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Ethics and Governance are and always have been, highly intertwined. As the famous philosopher and social thinker, JJ Rousseau stated, “Those who treat Politics and Morality separately will never understand either of them.”
A good leader is one who makes ethical decisions. Although ethics has no proper objective definition and meaning, it doesn’t mean it can never be learned and understood. One must be farsighted enough to see how long a doctrine, a belief, and norms can last. And on that basis makes up his mind. Only then one can become an excellent ethical leader.
Decisions of a government are so impactful that they can alter the lives of millions or billions. Therefore, decision-makers must make decisions that are ethically correct and morally compatible.
Meaning of Ethics and Governance
Ethics:
The idea of Ethics is not a new one. From the time of Plato and Aristotle, the subject has been the center of debates of political thoughts and thinkers. However, at no time in history, it was possible to carve out an objective definition of ethics. It has constantly been changing with time and space, and even from person to person.
From the beginning of civilization until the end of medieval times, killing to avenge the murder of kin has been treated as a right of the primary victim. But in modern-day democracies, this idea is entirely non-ethical and, to a large extent, non-acceptable.
Therefore, the only way to understand the meaning of ethics is to observe the evolution and changes occurring in and around society. And this kind of observational skill is a pre-requisite for becoming a good leader.
Governance:
Governance is, in its most precise meaning, the way of ruling. Every region, since the commencement of civilization, has a ruler, either selected or elected or hereditarily chosen. And governance is the kind of rule a ruler does.
In today’s world, Democracy is praised as the best form of governance, providing a platform and chance for a nation’s lower and middle classes to participate in nation-building. It is based on the idea that people’s participation is the essence of good governance.
However, not in every moment of history has the idea of Democracy been supported. Thinkers like Socrates, Plato, and Aristotle opposed such a form of governance. Plato had equated it with Tyranny and a forbearer of Dictatorship. Many ancient philosophers supported the idea of limited government, where centralization is more than democracy.
The importance of governance is not limited to the political sphere; instead, it is prevalent, both explicitly and implicitly, in almost all the spheres of professionalism, like corporate, finance, military, banking, and so on. The article below discusses the importance of governance and ethics in the corporate sector.
Ethics, Governance, and The Corporates
The companies, firms, businesses, and other related bodies from the corporate sector. There they perform various market-related functions like production, promotion, advertisement, and consumption through which a country’s economy grows and sustains longevity.
Usually, we think that corporates are entirely profit-oriented and have no principles and ethics in their functioning. However, this kind of thinking applies only to a handful of companies. Large enterprises like Meta, Google, and Microsoft have some principles, morals, and codes that they follow, although they remain profit-oriented and opportunistic.
The foundation of a corporate is not money but trust. Investors invest not only money but time and trust also. They trusted that the enterprise would grow at a higher rate and have a bright future, and then they would get their principal amount back along with profit/interest.
If the enterprise is wholly profit-oriented, it will never give these investors their share. Such incidents can be seen in the news now and then, where numerous fraud firms first attract these unsuspecting investors by offering high returns and then suddenly leave the market, leaving the investors in despair.
Such enterprises do not have a long-lasting future as nobody will invest in them. Only those enterprises remain in the market, with strong backing from investors and customers. Hence, it is a mandatory requirement to have strong ethical and moral standards for a business to navigate through the market.
BUSM3115-Ethics and Governance
BUSM3115 is the course for studying the criticality and necessity of ethics in corporate governance. The Royal Melbourn Institute of Technology (RMIT), Australia, offers the course. Students are taught about various topics and subjects here, like:
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Ethics and Business.
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Ethics and the laws.
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Moral, amoral, and immoral management.
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Normative Ethics like Kantianism, Justice, and Virtue.
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Moral Awareness.
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Moral Development.
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Corporate Social Responsibility.
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Views of thinkers like Milton Friedman, Schwartz, and Carroll.
Ethics and Governance Assignments
The topics of BUSM3115 are highly thought-provoking, and the homework associated with them is also of similar nature. The RMIT assigns numerous assignments to students of ethics and governance. These assignments help the institute analyze a student’s knowledge of understanding regarding the subject matter.
These assignments are utilized even in the formation of final results. Here they hold up to 50%-60% weightage. Therefore, it would not be a deliberate step to give up on them and ignore them.
Problems with Ethics and Governance Assignments
These assignments often become hectic and perplexing because of their nature and the associated circumstances. Various difficulties need to be overcome while writing ethics and governance assignments. Some of these problems are:
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Lack of Insight: The assignments of ethics and governance demand farsightedness. Many students, especially the new ones, lack such mentality and vision. Therefore, it becomes a challenge for them to write an effective assignment.
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Resource Limitations: Ethics and Governance assignments require extensive research and comprehension, for which a large pool of resources is mandatory. However, all students are not so lucky to have such sources at their disposal.
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Time-limitation: The assignments and homework for BUSM3115 are time-limitation oriented. Their completion has to take place within the defined deadline. But some students find it difficult to manage time in their studies and other spheres of life like social and physical activities.
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Writing Skills: Assignment writing demands fluency in writing and expression. One has to be a master of grammar while writing assignments. No spelling or grammatical errors are acceptable in Ethics and Governance assignment writing.
Besides that, students also face intense mental pressure while doing their assignment work. They often struggle with anxiety and depression to write the best possible assignment. All these problems made them search for assignment writing help.
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