The moral standards and principles that are applied to business relationships and activities.
Moral principles concerning acceptable and unacceptable behavior by corporations and individual business people. Corporate executives are obliged to maintain a high sense of values and conduct honest and fair practices with all stakeholders.
Business ethics describes the body of management systems and tools to surface the company values, guide employee actions to these values and prevent and detect misconduct.
Business ethics is a form of the art of applied ethics that examines ethical rules and principles within a commercial context, the various moral or ethical problems that can arise in a business setting, and any special duties or obligations that apply to persons who are engaged in commerce.