How do ethics relate to risk management? - ProProfs Discuss
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How do ethics relate to risk management?

Asked by Greg.eppes, Last updated: Aug 05, 2021

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greg.eppes

greg.eppes

greg.eppes
Greg.eppes

Answered Sep 15, 2017

The best form of risk management is adherence to business ethics.

The best form of risk management is adherence to business ethics. Every breach of business ethics represents a potential risk for businesses. The best thing businesses can do to overcome most risks is to do the right thingpractice business ethics. Risk management includes the ethical treatment of customers as well as a variety of other factors. Insurance is one way to overcome business risks; however, risk management is much more than insurance.
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