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Ethical Principles in Business

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List two (2) "ethical" principles in business that are quite clearly not part of the legal system and explain why these principles should or should not be made into law.

Note: Country I am from is Australia.

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Two paragraphs address ethical principles in Australia.

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Two key ethical principles that every organization must follow and that are not part of the legal system in Australia can be (i) sincerity, and (ii) professionalism. Because there is no formal definition of sincerity, it is hard to see how this basic ethical principle can be formulated into any law. Sincerity is honesty, integrity and keeping the promise. A business firm that follows the principle of maintaining sincerity towards its customers, while it may ...

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