Ethical behavior is of utmost importance for any business, as it sets the standard of what is and is not acceptable practice. Unethical behavior can have serious consequences on a company’s reputation and success, even if those behaviors are not illegal.

Poor management practices such as hiring only family or providing inappropriate incentives to employees can effectively sap the morale from a staff, making it difficult to maintain a successful career path.

Similarly, engaging in illegal activities exposes a company to costly fines that can easily derail their fiscal progress. An example of this is the case of HSBC which was fined 1.92 billion dollars after federal authorities determined their violation of money-laundering laws and sanctions rules.

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