Institute for Business Ethics The Institute for Business Ethics is focused on research and instruction concerning corporate responsibility. Founded in 1989, the institute has been led and shaped by Prof. Peter Ulrich for the past 20 years. In February 2011, Prof. Thomas Beschorner and Prof. Florian Wettstein became the new directors of the institute. The Institute for Business Ethics examines business and economic systems as well as analysing morality, justice and responsibility issues from various perspectives. The goal is to connect normative reasoning and practical application, ideal and real communicative action as well as theories with everyday business practices.