Ethics – Concept of ethics – meaning, Importance and factors influencing ethics code of Ethics-Guidelines for developing code of ethics, Theories of Ethics- Friedman’s Economic theory, Kant’s Deontological theory, Mill & Bentham’s Utilitarianism theory Gandhian Approach in Management and Trusteeship, Importance and relevance of trusteeship principle in Modern Business, Gandhi’s Doctrine of Satya and Ahimsa