Why might legal rules be insufficient for fulfilling one's ethical responsibilities? Research current events to identify and briefly describe a case in which a business person has done something legally right, but ethically wrong. Also, identify and describe a situation in which a business person might have acted in a way that was legally wrong but ethically right.

Legal norms and ethical norms are not same and sometimes not agreeable also. Some ethical norms may be wrong legally but some legal norms may be wrong ethically.

Explanation:

The law is set of rules that guide our conduct in society and enforceable through public agencies. For business environment, law provides important guide to make ethical decision making. But sometimes the norms which are ethically right are illegal and sometimes legal norms are unethical.

The example of cases which are ethically right but legally wrong are cheating in taxes or driving over the speed limit or spitting by the road side. The example of cases which are ethically wrong but legal right are falsifying financials, misleading markets and many more.