Legal ethics vs. business ethics
Legal ethics and business ethics are alike in that they dictate, either by law or general standard, what is acceptable and what is not. They are different in that legal ethics are usually ensconced in laws and other enforceable standards whereas business ethics are not always a matter of law. For example, a handshake deal may or may not be enforceable in court (legal standards) but business ethics dictate that someone should follow through on what they promise. However, they are alike, regardless of the alw, in that people that violate them tend to be ostracized and labeled as unethical. Sometimes, it is possible to follow both business and legal ethics and still run afoul of other standards. For example, not giving a dollar to a bum on the street may not violate business or legal ethics but people can still view it poorly.
Topic 2: Rules of Professional Responsibility
Why do we have a specific set of rules for lawyers to follow? Who do the rules of professional responsibility for attorneys seek to protect, and why.
There are rules and regulations that all lawyers must follow because it is very important that the standards upheld in court are the same in every court. For example, if there are three similar cases in Kansas, New Jersey and New York, it is important that they all be held, conducted and done consistently. One reason it is important is because people's lives are literally in the balance when it comes to court cases, at least a lot of the time. Whether it is a lawsuit or a criminal case for first degree murder, there has to be consistency. It is generally presumed how the prosecuting attorney will act, how the defense attorney will act and so forth.
UNIT 7 DISCUSSION BD
Topic 1: Multinational Corporations
You have already examined situations where a company wants to open a market in a country...
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