corporate governance is "the system by which companies are directed and controlled". It involves regulatory and market mechanisms, and the roles and relationships between a company’s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed. lately, corporate governance has been comprehensively defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby mitigating agency risks stemming from the devious deeds of these corporate officers