Directions: Locate the following articles
- Swamy, M. R. Kumara (2009). Financial management call for new approach to ethical-based financial statement analysis. Journal of Financial Management & Analysis, 22(2), 70-84.
- Ang, J. S. (1993). On financial ethics. Financial Management, 22(3), 32-32.
Ultimately, it is the application of these abilities that governments, businesses, and investors rely on to make decisions. After all, a business has no conscience or moral compass of its own. It has a conscience only to the extent that those who make it up act for it in such a way as to evince something comparable to a conscience. From the failure of Enron and WorldCom to the recent economic crisis, banks too big to fail, and the LIBOR manipulation, and despite more regulations than ever over businesses and their finances, the public still has concerns that need to be addressed.
Respond to the following questions using a minimum of three (3) APA in-text citations.
1. Do you believe maximizing shareholders' wealth is consistent with ethical behavior?
2. What do you think is important in a code of ethics for corporate financial managers? What considerations should a company make when adopting a code of ethics?
3. Whistleblowers are protected under the law, but many whistleblowers never work again after reporting wrongdoing. Why might someone blow or not blow the whistle when they find wrongdoing in a company? Would you blow the whistle if you found financial wrongdoing on the part of a company you worked for? What would you do if you reported it to your manager and it was ignored?