Which statement best defines 'ethical responsibility'?

The statement that best defines 'ethical responsibility' is the one that emphasizes a company's commitment to not violate principles of right and wrong. Ethical responsibility goes beyond simply adhering to laws and regulations; it involves a deeper moral obligation to act justly and fairly in all business dealings. This includes considering the impact of decisions on all stakeholders, including employees, customers, suppliers, and the community.

While obligations to shareholders, disclosure of financial information, and adherence to market rules are important aspects of corporate governance and transparency, they do not fully encompass the broader moral and ethical considerations that define ethical responsibility. Ethical behavior is rooted in values and principles that guide how a company conducts itself beyond mere compliance with legal standards. Thus, the focus on not violating principles of right and wrong captures the essence of what it means for a company to operate ethically in today's business environment.