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.

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

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.

1. Corporate governance specifies the rights and liabilities of different group of people like the chief executives, directors of the board, managers of different departments and other stakeholders.
2. This helps to provide the structure through which the objectives of the company is formulated and their performance is monitored.

1. Business ethics may be defined as a set of moral standards to be followed by owners, managers and Business people
2. These standards determine the conduct and behaviour of Business people.
3. Business ethics reflects the conduct in the context of Business.

1. India ranks 10th in the world in Factory output.
2. The manufacturing sector Accounts for 27.6% GDP.
3. Privatisation of certain Public sector Industries.
4. Liberalisation also attracted MNC's and encouraged local entrepreneurs.
5. India stands 15th in service output. Increased demand from Foreign consumers for Indian products and services.
6. India has an extensive network undersea fiber-optic cables leading to India becoming the centre for outsourcing of Business process.
7. India has become big employment generator, especially amongst young graduates.
8. India has witnessed sustained Economic development as envisioned by our forefathers.
Top MNC's in India : 
Following are the names of some of the most famous multinational companies:
1. IBM,
2. Microsoft
3. Pepsico
4. Sony
5. Vodafone
6. Reebok
7. Nokia.
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.

Code of business ethics:
Code of Ethics documents the generally accepted principles of Ethical conduct. They are statements of values and principles which define the purpose of an organisation. It gives a clear picture of the standards that employees should follow. It guides them in decision making.
The code of Business Ethics can include the following:
(1) To offer goods at Fair prices.
(2) To supply goods of good quality and not to deal in spurious and sub-standard . products.
(3) To listen to consumer's complaints and to reduce them.
(4) Not to resort hoarding and black marketing.
(5) Not to resort to price cutting with the sole aim of Killing competition.
(6) Not to issue advertisement containing false information or exaggerated claims.
(7) To pay fair wages to its employees and .not to exploit them.
(8) To provide congenial work atmosphere ..
(9) To design production process in such a way as to reduce Environmental pollution.
(10) To keep proper books of Accounts and Records.
(11) To pay Taxes regularly.
(12) Not to overlook Government rules and regulations even at the time of incurring losses.