Monday, 14 June 2021

Ethics In International Relations and Corporate Governance

Class 21

Ethics in International Relations

International Relations refer to the interaction of countries with other countries in strategic, economic, political, social and other spheres.

Ethics – Guide for good and bad

Ethics in International Relations –

Good and bad in a nation’s interaction with other nations in strategic, social, economic, political and other spheres

Test For Ethics In International Relations –

All three principles should be followed.

Trade of Slaves from Africa.

The assassination of Bin Laden by the USA

1. War

Ethical War –

To protect one’s sovereignty

To protect one’s resources

Any other possible crisis

Unethical War –

For resources of other country

To interfere in internal affairs of another country

To undermine the sovereignty of another country

 War should be last option (India – Pakistan Context)

2. International Funding (China – Nepal, Africa)

3. International Investments (Tax law, interference in governance – Amazon, Facebook, Twitter etc.)

Corporate – Wherein the ownership and management are separate. (Money raised from public)

Corporate Governance –

Set of all methods and processes that steer a business corporation towards a specific direction in such a way that the interest of all stakeholders in general and shareholders in particular are not compromised by the management.

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