Authors : Sashya Siddhartha

Volume/Issue : Volume 9 - 2024, Issue 8 - August

Google Scholar : https://tinyurl.com/3j7h3pcr

Scribd : https://tinyurl.com/y372y46a

DOI : https://doi.org/10.38124/ijisrt/IJISRT24AUG1428

Abstract : This essay delves into the intricate dynamics of corruption in the context of businesses navigating regulatory and compliance requirements in new markets. The analysis examines how various ethical theories—relativism, consequentialism, deontology, utilitarianism, Kantianism, shareholder theory, and stakeholder theory—interpret and judge corruption. Through a detailed literature review, the paper explores the deep-rooted cultural, economic, and ethical dimensions of corruption. It also discusses potential solutions to curb corruption, emphasizing the need for stringent legal frameworks, community engagement, and transparent governance. The essay concludes by highlighting the critical role of both shareholders and stakeholders in fostering ethical business practices and ensuring sustainable growth.

Keywords : Corruption, Business Ethics, Regulatory Compliance, Ethical Theories.

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