BUSINESS ETHICS: A PANACEA FOR REDUCING CORRUPTION AND ENHANCING NATIONAL DEVELOPMENT

Abstract

In recent times there are scandals of unethical behaviours, corrupt practices, lack of accountability and transparency amongst public officials, political office holders, business managers and employees in the country. Therefore, there is an urgent need for public sector institutions to strengthen the ethics of their profession, integrity, honesty, transparency, confidentiality, and accountability in the public service. The paper further attempt to discuss the need for business ethics and some practices and behaviours which undermined the ethical behaviours of public official with strong emphasis on corruptions causes and preventions, conflicts of interest, consequences of unethical behaviour and  resources management. The paper also outlined some measures on how to combat the evil called corruption in public service and business organizations. It is concluded that if all measures are taken into consideration the National Development may be achieved.

Keywords: Ethics, unethical, transparency, accountability, corruption.