Princy
asked
Write a note on CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law?
nayana madwani
answered
The learning outcomes in the paper reflect the legal framework for business and provide the underpinning for commercial activity. It includes the areas of contract law, employment law, financing, administration and management of companies. The globalisation of business is recongnised by the inclusion of alternative legal systems, as well as the English legal system. Judicial precedent is included in relation to professional negligence
Wherever business is conducted, the highest professional standards must be demonstrated for the benefit of all stakeholders. With this in mind, the place of ethics and ethical conflict is considered, as well as the role of corporate governance and its increasing impact in the management of organisations
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