Corporate Governance and Business Ethics

When... scandals... occur... in...business,... the...word... “corporate...governance”...becomes... a... keyword...used...by...many....Corporate...governance,...and...mainly...the...questions: “Who...owns...a... corporation?”...and...“Who...and...how...should...a...corporation...be...managed...and...supervised?”...are... discussed....However,...in...this...day...and...age,...on...one...hand,...emphasis...is...on...legal...regulations,... while...on...the...other...hand,...trends...downplay...ethical...problems. In...this...paper,...in...order...to...search...for...a...solution...to...these...problems,...clues...from...“German... business...ethics(Unternehmensethik)are...examined,... and... the... relationship...between... corporate...governance...and...business...ethics...are...correlated....Based...on... this,... this...paper... considers...implications...of...this...relationship.