Ethical and legal aspects of business and management

Morality, ethics, religion, and, last but not least, law, are the best-known and most important normative systems, which rules determine the behaviour of members of society. These normative systems have a common basis, but their historical development was affected by different events, and therefore there are conflicts between standards of various normative systems. This complicates the regulation of social relations, despite the fact that, in general, these normative systems have a common goal -- to ensure equality, freedom and justice to all members of the society. For the purpose of this work the regulation of social relations is defined as moral regulation, legitimation and motivation of business. The objective of this regulation is business and professional behaviour, which is also governed by the rule of law and ethics. In this context, we study the reflection of ethical standards in law, both in the legislative process, and in the law application process. This thesis investigates the mapping and subsequent analysis of moral principles, ethical rules and legal standards governing business relationships and process of management in different geographical areas with various historical roots, especially in Europe, Russia and Southeast Asia. The real impact of the adoption of ethical codes on the subject's behaviour has been assessed, suggesting the effectiveness of its application as a tool of management.