Problem
I. What are some of the ethical questions facing companies doing business in a global context? What is your view of how well businesses have done in facing and addressing them?
Bribery, extortion, and significant labor standards as per country legislation are some of the main ethical concerns confronting corporations conducting business in a worldwide setting. I think corporations have done a respectable job recently of addressing issues by putting employee training programs in place and establishing rules and regulations that promote ethical conduct at work. Regardless of the issues that various countries and organizations confront, there is always space for progress in all sectors of business.
II. In what ways are values and principles important for global markets as well as investment decisions by firms?
To help participants' judgment and conduct, the markets rely on an ethical foundation. The effectiveness, principles, and goal of the industry as a whole are highly supported by universal ethics. The sustainability of the global capital markets as a whole is harmed by unethical conduct from market participants, investment professionals, and those who provide investor services. The effectiveness of the capital markets depends on investors' trust in the markets' integrity, transparency, and ability to reward them for the risk they decide to take.
III. What other benchmarks exist for sorting out responsible from irresponsible conduct? Which, in your view, are most helpful and which are problematic? Why?
There are a number of criteria that may be used to distinguish between responsible and irresponsible behavior. One useful benchmark is the utilitarian principle, which contends that decisions should be made based on how likely they are to result in the greatest amount of good for the largest number of people. The notion of justice, which emphasizes fairness and equality in decision-making, is another useful criterion. However, certain standards might be problematic, such as the relativism and individualism principles, which advocate prioritizing individual rights over the welfare of society. In the end, the particular context and values involved will determine which benchmark is most useful.