‘Business ethics as an area of study is the study of business decisions, actions and consequences from a moral perspective’ (Alexander et al., 2017, p. 201).
Business ethics as an area of practice involves evaluating alternative economic actions from a moral perspective as well as from the usual strategic, commercial, financial and legal perspectives (Boatright, 2009, pp. 5-6).
(A) Explain the main difference between the business ethics as a practice of senior managers and directors in relation to their corporate governance responsibilities, and business ethics of senior managers and directors in respect of corporate social responsibility. In your answer, please refer to Carroll’s (1991) model of four types of corporate responsibility.
(B) Explain how possible conflicts between these two types of ethical obligations of senior managers and directors can cause them challenges.
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