Ethics & Law - Explained
How does law affect the understanding of ethics?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is the role of ethics in law?
- Both ethics and law deal with right and wrong and foster social cooperation.
- Societys ethical values become law through legislation and we often associate complying with the law as ethically correct.
- That the state enforces law but that personal ethics are voluntarily observed.
- Ethical systems are a broader based commitment to proper behavior than law.
- The values found in ethics may be imposed on an individual, but motivation to observe moral rules comes from within.
- That ethical values frequently become law and that legal regulation reflects ethical values.
- Ex. Civil Rights Act of 1964
- Legal regulation is a significant source of values for business.
- The motivation to observe the law come from outside oneself i.e., legal consequences.
- Personal ethics is a much higher standard than legal compliance which is a bare minimum.