Ethics and company social responsibility are vital topics in today’s business environment. With the recent ethical downfall of Enron and therefore the ethical violations of telecom giant WorldCom, citizens are wary of investing in U.S. markets. Companies must do their best today to stick to moral standards. These ethical standards are a top-down effort from leadership. Ethics and good corporate governance can result in success in business. Organizations have also found that being an honest corporate citizen can benefit the company’s bottom line, while protecting it from a damaged reputation if minor ethical infractions do occur.
Companies are realizing that so as to attain sustainability, they must become more socially aware and ethically conscious within the post- Enron business climate.