Webster dictionary defines Ethics as: The rules or standards governing the conduct of a person or the members of a profession. There are many governing bodies exerting control and influence over the business community. These institutions vary from government based (SEC) to professional self-governing institutions (Professional Engineers of Canada). There are also international governing bodies that can impose rules and standards of conduct. However, the level of influence over businesses beyond national boarders greatly varies. …
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…An example of this was Nike's child labour accusations in Asia. Other way to control ethical conduct is through government regulation. However, many would argue if this approach is the answer to ethical conduct. Most will agree that murder is unethical, yet there is Capital punishment. In conclusion, I see corporate ethics as situational and not global. It is the consequences of their decisions that determine their course of action, and not the moral value