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.