...Investment Banking Ethical Behavior Would you entrust your money to someone you thought was unethical? Would you risk heavy fines and possible jail time for skimming funds from a client? People who work in finance are placed in a fiduciary position of trust; first, by their employers, but more importantly, by members of the general public, over whose assets they are given control. Their daily business is directly working with other people's money, or doing other things that affect the public's investment decisions, and if they are unethical people, their clients, and the public, are at high risk for being cheated. Finance workers are entitled to reasonable fees for their services, but they are not entitled to engage in investment activity solely to generate more commissions for self, or engage in any other self-dealing while they are doing their jobs on behalf of their clients. Given the many scandals of recent years, many companies have done their best to publicize their codes of ethics, and to acknowledge their responsibility to the public. These firms know that public confidence in their finance people matters a great deal, and unethical behavior on the part of a firm means that people will stay away from that firm, and they may stay away from all the others as well. That is why ethics are not merely relevant. On the contrary, they're vital to the existence of the industry. Good ethical behavior is not an optional. While researching the ethical behavior of the top...
Words: 1184 - Pages: 5
...Article Review on “Ethical Investment Processes and Outcomes” The paper studies the motives and actions of individual and institutional investors, discusses the various mechanisms associated with ethical investment, and assesses the impact of ethical investment on the behavior of the organization. This paper highlights the key themes in the field and identifies some of the major theoretical and practical challenges facing both scholars and practitioners. Ethical investment has emerged in recent years as a fashionable and increasingly popular topic in the financial services industry. Objectives • To highlight the key themes in the research literature. • To evaluate the outcomes of ethical investment for special interest groups. • To discuss the various processes or mechanisms associated with ethical investment. • To assess the impact of ethical investment on the behavior of the organization. Processes Process of socially responsible investing includes the development of mechanisms which inform actual and potential investors about the involvement of organizations in activities which are seen either as of concern or are attractive in ethical terms. There are two major ways of establishing whether an investment is ethical. The first is to apply a negative screen (a "never if" case) whereby certain businesses are avoided, presumably because they are injurious to human health. The second way is to apply a positive screen (an "only if" case) to those firms that remain possible...
Words: 335 - Pages: 2
...What are the ethical considerations in this case? After reading the case, it is clear that the company is facing lots of issues in upholding very basic codes of ethics. Foremost of all, it appears that the company policies are not well implemented across all levels and human resource department does not function properly in recruiting the right candidates for the organization.An organization should ensure that “the right employees with the right skills in the right places at the right time.” (Mello. J, 1998) Phelan Carter is promoted to a treasurer only because he has been the former assistant treasurer and therefore this position needs to be filled. But he moves up the organizational ladder with the wrong ethics of handling the organizational businesses. The purpose of the code of ethics for the company is to guide its staff when carrying out their duties and responsibilities when confronting such ethical issues. Failure of the now appointed treasurer to realize the necessity to practice justice and prudence is a failure of its human resource department. He lacks the cardinal virtue plus perpetual and constant will to give others whatever is due them. Using the preceding principles of prudence and justice as a guide, the following code of conduct, the company failed to protect, preserve and uphold intact investment, cash or other assets placed in trust with their treasurers on their clients behalf. Who are the stakeholders that are harmed or benefited in this situation...
Words: 393 - Pages: 2
...Code of Ethics Teresa Sieck ETH/ 316 July 2, 2012 Ed McCullough Code of Ethics A code of ethics is a collection of principles practiced and followed by management of businesses and corporations around the world (Spiro, 2010). A businesses code of ethics works with a company’s mission statement and policies of conduct that gives employees, partners, venders, and outsiders an understanding of what the company stands for and believes in (Boylan, 2009). It should address the differences or variations in both company’s industry and its broader goals for social responsibility (How to create a company code of ethics, 2012). It should be strong enough to serve as a guide for employees with questions to resolve issues on their own if needed (Trevino & Nelson, 2007). Wal-Mart is one of the largest corporations in the United States. As one of the largest corporations the company has a social responsibility to their employees, customers, and the community. The code of ethics works with and around these principals. Wal-Mart has three basic principles, 1) respect for the individual, 2) service to the customer, and 3) striving for excellence (What is Wal-Mart’s Code of ethics, 2011). The following is an example of what a code of ethics could be and what values a business may have. Vision Statement: People are assets not possessions; employees, customers, and communities should be treated with fairness, respect, honesty and integrity. The corporation’s global vision is to...
Words: 1066 - Pages: 5
...Ethical Leadership is leading by knowing and doing what is right. The problem with ethical leadership is that it is difficult to define right. Ethical leadership is divided into two parts. The leader must act and make decisions ethically, and second, the leader must also lead ethically in their attitudes and interactions. Ethics - is central to leadership because of: * The process of influence * The need to engage followers to accomplish mutual goals * The impact leaders have on establishing the organization’s values However some of few characteristic of Ethical leadership as: 1. To knowing and doing what is right. 2. Ethical leaders distinguish themselves by doing that which is inconvenient, unpopular, and even temporarily unprofitable in the service of long-term health and value. 3. Ethical leaders also consider other solutions that may require an investment but generate more value over the long term. 4. Ethical leaders extend trust to their workers, creating the conditions necessary to empower employees, suppliers, and even customers to take the risks necessary to create game-changing innovations. 5. Ethical leadership is a renewable human resource and, for this reason, represents one of the most efficient and practical assets an organization can put to use. The Major principles of Ethical Leadership as: 1. Respect others: Leader shall treat other people’s values and decisions with respect, allow others to be themselves with creative wants...
Words: 450 - Pages: 2
...Que 1: Benefits of Accountant in the company: • Helps to keep Records Updated An Accountant can help the company to keep the records updated by keeping track on each and every transaction placed during a particular accounting period. And can also enhance the performance of the company by monitoring and reviewing the accuracy and the completeness of records of accounting and its related systems. An accountant can also maintain records of all employees of the company by keeping track on their performance and also can focus on timely processing of weekly and monthly payroll of the employees. An accountant can also keep the records updated by compiling and analyzing the information related to financial activities of the company to prepare entries to the accounts, such as general ledger accounts, document business transactions. Due to the proper updating of the records systematically by the accountant the company will be able to provide the financial information of the company to its internal and external sources whenever needed without any disputes or errors . • Paid taxes on time An Accountant can help the company by paying taxes on time. There will be no need to calculate taxes separately as it will be calculated by the accountant which will in turn save the time and hence can be used in some effective and efficient manner. Apart from this he can also provide much relevant information related to taxes like : • Amount to put aside per month for tax bills •...
Words: 5754 - Pages: 24
...Ethics are the principles that dictate an individual or group of individual’s actions. ("Ethics," 2013) This simple concept of differentiating between right and wrong explains the motivation of every individual who has ever lived. Their ethics guide them through the decisions they make in a lifetime. In this assignment I will attempt to recommend an ethical decision that is presented to a recent top graduate from Liberty University named Benji. From our reading we learn that Benji is invited to attend an event at the New Gen Health Services headquarters. We are told that Benji accepts this all inclusive invitation and decides the opportunity is worth the trip. While awaiting his flight to Seattle Benji takes the opportunity to learn a little about the company that is attempting to recruit him. Once he begins his search Benji learns of some of the good things that the company does. He finds that New Gen sends researchers around the world in an attempt to find new beneficial health services. This action seems to be reinforced with another article that interviews the CEO who professes his mission of creating a healthier America and touting the companies leading ethics code. Having found these articles as well as many supporting the financial wellness of company Benji seems to have found a great company to work for. As it is with many situations things that appear too good to be true usually are. With continued researched Benji begins to find articles that paint a different picture...
Words: 1628 - Pages: 7
...Management School, University of Sheffield, UK ABSTRACT The ‘attitude–behaviour gap’ or ‘values–action gap’ is where 30% of consumers report that they are very concerned about environmental issues but they are struggling to translate this into purchases. For example, the market share for ethical foods remains at 5 per cent of sales. This paper investigates the purchasing process for green consumers in relation to consumer technology products in the UK. Data were collected from 81 self-declared green consumers through in depth interviews on recent purchases of technology products. A green consumer purchasing model and success criteria for closing the gap between green consumers’ values and their behaviour are developed. The paper concludes that incentives and single issue labels (like the current energy rating label) would help consumers concentrate their limited efforts. More fundamentally, ‘being green’ needs time and space in people’s lives that is not available in increasingly busy lifestyles. Implications for policy and business are proposed. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment. Received 12 December 2007; revised 30 June 2008; accepted 4 July 2008 Keywords: ethical; green; environmental; sustainable; consumer; purchase; consumption; behaviour Introduction VERY...
Words: 7596 - Pages: 31
...Responsibility We are held accountable for our actions and deeds. Our character, behavior, and thought process defines not only our personal responsibility but also who we are. It is not what we do; it is how we do it. It is not what we say, but it is how we say it. A quality education and career training are sound investments for a bright future, an illustrious career, and a successful life. Individuals who complete more years of education have greater access to higher paying jobs-such as management, professional, and related occupations than those with fewer years of education. “Where one goes to college can have effects on one's future education, occupation, and income” (Karen, 2002, p. 193). Self-discipline, sacrifice, patience, perseverance, and positive attitude should be sufficient motivating factors, and a reminder that a good education pays off eventually by reaping the fruits of hard work. Physical well-being, personal wellness, and good health are part of personal responsibility. “Participation in physical activity should remain a high priority to facilitate maintenance of healthy body weights” (Liebman, 2005, p. 95). Personal drive, ambition, and desire to succeed are necessary attributes that help in overcoming any obstacles. Volunteering, part of personal responsibility requires time, and flexibility to help less fortunate members of the community, and may work in homeless shelters, children’s, and nursing homes, hospitals, churches, correctional...
Words: 669 - Pages: 3
...Canada Global Cultural José A. Rivera Osorio GRST 500 Research Paper Prof. Jared Mink April 8, 2014 Abstract Canada is the second largest country in the globe with population of over 32 million, the largest and most important industry Canada has is oil and logging. For businesses who want to expand towards Canada they are eight dimensions of business culture that will be detail in this analysis, and how NAFTA was formed. The agreements between U.S. and Canada with provisions that will benefit both countries, Canada also has bilateral agreements in trade with European Union and Asia, however we will only analyze U.S.-Canada cultures in business. Canada’s History The first inhabitants of Canada were native’s Indian people, primarily the Inuit “Eskimos. The Norse explorer Leif Eriksson reaches the shores of Canada at Nova Scotia in the year 1000, but the country actually begun 1497 with the introduction of the white man, John Cabot Italian at the service of King Henry VII of England reaches Nova Scotia. Canada was lost to the English in the year 1534 by Jacques Cartier which was the settlement of New France 1604, but was then was Nova Scotia in 1608. Quebec was founded, France’s colonization were not successful and ended at the end of 17th century. They penetrated beyond the Great Lakes to the western prairies and south along the Mississippi to the Gulf of Mexico. The English Hudson’s Bay Company in 1670 establishes themselves because of the abundance of fisheries...
Words: 3276 - Pages: 14
...As well as doctors that are incorrectly installing pacemakers could put the company under legal scrutiny. Financial Considerations Potential lawsuits will put a financial burden on the company. Revenue the Company X will get from the sale of the transistors. The Company X is interested in maximizing their shareholders’ value. Moral Considerations The company needs to act in the best interests of society by supplying the transistors. As well as to provide opportunity of life for patients needing the pacemakers installed. Actionable Alternatives Alternative 1 The first alternative from an ethical egoism perspective is to increase price, as an only supplier the company can act as a monopolist, continue with the supply of the transistors. As well as to renegotiate an agreement that would remove any liability for faulty mechanisms other than the transistors for pacemakers. As an ethical egoist the company will look to better their position and act in their own best interest therefore to increase its profits through the sale...
Words: 776 - Pages: 4
...Code of Ethics Bus/210 Friday December 12, 2013 Jeannette Lipford This code of conduct will help guide the ethical business practices of all persons and employees of Angie’s Computer Repair Service. These codes will define the responsibilities for each and every employee of Angie’s Computer Repair Service. by protecting our business reputation as ethical and a reliable Computer Repair Service. As a company we will comply with all the state and local laws, Employees will conduct themselves in a professional manner when dealing with company business. Employees will not discriminate against one another do their gender, race, religion, or beliefs we will be treated fairly and equally. There will be a zero tolerance for harassment of any sort whether it is intentional or unintentional. All employees including myself must be able to depend on each other’s truthfulness as well has have the ability to be able to step up and bring issues and concerns to the proper people. We will strive to provide excellent customer service to our clients. Employees will do what is in the best interest of the company to help the company to continue to grow and gain new business. Failing to protect the company’s interest along with our affiliates may result in suspension and or termination. We here at Angie’s Computer Repair Service pride ourselves on maintaining our good reputation within the community. Therefore these rules will be the standard functions of our good business practices;...
Words: 301 - Pages: 2
...Code of Ethics Compare & Contras Concordia University Code of Ethics Compare & Contrast The three codes of ethics that I chose to compare and contrast are those of the American Health Care Association (AHCA), the Health Information Professionals (HIP), and the American Nurses Association (ANA). Each one of these organizations have areas that are very similar to each other, as well as areas that are completely different. This paper points out the most common ethical codes which are practiced by each of the three establishments while on the same hand showing how vastly different they are. American Health Care Association The first code of ethics is from the American Health Care Association, or AHCA for short. What I found interesting about this particular code of ethics was that it seemed to be right down the middle compared to the other two. The ethics of the AHCA seem to be greatly centered on long term care for those in the community who need it and the standards of which they are upheld to. There is also more emphasis on self-accountability and just being a good person by doing what is right. The AHCA also considers itself as a model for other healthcare organizations when it comes to establishing the moral guidelines for employers as well as employees to follow. Patient advocacy and the strength of the relationship with the community are repeatedly emphasized in these ethics codes, which suggests that above all, healthcare providers should put the needs...
Words: 761 - Pages: 4
...FOUNDATION DEGREE IN HEALTH AND SOCIAL CARE MANAGEMENTETHICS, LEADERSHIP AND INTERPROFESSIONAL WORKING IN HEALTH AND SOCIAL CAREHS4501-40Describe The Importance Of Quality Leadership And The Difference Between Leadership And Management Within A Health And Social Care Environment, And Explain The Ethical Value Framework Leaders Of Services Should Adhere To STUDENT ID: 213599 06/05/2011 WORD COUNT 3,606 | | Describe The Importance Of Quality Leadership And The Difference Between Leadership And Management Within A Health And Social Care Environment, And Explain The Ethical Value Framework Leaders Of Services Should Adhere To | | This essay will discuss the importance of quality leadership, the diversities between leadership and management within health and social care and explain the ethical frame work leaders of services should adhere to. Every organization strives to be successful regardless of the type of business it conducts; no organization can be fully successful and productive without good quality leadership. Haris and Ogbonna (2000) discovered that although leadership may not completely affect the organisations achievement, the quality of leadership does affect the workers of the organisation who in turn have a substantial affect on the organiation. (cited in Haracre, et al 2011) If workers are contented and without stress in their work they will be more likely to be enthuiastic...
Words: 3756 - Pages: 16
...CONSENT FORM Thank you for being willing to take part in this interview exploring ethical conflict or turbulence. I would like to transcribe the content of this interview to form a written document to be submitted to Sheffield Hallam University as a piece of assessed piece of coursework. It is important that you only take part in this interview if you want to. As such I would be delighted if you would complete and sign this confidentiality questionnaire prior to the interview taking place. (i) In general terms are you willing to take part in this interview: and an edited transcript of the interview submitted to Sheffield Hallam? Yes (ii) Are you happy for your own name to be used in the transcript: or do you want the final transcript to written up with a pseudonym? Own name (iii) Are you happy for the names of other people and organisations to be used in the final transcript: or do you want all other names to be content of this transcription to be submitted to Sheffield Hallam? Pseudonyms (iv) Are you happy for me to submit the final transcript without you reviewing it - or do you want to reserve the right to see the final transcript before I submit? Submit unseen (v) Sometimes the ethical dilemmas described in these transcripts provide real life case studies that can be helpful to show other students, and can provide rich data for research projects. Would you be willing for this transcript to be used in further teaching or research - or would you prefer...
Words: 1766 - Pages: 8
