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Ethics is about principles, values and beliefs which influence judgement and behavior. It goes
beyond obeying laws, rules and regulations laid down in the business environment. Business ethics are is very important in the following ways:
a.Helps in developing a certain pattern of behavior in different business departments, the directors, the executive and other top officials are able to have a guide.
b.It sets the minimum standards for business owners, managers and employees to follow when completing various business functions.
c.Protect a company's reputation and legal standing in the event of a breach of ethics by an individual employee.
d.Ethics influence and contribute to, Employee commitment., Investor and customer loyalty and confidenc
e.Prohibits bad behavior that ruins the reputation of the business
Please let me know if you need any clarification. I'm always happy to answer your questions.