Running head: LAW AND ETHICS IN ORGANIZATIONS
1
Law and Ethics in Organizations
Student Name
Institution Name
, LAW AND ETHICS IN ORGANIZATIONS
2
Law and Ethics in Organizations
Introduction
The legal concepts that surround a company or any business enterprise are simply known
as corporate laws (Monks & Minow, 2012). Particularly, corporate laws are defined as the
framework of law that appeals for the rights, correlation, behaviours of persons, companies, and
businesses. In addition, the laws study the relationships between companies and their subjects.
These subjects include consumers, directors, shareholders, the community, investors, and the
surroundings. Above that, corporate law is a subsection of civil law and handles all matters
attached to the public and private law.
On the other hand, ethical issues that surround a company are regulated by corporate
ethics (Wight, 2015). Precisely, business ethics are the formulated guidelines that regulate the
actions and characteristics of a person in an organization. Basically, these laws emerge from
organizational remarks, individuals, or the legal system. Therefore, to clearly understand the
legal and ethical issues in organizations, this article will be focusing on a company known as
Wal-Mart where it will be evaluating its surroundings in regard to these two issues.
A Brief Introduction to Wal-Mart Company
Wal-Mart is an American based company that holds its operations through three major
forms, namely, as a hypermarket, discount stores, and grocery warehouses (Roberts & Berg,
2012). The company was established in 1962 and it has clubs and stores distributed across the
globe. Moreover, the company is the biggest private employer and revenue generator in the
universe and therefore it occupies a large market share. Apparently, the company has been
1
Law and Ethics in Organizations
Student Name
Institution Name
, LAW AND ETHICS IN ORGANIZATIONS
2
Law and Ethics in Organizations
Introduction
The legal concepts that surround a company or any business enterprise are simply known
as corporate laws (Monks & Minow, 2012). Particularly, corporate laws are defined as the
framework of law that appeals for the rights, correlation, behaviours of persons, companies, and
businesses. In addition, the laws study the relationships between companies and their subjects.
These subjects include consumers, directors, shareholders, the community, investors, and the
surroundings. Above that, corporate law is a subsection of civil law and handles all matters
attached to the public and private law.
On the other hand, ethical issues that surround a company are regulated by corporate
ethics (Wight, 2015). Precisely, business ethics are the formulated guidelines that regulate the
actions and characteristics of a person in an organization. Basically, these laws emerge from
organizational remarks, individuals, or the legal system. Therefore, to clearly understand the
legal and ethical issues in organizations, this article will be focusing on a company known as
Wal-Mart where it will be evaluating its surroundings in regard to these two issues.
A Brief Introduction to Wal-Mart Company
Wal-Mart is an American based company that holds its operations through three major
forms, namely, as a hypermarket, discount stores, and grocery warehouses (Roberts & Berg,
2012). The company was established in 1962 and it has clubs and stores distributed across the
globe. Moreover, the company is the biggest private employer and revenue generator in the
universe and therefore it occupies a large market share. Apparently, the company has been
