Introduction to ethical management
We comply with the basic behavioral principles of business ethics.
Definition of ethical management
It means the basic behavioral principles of business ethics that corporations
must strictly comply with in their relations with shareholders, customers,
suppliers, employees, local communities, and the environment.
Necessity of ethical management
Corporations are making endless efforts to maintain continuity
in their relations with all stakeholders.
The legal, ethical, social and environmental responsibilities of corporations
are of vital importance in addition to their basic pursuit of profits.
The very existence of an increasing number of corporations is threatened
as they fail to fulfill these responsibilities.
Accordingly, the important management principle of ‘ethical management,’
which returns corporate profits to customers, employees and society prevents
risks and reinforces the very existence of corporations.