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Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.
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From Business Ethics and Corporate Governance
Objectives (any three) (concept):
Write any three points.
The fraud triangle states fraud occurs when there is pressure, opportunity, and rationalization (overview).
In scandals, pressure (targets), opportunity (weak controls), and rationalization ("everyone does it") combine to enable misconduct.
Flowchart:
Pressure + Opportunity + Rationalization -> Misconduct -> Cover-up -> Discovery -> Scandal
Corporate governance is the system of direction and control to ensure accountability, fairness and transparency (concept).
Conclusion: Strong governance builds trust and supports sustainable performance (concept).