Title: Business & Legal Ethics

Biography:

Toghrul Ahmadov is a legal and compliance professional with over 17 years of experience in the energy industry. Mr. Ahmadov is Chief Legal Officer of NEQSOL Holding and is in charge of the holding legal, corporate governance, and compliance affairs. Previously, Mr. Ahmadov had a long career with BP, where he held Legal Counsel and Regional Ethics & Compliance Manager positions. In these roles, he was involved in legal counseling, due diligence, stakeholder management, corporate governance, and regulatory compliance. Mr. Ahmadov actively participated in major multinational projects, including TANAP and Shah Deniz Stage 2. Mr. Ahmadov earned his degree from Baku State University in 2005. Additionally, he successfully completed various international courses and training programs.

Abstract

Business ethics are becoming more and more prevalent in today,s business world. What we mean by business ethics is commonly a set of rules and principles that an organization adheres to in its daily interactions with the world. Another way of looking at business ethics is understanding the ethics within an organization, this would include how an organization treats its employees and how employees treat each other within the organization. Business ethics of a particular business can be different, but there are some fundamental principles that modern society expects to see in a business that claims itself as ethical. To most people, businesses are only concerned about making more money. While making money is not wrong in itself, it is the behavior in which some businesses conduct themselves that brings up the issue of ethical behavior. In today’s world business ethics have become one of the cornerstones of being a successful business, attracting consumers and opening up for new opportunities. No doubt, a company that does business with another that is considered unethical is usually considered unethical itself by association. Hence, it is important to have the right processes in place to ensure we are ethical in everything we do.