Overview
Business ethics encompasses the moral principles and values that guide decision-making in the corporate world. It involves considering the impact of business actions on stakeholders, including employees, customers, investors, and the environment. The concept of business ethics has evolved over time, with notable milestones including the establishment of the Federal Trade Commission (FTC) in 1915 and the passage of the Sarbanes-Oxley Act in 2002. Today, companies like Patagonia and REI are leading the way in prioritizing environmental sustainability and social responsibility. However, controversies surrounding corporate accountability and executive compensation continue to spark debate. As the global business landscape continues to shift, the importance of business ethics in maintaining public trust and promoting long-term success will only continue to grow, with key figures like Shoshana Zuboff and Milton Friedman influencing the conversation.