Companies or business entities can take any of this four possible ethical stance.
These are consistent with the differing views of corporate governance.
The four ethical stances are to focus on:
a. Maximising short-term shareholders interest (the ‘least ethical’ of the four stances).
b. Maximising long-term shareholders interest.
c. Multiple stakeholders obligations: recognising obligations to different stakeholders groups.
d. Being a shaper of society.
Therefore, a wise decision on ethical stances will make a company or organisation a responsible entity.
