Date of Publication :15th April 2024

Abstract: Ethics touch our social and work life in more than one way. We feel happy, satisfied, motivated and fulfilled when we are treated ethically, but unhappy, frustrated and broken down when treated otherwise. The necessity to take ethical decisions in life and corporate sector is highly important for economy. But there are many challenges and barriers that employees have to face at workplace. This research paper aims to bridge the gap between policy and practice by identifying challenges and barriers that foster ethical decision making. The findings reveal significant challenges, including whistleblowing, fear of counter attack, hierarchical corporate culture, and a lack of trust in reporting mechanisms. Additionally, structural challenges such as weak regulatory enforcement, ineffective board oversight, and inadequate whistle blower protection policies further discourage ethical disclosures, leading to governance failures. It proposes the need for stronger legal protections, ethical leadership, and a cultural shift towards accountability and transparency to foster an environment where ethical decision-making encouraged. Through a mixed methods approach, including survey analysis and case studies, this research examines how these barriers and challenges affect corporate integrity and accountability. And what are the other reforms and initiatives to enhance the framework of corporate governance.

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