Business Research Ethics

This article explains why it is important for banks to allow good ethics. The banks have an respectable responsibility to the government, the sh atomic number 18holders, and the deal they serve. Communities have a history on rely the banks to loan silver to responsible parties. The bankers role is one of stewardship ground on practice (Green, C F 1989). The banks major responsibility is to trust our government, customers shargonholders, and management staff to be good in their decisions. In this article, they discussed how honourable issues have an impact on managing for the longer term. there first question asked was when a conjunction lies does an individual or comp some(prenominal) have an honorable responsibility to report any bad stomach to that individual. The answer to that question is yes, they have a responsibility to report any illegal consummations. The laws of a LLC still hold companies accountable for what they do and banks atomic number 18 held accountabl e for what they do. A company bum only go off doing bad business for a short time before they egress 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, plane though it might be more effort for the company, (the banks) the company who does wellhead ethically will stay in business. Having said that we have to have intercourse that money is a sticky business and business to micturate money. Therefore, as the markets open up through deregulation the World Wide weather vane and its technology will replace the face-to-face contact. straightway deregulation erect means that companies can trade and sell in markets that were closed to them in the past.Read Essay In Westminster Abbey AnalysisCurrently we have a single person working for a company doing twain the interchange and buying for us where it used to be stockbrokers and jobbers only with the new law s they have now rid of the jobbers and have given 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 foster the interests of the individuals they serve. The Government trust is clear from the financial services industry in Britain, of course there relationship depends a lot on the legislation, but then again the trust is there and has been for many years.For example, a novel example of consumer protection in the UK banks, national Westminster Bank has chosen self-governing status. They choose to give their customers an unbiased advice. At the very least the banks can be broken up into two parts those who barrow money, and those who sum it. Both the lenders and the barrowers have a very different and moral responsibility. A lending banker has to consider the canons of lending. The canons of lending are the bankers responsibility to fancy the purposes in why an individual would motive to be loaned money. The ethical issues that emergency to be understood are the purpose for the lending.It would be the bankers ethical responsibility to the bank, and its community that uses there local banks to pick out 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 conk the business. The article was big on describing the relationship 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 directed 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 opportunity extend beyond contracts and into legal requirements. Our society has its own standards on ethical doings and this article explains how ethical behavior can be avoided by next 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.