ETHICS IN BUSINESS-

Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

ETHICS IN FINANCE-

ETHICS IN FINANCE. Ethics, in general, is concerned with human behavior that is acceptable or "right" and that is not acceptable or "wrong" based on conventional morality They relate to all aspects of life, including business and finance. Financial ethics is, therefore, a subset of general ethics.

ETHICAL ISSUES IN FINANCE SECTOR-

Some people suffer from stunted moral development This happens in three areas: the failure to be taught, the failure to look beyond one’s own perspective, and the lack of proper mentoring


Some people equate moral behavior with legal behavior, disregarding the fact that even though an action may not be illegal, it still may not be moral.  remember that the reason for all laws is that the moral agreement begins to break down, and the way to get other people in line is to legislate so that we can stipulate punishments Yet some people contend that the only requirement is to obey the law. They tend to ignore the spirit of the law in only following the letter of the law 

Individual responsibility can wither under the demands of the client. Sometimes the push to act unethically comes from the client. How many people expect their accountants to pad their expenses where possible? How many clients expect their insurance agents to falsify their applications or claims? “That’s the temptation—you like your client, you’ve gotten to know your client, you really want to help your client out—that’s just another conflicting loyalty



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