BUSINESS ETHICS

  Financial Managers Financial managers prepare reports, oversee accounting functions, plan investment strategies and direct cash management functions. They also are involved in branch management functions at banks and other financial institutions. They are required to uphold the highest ethical standards because internal and external stakeholders depend on transparent, timely and complete financial documents to make decisions.   Ethical Issues Faced By Financial Managers Financial managers prepare reports, oversee accounting functions, plan investment strategies and direct cash management functions. They also are involved in branch management functions at banks and other financial institutions. 1. Accuracy A company’s financial manager ensures that all financial publications accurately and fairly reflect the financial condition of the company. Accounting errors and financial fraud, such as what was seen in the cases of Enron and World Com, damage the interests of shareholders...

  Human Resource Management :    Human resource management deals with the aspect of manpower in the organisation, it is process of recruiting, hiring, deploying and managing the employees of the organisation.  A company's Human Resource(HR) department is responsible to manage the employees of the organisation and to make sure the manpower of the organisation is up to the required standard so that the organisation can perform their daily operations smoothly.  Ethical Issues in HRM   1. Employment Issues: HR professionals are likely to face maximum ethical dilemmas in the areas of hiring of employees. Major challenges in this area are: a. Pressure to hire a friend or relative of a highly placed executive. b. Faked credentials submitted by a job applicant. c. Discovery that an employee who has been with the organisation for some time, is skilled and has established a successful record, had lied about his educational credentials. 2. Cash and Incentive Plans: Ca...