Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Currently, many companies are jumping on the "ethics" bandwagon with programs that contain few innovative ideas on how the ethical standards of business can be improved. These programs often concentrate on the "micro" individual behavior, rather than look at the "macro," the context and environment in which organizations interact.
Actually, there is no generally accepted and widely followed statement of fundamental business ethics. Lawyers, doctors, engineers, accountants - all have codes of ethics, but no general statement is considered definitive for all business professions