Masaaki Kotabe and Kristiaan Helsen formulated the four arguments for business ethics.

THE ARGUMENT OF SCANDAL

 SPECTACULAR ENVIRONMENTAL POLLUTION OF RIVERS AND SEAS FOOD CONTAMINATION

DECEPTIVE FINANCIAL REPORTING CAR, FERRY DISASTERS EXCESSIVE EXECUTIVE COMPENSATION

 It is fair to say that no country spared from such scandals. But what are their consequences for improving business practice in the long run ?

THE ARGUMENT OF ECONOMIZATION

This argument states that business nowadays plays an ever more important guiding role for the whole of social life, that an economization of society is underway.

Winning companies and the people who work for them are the engine of a healthy economy, and in providing the revenues for government, they are the foundation of a free and democratic society.

THE ARGUMENT OF GOOD BUSINESS

This is also called making the business case Ethical conduct lies in the self-enlightened interest of the companies and is seen as an important motivational and unifying force to compete in the global business place.

I think winning is great. Not good-great. Because when companies win, people thrive and grow. There are more jobs and more opportunities.

Jack Welch

(1) An ecologically compatible economy, which allows all human beings to live decently on this planet earth.

(2)The overcoming of worldwide poverty and unemployment

People also become unemployed because the ruling class hire the smallest number of people possible, and force them to work very hard to make bigger and bigger profits. This means millions of people dont have work because bosses want to cut costs by hiring only few workers , not everyone.

(3)The abolition of discrimination relating to gender, nationality, race and religion

(4) The establishment of relatively corruption-free business environment

Businesses should work against corruption in all its forms, including extortion and bribery.

Corporate governance around the world is prompting companies to focus on anticorruption measures as part of their mechanism to protect their reputations and the interest of their shareholders.

(5) The shaping of just and fair International business reactions, promoting efficient and peaceful cooperation among all business partners.