Corporate ethics refers to the principles and standards that guide the behavior of individuals and organizations in the business world. It involves making decisions that are not only legally compliant but also morally sound, ensuring fairness, transparency, and accountability in all business practices. Companies often establish codes of conduct to outline their ethical expectations and promote a culture of integrity among employees. These ethical guidelines help businesses navigate complex situations, such as conflicts of interest, discrimination, and environmental responsibility. By adhering to corporate ethics, organizations can build trust with stakeholders, including customers, employees, and investors, ultimately contributing to long-term success and sustainability in the marketplace.