The paper reviews characteristic of three principle mechanisms regulating ethical behavior in business. Concerning the First, viz. the socialization mechanism, it emphasizes that judging the ethical code of business from a decision-making point of view, one has to consider what morals and norms of behave are on the inside. The second type of regulation of ethic behavior refers to the legal-administrative mechanism. On the background of American examples, the text points out some rules and domains of adjusting the competition, also industrial and social regulations. The third type of controlling mechanism deals with the illegitimate, yet already institutionalized realizations of the ethic codex. Considering that sorts of the regulato...