orporate governance functions of responsibility, accountability and transparency. The role of the corporate board. Corporate architecture and mechanisms for governance and financial transparency. Understanding transparency mechanisms as instrumental in providing credibility to corporate reporting. Framing business ethics: Corporate responsibility, ethical decision-making. Normative ethical theories: utilitarianism, ethics of duty, rights and justice, virtue ethics, feminist ethics, discourse ethics and post-modermism. Professional independence and professional judgement and the distinction between the terms truth and truthful. Governance role of financial accounting information: impact on economic performance: project selection, information asymmetry. Threat of moral hazard: Agency theory, resource dependence, stakeholder theory. International and cultural dimensions to business ethical behaviour. Recognise business ethics as an element of corporate citizenship and sustainability; appreciating that corporate compliance is a cornerstone for corporate social responsibility. Bushman on corporate transparency, Bentham and Kant on utilitarianism, Lonergan on professional judgement. Roarty on language, Blackburn on truth.