ETHICAL AND UNETHICAL ISSUES IN DISCIPLINE OF MANAGEMENT WHAT IS ETHICS? Ethics is based on well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues. WHAT IS BUSINESS ETHICS? Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading , bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. ETHICS IN HUMAN RESOURCE MANAGEMENT Human resource means the collection of people and their characteristics at work. HR management involves both strategic and comprehensive approaches to managing people as well as workplace culture and environment. ETHICAL ISSUES Cash and Compensation Plans There are ethical issues pertaining to the salaries, executive perquisites and the annual incentive pla...