NIIT University | Ethics in Finance | | | Aman Sawhney | | | Contents Introduction 1 Why Ethics Matters 1 Ethics and Ethical Dilemma 2 Creating an Ethical Environment 3 Reasons for Unethical Behavior 4 Ethical issues in Finance 4 Financial Statement 5 Fictitious Revenues 5 Off-balance Sheet Financing 5 Hidden Reserves 5 Hostile Takeovers 6 Insider Trading 6 Introduction Ethics in general is concerned with human behavior that is acceptable or "right"
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integrity is not something that is often at the forefront of modern day business dealings. Ethics, business, and society must work in concert to provide sustainable products and services that have the least negative impact. Ethics are a necessary and critical ingredient in any successful organization. Maintaining an ethical climate requires a moral and conscientious outlook by all personnel in the company. Unethical practices create a climate of contempt and distrust, leading to consumers feeling
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Tyco: I’m Sure That It’s A Really Nice Shower Curtain. Tyco’s CEO Dennis Kozlowski, in 2000 was considered the highest paid CEO in America with an income of $105 million. Kozlowski started his journey at Tyco as an internal Auditor on 1975 and by 1992 he was the CEO of Tyco International. Like any other CEO, I believe Kozlowski just wanted to grow his company and be the best he could be. His bold statement of wanting to be the next General Electric evidences this point. He grew the company from
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case her protection. She ignored any morals to practice fair trade in the stock exchange and instead only protected her own interest in at the expense of the people who bought the stock of ImClone from her. Martha knew the stock value of ImClone was going to decrease after the FDA’s announcement and decided that she shouldn’t be the one to take a hit. Martha failed to contemplate how her actions would impact others included the stakeholders of her business. Martha didn’t conduct herself in ethical manner
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Ethics in the Public Relations Industry There are a wide range of complex definitions applied to the practice of ‘Public Relations’, the Public Relations Society of America (PRSA) for example has a full page statement outlining the profession (PRSA website1), as well as the definition formally adopted during the PRSA 1982 National Assembly “Public Relations helps an organization and its publics adapt mutually to each other” (PRSA website2). For the purposes of this discussion however I plan to
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------------------------------------------------- Business Ethics across Cultures Article Review Meghan Kraft XMGT/216 Deborah Pryer November 22nd 2015 Business Ethics across Cultures Article Review For centuries countries have been sharing their goods, services, cultures, and ways of life with those who visit or decides to do business with their country. While most would assume that people in another land speaking a different language, following a different religion, and eating different
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multinational firms face the challenge of poor employment standards, environmental protection, and health and safety standards despite companies’ continued investment in audits, supply chains, and other practices to help tackle the problems. The article researches the most effective responsible supply chain practices that will aid in alleviating these issues. Furthermore, it elaborates on three key categories of reliable supply chain procedures. The first is management systems where leadership, guidelines
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In our society, we as consumers are continuously being bombarded by advertising ads on T.V and billboards and highways to promote the latest product. A user isn’t always looking at the product or reading product safety warning on the labels; they are only looking at who and what athlete and movie star promotes this latest product. For example, Pepsi, and always uses high profile athletes or famous people to promote its product. These ads provide a sublime message. These Ads are gear to get the consumer
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Ethic is useful because it makes business stable and predicable. In a game, a cheater who is not caught will continue to reap huge rewards. However, if the trend continue, it will encourage other players to cheat or leave the game because they are being driven out of business. If a business operator always has to wonder if the other side is playing by the same rule, if a customer constantly wonder if the vendor is overcharging for the invoice, then business slow down, becomes inefficient.
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likely to lead to a conflict of interest situation and/or making it susceptible to ethical risks2 (this rubric dimension overlaps the first 2). st You should pinpoint the unethical practices, actions and behaviour in LB (1 part of the qn).Then, discuss nd the implications and consequences for stakeholders resulting from these unethical acts (2 part of qn). 2. Could anything be done differently at Lehman Brothers to prevent what happened? Explain. Rubric: Ethical knowledge, understanding and Judgement
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