C. Protecting stakeholders' interests.
While all the options listed are important aspects of business ethics, protecting stakeholders' interests is generally considered the MOST important.
Stakeholders include employees, customers, shareholders, suppliers, and the community at large. Protecting their interests involves ensuring fair treatment, transparency, honesty, and accountability in all business dealings.
Complying with legal and regulatory requirements (Option A) is crucial, but it is often the minimum standard expected by society and does not necessarily encompass all ethical considerations.
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