Speakers emphasize the importance of conducting business in accordance with ethical standard

News Desk :
Although most people agree that profit is the main reason for setting up a business, there are different opinions about the process, amount and rate of profit in business.
Speakers said these in a seminar titled “Importance of Business Ethics: Perspective Bangladesh,” held on Sunday, June 11, 2023, at the seminar hall of Ahsanullah University of Science and Technology (AUST) in the capital. The seminar was jointly organized by Ethics Education for Sustainable Development (E2SD) and the School of Business, AUST. They further noted that there are instances of profit manipulation that deviate from ethical standards. Examples include practices such as giving less weight, food adulteration, selling rotten or expired food, and mixing harmful chemicals in fruits and vegetables. These unethical profit-seeking activities have had a significant negative impact on people’s lives.

The speakers emphasized the importance of conducting business in accordance with ethical standards. They stressed that business management should not only focus on individual gains but also consider the welfare of the public. If business organizations’ managers operate with these considerations in mind, the entire nation will benefit, ensuring sustainable development. Similarly, the workforce, inspired by ethical standards, will strive to adhere to them, avoiding the problems caused by unethical business practices.

SWAN Group Chairman Khabeer Uddin Khan graced the event as the chief guest, while DAM President Kazi Rafiqul Alam presided over the seminar. The keynote paper was presented by Melita Mehjabeen, Professor of IBA at the University of Dhaka. The Vice-Chancellor of Ahsanullah University, Prof. Dr. Muhammad Fazli Ilahi, delivered the welcome speech. Kazi Ali Reza, CEO of E2SD, facilitated the seminar. Distinguished guests from various professions, including the country’s top businessmen, and experts such as Nurunnabi Khan, an expert in ILO Labor Standards, Dr. Jahangir Sultan, Gibbons Professor of Finance at Bentley University, USA, and Mohammed Lakiotullah, Vice-Chairman of Hajj Finance Company Ltd., were also present.

Furthermore, more than 150 final-year students and faculty members of Ahsanullah University of Science and Technology actively participated in the seminar.
It is worth noting that E2SD of Dhaka Ahsania Mission and the North American Islamic Community (NABIC) are jointly working towards establishing a peaceful society by promoting ethics and values.