"Business Ethics defines organisations character and its brand image for which it requires the help of corporate governance".
Governance go well beyond conformance and compliance and lead way to progress.Thus a horizon is reached a horizon called excellence and must logically lead to business sustainability.
The following equations can be posited:
Effectiveness ∞ Good Governance.
2. E (b+m) +G∞ CSR
CSR is the manifestation of business and managerial ethics of corporate entity and its executives and embodies the ethical relation between business and society through reflecting good governance.
3.E (b+m) +G+ CSR∞X
Ethics (Business Managerial) +Good Governance+CSR∞ Organisational Excellence.
4. X∞ E4
Organisational Excellence =Ethics x Equtiy x Egalitarnism x Effectiveness.
Excellence cannot end in itself unless translated to business sustainability.
"If you build that foundation, both the moral and the ethical foundation, as well as the business foundation, and the experience foundation, then the building won't crumble"