Question

Does ethical governance guarantee organizational viability? Why or why not? Support your position in 200 words or more.

Answer 1

No, ethical governance does not guarantee the organisational viability because ethical governance is focused only at following up organisational ethics and high degree of corporate governance so that businesses can perform according to the organisational ethics and does not commit any kind of fraud and other manipulative practices and they are inclined towards protection of the interest of the stakeholders to company.

There is no guarantee for the viability of business just because there has been an adaptation of the ethical governance as ethical governance will only ensure working of the business according to the best possible organisational standards but it does not guarantee organisational viability rather it focuses upon the protection of the interest of stakeholders and following up with the best possible behaviour so that a high degree of optimisation and responsiveness can be seen in the business regarding the interest of stakeholders.

I DO NOT AGREE with the given statement that ethics are going to make the business viable, as ethics are only related to performance according to a standard manner and it does not guarantee profits always so it is rather focused upon the philosophy of adaptation of best possible standard and performing according to the set of rules so that there should be uniformity in applicability of corporate governance and interest of various stakeholders are protected.