About Lesson
a. Regulation is the state of being regulated so that people on whom it is binding remain within the boundaries of the law. All that is bound by the law is legal.
b. The laws and regulations are different across different countries and jurisdictions. And, they are usually not sufficient to ensure the ethical behavior of the people on whom it is binding.
c. Ethics are the moral principles that govern people’s behavior or conduct. The ethics go beyond the boundaries of the legal
d. It is thus not necessary that what is legal should also be ethical and what is ethical should be legal as well.
There might be certain acts, which are not legal but may be ethical. Also, there may be others that are not ethical but legal.