Introduction Ethics can be defined as a process of evaluating actions according to moral principal of values (A.Alhemoud). Throughout the centuries people have been trying to choose between profit and moral. Those issues concern fairness, justice, rightness or wrongness; as a result it can only be resolved according to ethical standards. Setting the ethical standards for the way of doing business in corporation is primarily the task of management. Corporations have to maintain the …showed first 75 words of 1244 total…

…showed last 75 words of 1244 total…a large amount of stakeholders. I think the Carlyle group is a good example of what happens when you don't have corporate governance. References Ansoff, I (1965) Corporate Strategy: An analytic approach to business policy for growth and expansion, Demb,A and Neubauer FF (1992) : The corporate board confronting the paradoxes Dill, WR (1975):- Public participation in corporate planning: Strategic management in a Kibilitzers world De Wit and Meyer (2004):- Strategy Process content, Context and International Perspective