Business Ethics: The Next Frontier For Globalizing Indian Companies

Nowhere is the fast changing nature of the global business landscape more perceptible than on the ethics front. With a spate of recent unethical behaviors by large corporations in the Western world, especially in USA, their societies have become intolerant to businesses that manifest unethical behavior. Legal and regulatory frameworks in these countries have been swift to respond through stringent laws such as the Sarbanes Oxley Corporate Reform Act. Consequently, most businesses based in these countries have become extremely risk averse on the ethics front. Business ethics encompasses much more than mere compliance with laws and regulations.