What others think
It appears to me that this verse would encourage us to "do what is right in the eyes of everybody". This for me is a difficult passage to embrace b/c coming from a legalistic background I have learned to rebel to those things that are "written rules" of Christianity but not necessarily biblical. In context, it follows an encouragement to not repay evil w/ evil so this verse may be instructing me how to respond to evil and that is to seek wise counsel and do what is right in those you seek counsel from. When I was younger my immaturity caused me to react before I thought and that usually got me in trouble. I've learned to think, ask questions, then proceed w/ love and a genuine desire to seek truth and love those who do evil to me. This is not natural but it is Godly and humbling.