Brief overview of ethics philosophies (teleology, deontology, justice theories, ethical relativism what constitutes good governance in the corporate world stakeholder and stockholder theory the social duty versus the economic duty of business implications of Friedmans theory individual ethics versus corporate ethics difference between codes of ethics and the legislation how to distinguish between right and wrong behaviour why moral questions arise in the business corporation bribery in the context of business gifts versus bribes implications of gifts in the corporate world why there is an ongoing debate on whether ethics can or should be taught - profit maximisation v/s other corporate objectives - personal v/s corporate ethics whistle blowing impact of poor governance on business.