In other words, business ethics determine the extent to which a company has been operating with a good moral. Corporate Governance. On the other hand, corporate governance refers to an organized system of rules, regulations, principles, values, processes and procedures that are used to direct and control a company. #N#A Meeting of the Minds: How do Companies … These cases are available free to registered educators at Click on a case title below to access its record. Renginee Pillay uses Mauritius as a case-study, demonstrating how CSR and corporate governance issues have come to the fore of political, financial and legal landscapes.