This chapter examines the issue of business ethics. It first explains why business ethics matter. It then considers the notion of notion of corporate responsibility, and sets out policies and practices to ensure that businesses have an ethical dimension to their decision-making. The chapter explores the role of businesses in promoting worldwide social goods. It also considers the role of the lawyer in helping businesses to behave in an ethical way. This can be a particular challenge for in-house lawyers who may find a tension between their role as an employee of a firm and as a voice to ensure good practice.
Chapter
13. Business ethics
Chapter
12. Business ethics
This chapter examines the issue of business ethics. It first explains why business ethics matter. It then considers the notion of notion of corporate responsibility, and sets out policies and practices to ensure that businesses have an ethical dimension to their decision-making. The chapter explores the role of businesses in promoting worldwide social goods. It also considers the role of the lawyer in helping businesses to behave in an ethical way.
Chapter
3. Resolution of commercial disputes
This chapter covers the resolution of commercial disputes. Due to the nature and complexity of commercial activity, disputes inevitably arise especially within transactions involving large amounts of money. Generally, businesses often prefer to avoid litigation if possible as it is costly and time consuming while also generating bad publicity and damaging a trading relationship. The chapter then introduces the practice of arbitration, which is a popular method of settling business disputes that come out of contractual relationships. It considers the systems for alternative dispute resolutions (ADR), some of which are variants of arbitration or litigation that may offer advantages for the resolution of commercial disputes.
