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Chapter - 11







                                                       Ethics









        Chapter Introduction:



        This chapter deals with ethics, explains the difference between law and ethics



        and the relation between ethics and values. It also discusses how business and



        governance are related to ethics. Towards the end of the chapter, the influence



        of spirituality on ethical issue is explained.





            A. Ethics, Laws and Values


            1. What is Ethics





        Ethics deals with issues of right and wrong. The principles of right conduct are



        not always explicitly stated. They are implicitly known. There would be general



        awareness of what constitutes proper behaviour. It is clearly not right to



        'cheat'.
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