Business Ethics in SMEs under the Shelter of Corporate Governance- A Way Forward

Abstract

This paper revolves around three basic concepts that are corporate governance, corporate responsibility and business ethics. These three concepts are correlated and interconnected with each other. These three dimensions of governance may lead to a healthy business environment and can maximize profits when implemented the framework. In addition, this paper also discusses the framework of corporate governance, problems faced by SMEs and the concept of social responsibility. Organizations can fulfil the role of the facilitator when the suggested framework is practiced in the organization.

Keywords: Business Ethics, SMEs, Corporate Governance