Ethical behavior is legally governed rather volunteered by organizations

incarnate Organizations, in todays cut- throat competition and globalized economy atomic number 18 forced to focus to improve their bottom line. Corporate governance or ethical practices are limited to a level which is mandatory as per laws. Genuine commitment to ethics is like a needle in haystack. There are various elements to ethical behavior expected from the organizations bill transparency Enron and Worldcom are glaring examples where ethics were compromised to maintain profitable hear of the organization.Accounting firm Arthur Andersons creative accounting and ulterior motives of management spirited investors confidence to the nadir, resulting in bankruptcy/ closure of all trey organizations. Leading by example As per data, US CEOs were paid 42 times the average workers pay in 1980, to 85 in 1990, and thus skyrocketed to 531 times by 2000. Leadership teams of organizations are paid everything to show thinking(a) growth in turnover and profits, for shareholder to be exit ed at simple eye markets.No CEO is paid to exemplify ethical leadership at paries Street. Child labor Many corporate, primarily in apparel segment, overleap the extreme levels of child exploitation in third world countries. In absence of strict law or policy, child labor is other big area which is not effectively monitored and contained. Summary Though put in (U. S. Securities and Exchange Commission) try to put accounting and auditing system, Corporate Ethics keep an Oxymoron.Ethics, like democracy, is a lot easier in theory than in practice. It would be imperative on regulatory bodies and responsible corporations to take lead in showing value in becoming ethical organization. Moreover, shareholders also should give back organization which exhibit transparency and good quality corporate governance. References Munzig P G, Enron and sparings of Corporate presidential term Stanford University, (June 2003), (http//www-econ. stanford.edu/academics/honors_theses/theses_2003/Munz ig. pdf) Holmstrom, Bengt and Steven N. Kaplan, The State of US Corporate Governance Whats right and Whats wrong? National Bureau of Economic Research Working paper 9613, (2003) Jense, Michael and Kevin Murphy, 1990, Performance Pay and Top vigilance Incentives, Journal of Political Economy, (1990) September/October 1996 edition of At Work emailprotected com, byBerrett-Koehler Publishers. Jon Entine is a writer and Emmy