Ethical management refers to the management activities of the company where it recognizes the fundamental ethical responsibilities as a member of society and takes the autonomous ethical standards for the behavioral principle.
In other words, ethical management signifies a management activity that prioritizes ethical standards when any conflict between an individual‘s profit creating activities and corporate ethics occurs.
Although the immediate nonethical actions may be profitable to the company in the short term, it would eventually lead to the unfavorable survival of the company in the long term.
Responsibilities and duties for the customers | The company shall reflect every management activity from the customer’s position while considering the customers as the reason and objective of the company’s existence. The employees must maximize the profit of the customers to secure the firm trust from the customers. |
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Fair competition and business | The company shall establish a mutual trust and cooperative relationship by respecting the various regulations of a certain region and making a fair and transparent business through securing a competitive advantage with reasonable methods based on the free competition principle and fair trade rules of the globalization era. |
Responsibilities and liabilities regarding the members | The company should contribute to the development of the national economy, protect the profits of the stockholders, and contribute to the affluent life of the public and social development through the steady growth achieved by practical business operations. |
Code of conduct |
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