The irish plastering corporation recently instituted a corporate ethics code. the president of the company, seamus mchale, realized that ethical relationships are based

fairness and honesty

Explanation:

Ethical relationships are relationships between individuals that are based on the trust that one person has to another person, and vice versa. The basic pillar of trust is honesty, if any of the people involved are dishonest, it cannot be a trust based relationship. In order for a trust based relationship to be ethical, it must also be fair. For example, slave owners had honest relationships with their slaves, but since the relationship was completely unfair and totally biased against the slaves, it wasn't an ethical relationship and therefore it was wrong.

In a company, an ethical relationship must be both honest and fair, so that abuses don't happen and the relationship can be positive for everyone.

answer; situational irony;