The entry of MNC's into India have proved quite beneficial for the growth and development of Indian economy providing employment opportunities for the young generation.

The factors influencing Business Ethics are:
(i) Personal code of ethics
(ii) Legislation
(iii) Government Rules and Regulations
(iv) Ethical Code of the Company
(v) Social Pressures
(vi) Ethical Climate of the Industry

The steps involved in developing a corporate ethical programme are:
(i) Top Management Commitment
(ii) Publication of Ethical Code
(iii) Establishment of compliance mechanism
(iv) Enforcement

The nature of Business Ethics are:
(i) It is important in all types of business - large (or) small, manufacturing (or) service.
(ii) Business ethics is above law. It requires behaviour which is socially desirable even if not legally binding.
(iii) Ethics is a dynamic term and may change over time.

According to World Bank, "Corporate governance is about promoting fairness, transparency and accountability".
According to Cadbury committee, "Corporate governance is defined as the system by which companies are directed and controlled".

The unethical practices against employees are:
(i) Low salaries
(ii) Poor working condition
(iii) Exploitation
(iv) Signing for more wages than actually paid
(v) No job security

According to Thomas Adams, "It deals with the values of what is right and wrong, good and bad and moral and non-moral in business relationship."

Ethics is derived from the Greek word 'ethos' which mean a person's fundamental orientation towards life.

Business Ethics

(i) Top Management Commitment
(ii) Publication of a code
(iii) Establishment of compliance mechanism
(iv) Involving Employees at all levels
(v) Measuring results.

MNC's are defined to be an enterprise operating in several countries but managed from one country. It engages in various activities like exporting, manufacturing in different countries.

Balanced economic development is made possible through transparent management under corporate governance, All Stakeholders interests are protected and promoted through corporate governance.

1. To keep proper books of accounts and records.
2. To pay taxes regularly

An organisation defines its principles in a written document called code.

Ethics is derived from the Greek word 'ethos' which means a person's fundamental orientation towards life. It governs the behaviour, derived from the moral standards which help to determine right or wrong, good or evil.