Assignment 2 : Topic " Law " - Slide 4 Business Ethics

For assignment number 2 (10%) you are required to select a topic of your interest (on the management of innovation for the students following the course or business ethics and corporate governance for those following this course).

You will have to create a question out of the topic that you choose and answer it. Do not answer more than 2 pages. Having done that you then upload your assignment in your own blog.

For example you may well choose diffusion as a topic. Your question could be something like this: "As part of the innovation continuum, diffusion is very important in spreading and marketing an invention to add value to it. Why?"

Start by defining diffusion...

Or

A topic on ethics like hedonism. "Briefly explain on the secular moral concept of hedosism"

Email to me stating that you have completed your assignment after you have uploaded it. You  must submit your assignment via your blog before the end of the sixth (6) week.

Good luck.

Souce : http://dinalorstar.blogspot.com/2013/02/assignment-2.html

My Submission

Topic : Law in Business Ethics

1) What is law ?

Law is determined by the individuals moral, political, religious, and ethical views, and influenced by the society in which he or she lives. So, law can be defined as a set of rules, developed over a long period of time to regulate interactions between people. It sets standards of conduct between one group of individuals and another as well as between individuals and the government, which are enforeable through sanction,

2) What is Justice?

Justice is what right ( minded members of the community - those who have the right spirit within them ( believe to be fair ).

3) Why Law Is important ?

Law is important as a source of rules and conduct, society would still be unable to function effectively unless its individuals possess some form of moral standards and beliefs - which may be termed as ethical considerations.

4) What the purpose of law ?

The purpose of law is to govern the conduct of all members of society, both natural and artificial.

5) Law and ethics are often related particularly in the area of business law. Are business can adopt in law ?

Business adopt codes of ethics or conduct to guide employers and employees when considering ethical issues during the decision-making process. For example bankers are guided by the BNM/GP7, the code of ethics issued by Bank Negara Malaysia - The minimum standards required in a banks code of conduct.

6) What are the legal rules relevant to business law which have ethical considerations ?

The assumption that all parties will exercise good faith ( Bona Fidei ) when entering into a contract, web issues such as privacy and cyber squatting, intellectual property considerations, consumer protection.

7) What are the regulation of directors under company law ?

Principles of uberrimae fidei ( Of utmost good faith ) applied in insurance law , aspects of employment and industiral law which impose obligations on employers in relation to anti - discriminations, occupational health and safety, minimum wages and conditions. While employees are expected to exercise a duty of fidelity.