“Ethical Governance” is a relatively new term that is used to describe the performance issues in management and policy making in business, government, politics, International relations, health care, etc.The principles of Ethical Governance, however, are not new.Ethical Governance is, in short, anti-corruption whereas authority and its institutions are accountable, effective and efficient, participatory, transparent, responsive, consensus-oriented, and equitable.n view of a growing string of failures of dubious business ethics, world's business leaders have woken to the necessity of ethical leadership. Nevertheless, ethical leadership is not merely a necessity, it is now an opportunity-a source of competitive advantage for companies and a tool with which to add business value.