This paper approves that ethical code of conduct under this section demands everybody to desist from insider trading. For elaborate and transparent business environment, illegal campaign contribution, all act of bribery and any other scandal executed at the expense of compromised code of ethics should never be encouraged for a healthy fair business environment to develop. In achieving an ethically respectable corporation within the business environment, it is important to facilitate the incorporation of ethical climate. Research has proven that ethical conduct is something that cannot be reinforced by the law but by intrinsic development and virtue. Since the law cannot force commitment of ethical codes, it is therefore important to influence it positively by creating a favorable working environment with ethical climate. Ethical climate of an organization simply refer to the process by which company decisions are made after deep evaluation of its implication and on the basis of right or wrong.
This report makes a conclusion that it is clear that ethical matters are of great concern as far as influence of corporation on environment is concerned. In any business environment, establishment of good working relationship between employees and management is vital toward motivating workers. The managers should ethically be responsible in ensuring that rights of employee’s are not infringed in whatever decision they make. This is the only way to ensure prosperous working environment with mutual respect.