As society develops, people are attaching much importance to managerial ethics. Every business has its own principles of ethics to guide the business behaviour and decision making. Sternberg (as cited in Just business: business ethics in action by Elaine Sternberg,1996) writes "The principles of business ethics are those enjoining the basic values without which business as an activity would be impossible." This essay will discuss the ethics about Smith Bank's positive discrimination policy for female employees in New Zealand and the ethics of implementing this policy as international strategy. It will be divided in two parts. The first section will provide a brief discussion for the ethics of positive discrimination in New Zealand. In particular, the Distributive Justice ethic and the Moral Rights ethic will be considered. The purpose of the first section is to prove that positive discrimination policy to female employees is ethical in New Zealand's organization. In the second section, the ethics of extending the policy into other countries will be examined. By analysing the relationship between ethical policy and the national culture values, it will reasonably come to the judgement that it is not ethical to engage a policy to foreign countries without understanding and respecting their culture values.…