Business Research Ethics

This phrase explains why it is important for banks to have right-hand(a) ethics. The banks have an respectable responsibility to the government, the shareholders, and the people they serve. Communities have a history on trusting the banks to lend bills to responsible parties. The bankers role is one of stewardship based on trust (Green, C F 1989). The banks major responsibility is to trust our government, customers shareholders, and management staff to be sizeable in their decisions. In this article, they discussed how ethical issues have an impact on managing for the longer term.There first question asked was when a company lies does an singular or company have an ethical responsibility to report any unspeakable conduct to that individual. The answer to that question is yes, they have a responsibility to report any illegal actions. The laws of a LLC still hold companies accountable for what they do and banks are held accountable for what they do. A company outhouse except go forward doing bad business for a short time before they start to collapse, and what I mean be that is if a company lies, cheats and steals form the people they will certainly be discovered.Therefore, the article tells us that in the end, even though it might be more effort for the company, (the banks) the company who does salubrious ethicall(a)y will stay in business. Having said that we have to acknowledge that money is a embarrassing business and business to cast off money. Therefore, as the markets open up through deregulation the World ample Web and its technology will replace the face-to-face contact. Now deregulation just means that companies can trade and sell in markets that were closed to them in the past.Read Essay In Westminster Abbey Analysis currently we have a single person working for a company doing both the selling and buying for us where it used to be stockbrokers and jobbers but with the new laws they have now rid of the jobbers and have leave behindn up all the power to the stockbrokers. Now we have to trust the brokers and the companies they work for. Now the government has an obligation to treasure the interests of the individuals they serve. The Government trust is clear from the financial services industry in Britain, of course there kinship depends a lot on the legislation, but then again the trust is there and has been for many years.For example, a recent example of consumer protection in the UK banks, national Westminster Bank has chosen independent status. They choose to give their customers an unbiased advice. At the very least the banks can be broken up into two split those who barrow money, and those who lend it. Both the lenders and the barrowers have a very different and moral responsibility. A bring banker has to consider the canons of lending. The canons of lending are the bankers responsibility to find the purposes in why an individual would have to be loaned money. The ethical issues that need to be understood are the purpose for the lending.It would be the bankers ethical responsibility to the bank, and its residential district that uses there local banks to make an honest and ethical decision to loan the money to the borrower. The integrity and business ability of the borrower need addressing. The banks need to look at how the borrower will repay the community and the banks for the money they borrow. This is when the banks or the managerial staff will be satisfied to loan the money to the borrower. When all responsibility parties and issues have been addressed. In the banks situation they are always concerned when loaning money to an individual or a small company.There are ethical decisions to be made. Banking and finance is the peoples business meaning we depend on our people to run the business. The article was big on describing the descent between the people and the banks are one. For example, the people who work at the banks live in the same communities they serve. Therefore, the banks make their employees and managers sign contracts to work. These contracts protect both the people and the banks form wrongdoing. The contract states both the banks and the employees rights. If there is an incident, the contract is across-the-board beyond the contract and into the laws of society.The article gives examples of companies where action on issues like disciplining staff or creating equality luck extend beyond contracts and into legal requirements. Our society has its own standards on ethical behavior and this article explains how ethical behavior can be avoided by following the rules of contracts and having a moral obligation to the community by having good ethical standers. This article sums up by reiterating that the banks have responsibilities to both the government, stockholders and the people to make good ethical decisions.