The Legal Enviroment Of Business : Business Ethics And Law, Professional Responsibility

The Legal Environment of Business morality , Professional Responsibility and the LawOutlineIntroductionInteraction between Ethics and LawLegal RegulationsTypes of Legal Actions for BusinessesTypes of Business EthicsOrganizational Code of EthicsPersonal EthicsConclusionsBibliographyIntroductionModern businesses have to operate under a variety of integritys and regulations . The business partger has to ensure that alone federal and state mandated laws ar followed to overturn litigation and penalties . In addition to the laws on the books , the businesses also have to be crude to the public opinion and ethical motive . Laws cover many of the honest issues hardly others are related to the public image of the beau monde and may be of equal importance to some businesses [Business week , 2006]The staff and directors have to carryout their duties to the business their clients and the society in a professional and responsible manner and organise company trading operations successfully and profitably without any problem from the law of the priming or from the society , they work inInteraction between Ethics and LawAs ethics and law increasingly become interwoven , it is becoming more(prenominal) and more difficult to create distinction between the ii . Both ethics and law deal with right and slander both lay down rules for social cooperation and business conduct . Ethics practiced by the society are a great deal incorporated into the law through legislation or tribunal decisions and are thus followed as a part of the law [Reed et al , 2005]Ethics are learnt from the society and are often enforce upon an individual by the norms of that society . The society , the family , the company or even the law determines what ethical behavior is permitted in a society and business environment .

The motivation to follows ethics which are non a part of the law , comes from within , season the reasons to follow the law come from outside the individual , in the shape of compliance with the laws . Most people knew that slavery was wrong but until it was sanctioned illegal , the practice continuedOur morals notify us the ethical behavior , we know now as we knew before that discrimination on the grounds of race , wile , sex and religion in business transaction is ethically incorrect but the force of law was required to limit the selfishness that is present in all of usMorality and ethics do not necessarily have the force of law behind them , but the fear of the law makes everybody pay attention to his /her legal work . As Justice Holmes said , A bad man who cares nothing for an ethical rule which is believed and practiced by his neighbors is liable(predicate) nevertheless to care a good deal to avoid being made to pay money , and will necessitate to keep out of jail if he mint [Reed et al , 2005]Legal system , however attempts to set a basic marginal , while ethics may demand us to do more . The ethical approach in business can be divided into two categories , formalism and consequentialism . Formalism advocates irresponsible morality , a...If you want to get a full essay, gear up it on our website: Orderessay

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