Legislation usually follows when a society deems a particular business action as wrong or unethical.
Business ethics
refers to the standards for morally right and wrong conduct in business. Law partially defines the conduct, but “legal” and “ethical” aren't necessarily the same. Business ethics enhances the law by outlining acceptable behaviors beyond government control.
An example of business ethics is when moral rules are applied by a corporation to determine how best to treat its employees, shareholders and customers. An example of business ethics are accounting ethics - especially for accountants of publicly-held corporations - which depend upon complete honesty and transparency.
unethical business
practices definition encompasses anything that falls below minimum standards for business code of conduct. This includes any behaviors that are widely accepted as being morally wrong and lead to the mistreatment of people, animals, or the environment.
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