Ethical behavior is legally governed rather volunteered by organizations

collective Organizations, in todays cut- throat competition and globalized deliverance are forced to focus to improve their bottom line. Corporate memorial tablet or ethical practices are limited to a level which is needful as per laws. Genuine commitment to ethics is like a chivy in haystack. There are various elements to ethical behavior expect from the organizations Accounting transparency Enron and Worldcom are glaring examples where ethics were compromised to maintain economic image of the organization.Accounting firm Arthur Andersons creative accounting and ulterior motives of caution crippled investors confidence to the nadir, resulting in bankruptcy/ closure of all three organizations. Leading by example As per data, US CEOs were paying(a) 42 times the average workers pay in 1980, to 85 in 1990, and then skyrocketed to 531 times by 2000. Leadership teams of organizations are paid everything to bespeak healthy growth in turnover and profits, for shareholder to be exi ted at stock markets.No CEO is paid to exemplify ethical enticeership at Wall Street. Child get the picture Many merged, primarily in snip segment, overlook the extreme levels of child exploitation in third creative activity countries. In absence of strict law or policy, child labor is another big area which is not effectively monitored and contained. Summary though state (U. S. Securities and Exchange Commission) try to put accounting and auditing system, Corporate morality remain an Oxymoron.Ethics, like democracy, is a lot easier in theory than in practice. It would be imperative on regulatory bodies and responsible corporations to take lead in showing value in becoming ethical organization. Moreover, shareholders withal should reward organization which exhibit transparency and good quality corporate governance. References Munzig P G, Enron and Economics of Corporate Governance Stanford University, (June 2003), (http//www-econ. stanford.edu/academics/honors_theses/theses_2 003/Munzig. pdf) Holmstrom, Bengt and Steven N. Kaplan, The State of US Corporate Governance Whats right and Whats wrong? National bureau of Economic Research accomplishmenting paper 9613, (2003) Jense, Michael and Kevin Murphy, 1990, Performance Pay and illuminate Management Incentives, Journal of Political Economy, (1990) September/October 1996 edition of At Work email&160protected com, byBerrett-Koehler Publishers. Jon Entine is a writer and Emmy