Companies owe their business activities to their stakeholders, as they are the reason behind the existence of the company. As such, stakeholders play a significant role in shaping of the ethical position and policies of the corporation. The basic aim of companies should be to maximize stakeholder’s wealth and this should be the guiding motive behind all transactions. However, on account of corruption and unethical activities on the part of the companies, there have been substantial losses to stakeholders’ wealth and this has raised a question over the sustainability of the business houses. On account of fraudulent activities like corruption, inaccurate financial reporting, etc, several big giants have lost their wealth and some of them have collapsed also like Enron, and WorldCom. In these fraud scandals, the CEOs and CFOs were held as the main reason for their downfall (Strischek, 2010). In this article, the focus would be on the discussion of aspects of business ethics, corporate social responsibility and corporate governance. The contribution of various studies and laws would also be briefly introduced.
公司欠他们的业务活动，以他们的利益相关者，因为他们是公司存在的原因。因此，利益相关者发挥显着的作用，在塑造公司的道德立场和政策的。公司的基本目标应该是最大化利益相关者的财富，这应该是所有交易的指导背后的动机。然而，考虑到腐败和不道德的活动的一部分，该公司有利益相关者财富的重大损失，这提出了一个问题，在可持续发展的商业机构。的欺诈活动，如腐败，不准确的财务报告等，几大巨头已经失去了他们的财富，他们中的一些已经崩溃也安然（Enron）和世通公司（WorldCom）等。在这些诈骗丑闻，CEO和CFO的主要原因为他们的倒台（Strischek，2010年）的举行。在这篇文章中，重点将放在商业道德，企业社会责任和公司治理方面的讨论。也将简要介绍的各种研究和法律的贡献。
