t is documented that ethics and code of practice are particularly important aspects in partnership firm whereby erring partners face disciplinary action at the institution and compelled to compensate...

t is documented that ethics and code of practice are particularly important aspects in partnership firm whereby erring partners face disciplinary action at the institution and compelled to compensate the other partner(s) and the firm by forfeiting certain benefits. However, most of successful corporations are evolved from sole proprietorship. To what extent do you agree with this statement.