Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

ethical decision making

Ethical decision making helps people make difficult choices when faced with an ethical dilemma, a situation in which there is no clear right or wrong answer. For example, would it be right for a CEO to keep a contractual bonus when the business is making lower-paid colleagues redundant?

Ethical decision making typically examines three perspectives: the ethic of obedience; the ethic of care; and the ethic of reason. The ethic of obedience looks not only at the letter of the law, but also the...