On a very basic level business ethics are those ethics which are applied in the business. There are both the technical perspectives and moral angles to this concept of business ethics. The main pillars of business ethics are respect, honesty, compassion, responsibility and dependability. Business ethics contains all the rules and regulation and practical practices which encompass the topics of corporate governance, corporate social responsibility, organizational culture and structure. Business ethics mainly deals with the do’s and don’ts that must be carried out in the business environment.