The word 'morally-managed' is a compound formed from 'morally' (from 'moral') and 'managed' (from 'manage'). 'Moral' originates from Latin 'moralis', meaning 'custom' or 'manner', and 'manage' comes from Italian 'maneggiare', meaning 'to handle'.

'Morally' and 'managed' were combined in modern English to form the compound adjective 'morally-managed'.

Initially, the components meant 'in a moral way' and 'handled', and together they now mean 'handled in a moral way'.