ETHICAL NORMS AND LEGAL REGULATIONS IN MODERN BUSINESS
ETHICAL NORMS AND LEGAL REGULATIONS IN MODERN BUSINESS

Summary/Abstract: A large number of business leaders, as well as ordinary people, do not make a clear distinction between ethical norms and legal regulations; consequently, they expect morality would solve the legal issues, but confuse moral behaviour with mere compliance to the law. This study attempts to clarify this matter, discussing several matters: What is a norm in general; the necessary relationship between norms and freedom; the structure of norms; the normative statements; the distinctions between moral norms and legal regulations. Illustrated by a few case studies, the conclusion of this paper claims that too often mere legality does not insure the morality of business decisions and practices.

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