1. Any company is referred to as a multinational company or corporation (MNC) when that company manages its operation or production or service delivery from more than a single country.
2. It has its headquarters based in one country with several other operating branches in different other countries.
3. The country where the head quarter is located is called the home country whereas; the other countries with operational branches are called the host countries.
4. Example:IBM

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. All business units have realised that ethics is vitally important for the existence and progress of the business as well as the society.
2. It is very important as it improves public image, earns public confidence, and leads to greater success.
3. Ethics and profits go together in the long run. It enhances the quality of life, standard of living and business.

1. Business exists to supply goods and services to the people from social point of view but from individual point of view, the primary objective of any Business unit is to make profit.
2. The individual objective should not be in conflict with societal objective.
3. These two objectives normally contradict each other, as one Business enterprise may be good in individual objective and bad at Societal objective and vice versa.
4. This raises the question of what is right and what is wrong.
5. The subject matter of Ethics is concerned with establishing linkages between individual good and social good. Ethical standards are often enacted into laws.
For Example : Charging fair prices to customers, using fair weights for measurement of commodities, giving fair treatment to workers, earning reasonable profits, etc.

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.