Business ethics: A connection to good corporate governance implementation

Abstract

The main purpose of this study is to discuss business ethics and good corporate governance implementation. Business ethics is the foundation of good corporate governance implementation in a company. The existence of ethics in the company is expected to be a benchmark for measuring moral values, especially policies. It is also expected that the application of good business ethics elevates the implementation of good corporate governance. The establishment of supervisory institutions in public sector organizations is also expected to be the best way to eliminate the ethical violation. Thus, good business practices and the environment in Indonesia can be achieved.

Whistleblowing System: The Effective Solution to Prevent Financial Accounting Fraud?

“…Understanding the relationship between the whistleblowing system and good corporate governance (GCG) is crucial, referring to recent research addressing this topic. (Kesuma et al, 2020) Highlight the critical role of the whistleblowing system in supporting GCG by enabling reports of unethical practices or violations without fear of retaliation, thus helping prevent corruption, collusion, nepotism, and other ethical breaches that compromise corporate integrity. As a vital instrument, this system directly contributes to enhanced GCG, increasing stakeholders' trust in the company.…”

Pengaruh Green Innovation, Environmental Management Accounting Dan Environmental Strategy Terhadap Environmental Performance Dengan Code of Conduct Sebagai Pemoderasi

“…Variabel moderasi yang digunakan dalam penelitian ini adalah code of conduct. Menurut (Kesuma et al, 2020), etika bisnis adalah elemen penting yang diterapkan dalam lingkungan bisnis yang kompetitif, dengan diterapkannya etika bisnis yang baik maka seluruh aktivitas bisnis dapat menghasilkan keuntungan bagi perusahaan, seperti kepercayaan, citra baik dan keberlanjutan suatu perusahaan. Ada 13 poin penting yang diperoleh perusahaan melalui Corporate Code of Conduct ((Andrian & Augustine Sudibyo, 2021), antara lain: Kepatuhan terhadap peraturan perundangundangan, pemberian dan penerimaan hadiah, donasi dan lainnya, transparansi, kepedulian terhadap kesehatan dan keselamatan kerja, pemberian kesempatan yang sama kepada karyawan untuk mendapatkan pekerjaan dan promosi, standar etika dalam berhubungan dengan stakeholder, standar etika jajaran manajemen dan karyawan, sikap profesional, kerahasiaan, hak atas kekayaan intelektual, kewajiban pengamanan harta perusahaan, benturan kepentingan dan kegiatan sosial politik.…”

Ethical Business Implementation of Corporate Governance: Good Corporate Reputation

“…In general, the purpose of business activities is not only to get the maximum profit by doing whatever it takes. A company that operates its business activities with appropriate ethics does not mean that it cannot compete with competitors, it can be considered by its consumers as a company that is committed to good ethics (Kesuma et al, 2020).…”

“…5. Moral Integrity, this principle is basically a requirement internalized by business actors or companies to conduct business activities while maintaining the company's good image (Kesuma et al, 2020).…”