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“Ethics is just one of those things that corporations need to consider when making business decisions. Whilst there are many aspects to consider when analysing and understanding the intersection between what is legal and what is ethical or moral, an overriding consideration for any corporation must be the level of profits they are making and the impact they are having on key stakeholders. In the majority of cases these stakeholders are usually shareholders. They have expectations regarding governance and accountability. If these expectations are not met, then leadership has failed”

Consider the above quote and critically evaluate its key messages. Your critical analyses should include the following:

• The role of ethics in the business decision-making processes
• The relative positioning between what is legal and what is ethical in decision-making
• The apparent conflict between making profit and acting ethically
• The challenges of stakeholder requirements including who these stakeholders are and the impact they have on how corporations may act
• How governance frameworks impact ethical decision making, and
• How leadership success or failure may be determined in the context of ethical decision-making

You must provide a conclusion which outlines your views regarding the above quote and your arguments provided in the body of your report that support this conclusion.