ETHICS AND FINANCIAL SERVICES QUESTION ONE The Interim report of the Royal Commission provides several cases that demonstrate various aspects of greed in today’s business environment considering the perspective of agency theory. It is evident that a culture of greed was the result of various cases of remuneration mis-incentives. The first case study pits a company called NAB whose employees earned various incentives based on erroneous agency relationships (Commonwealth of Australia, 2018). The company’s employees remain tasked with various roles as part of the company’s duties to the stakeholders. Its shareholders would have been especially interested in any business incentives systems in place because of the effects such systems have on their profit margins and dividends. Agency theory dictates that the principal and agent’s objectives and modus operandi must be aligned in order to prevent conflict of interest and liability or trust issues (Bottomley, 2016). However, when the employees used financial matters to calculate their incentives as opposed to compliance ones, this demonstrates a keenness to financial gain at the expense of compliance and the principal’s bottom-line. Another case presented…
Acting Performance The process of acting is not that easy. It is something that requires having an inner ability to come up with a different character. Jesus Pedraza- morena, in this case, exhibits some skills by taking different roles that are not involved with his personality. It is the same thing that we see with smoke fall. Jesus Pedraza- morena uses a specific technique to unleash some of the approaches in the form of written word, text, or scripts. It is often difficult to start a dialogue and make it enjoyable. It takes sometime before one can become creative enough to complete an exchange. Jesus Pedraza- morena in this scenario is truthful in all he is writing and not a cliché. They have come with things that resemble a human being. He needs to be real at all times and not write for the sake of writing. Jesus Pedraza- morena has also convinced the reader that whatever he is about the book is something that is bound to happen or has happened before. His role should drive the reader to…
parenting license essay If a parenting license were made, it would differ from other licenses. Unlike other activities that require consent, parenting is more of natural and biological activity rather than related to the government and finance (Bioethetics, 2015). Additionally, if a parenting license were created, parenting would no longer be a natural and biological activity (Bioethetics, 2015). Furthermore, it would relate to government and finance (Bioethetics, 2015). Therefore, a third party is involved (Bioethetics, 2015). Moreover, a parental license contrasts with other licenses because there are no alternatives for it if someone fails the test for licensing (Philosophical Disquisitions, 2015). In general, if someone fails the driving license test, there are alternatives for that person to progress about, such as public transport (Philosophical Disquisitions, 2015). Likewise, if someone fails the test for a specific profession such as a surgent or a lawyer, they can attain many different jobs (Philosophical Disquisitions, 2015). However, if parents fail the parental licensing test, there are no alternatives (Philosophical Disquisitions, 2015). As a result, a parenting license shouldn’t be created (Philosophical Disquisitions, 2015).…
Embedding Ethics Introduction In modern society, there are diverse moral values that guide different communities. Business ethicists should be active in promoting communitarian and dialogical ethics in their organizations. This paper looks into the power of dialogue as a means of facilitating ethical practices. The authors propose that businesses embed dialogic partnerships through dialogic research, debate and finally the representation of ideas Purpose of the paper The article explores communitarian and dialogical ways of instilling business ethics in the community as well as the organization. The ‘users of the information’ for this article are business ethicists. Subsequently, it urges normative ethicists to change what they do by developing norms that can be used across different organizations. According to Macklin and Mathison (2017), there is a research gap in the scarcity of normative ethical theories. Although the ISCT tries to bridge the gap, it does not support the communitarian approach. The article proposes dialogue in the process of making moral judgments. Findings ISCT Theory of Business Ethics One of the focused business theories is the Integrated Social Contract theory. The ISCT…
Pattern of Ethics Scandals The report study has different causes that are associated with bad management. The USB provides an excellent oversight of the bad governance in the case development and wrong tone that are stated in the top MiniCase. There was a conflict of interest between US companies and USB. This conflict was arising since USB was many US companies to evade taxes that were imposed by the IRS according to the case study (Aspan, 2013). The development of the case generated some aspects of selfish accounting practices due to poor control of the government system. For example, the case indicates there is some sort of libor manipulation scandals where the USB was associated with the second conflict in the act of colluding traders and brokers. The dispute arose when the USB showed some interest in the process of adjusting banks’ panel for interdealers. This was meant to create an advantageous position for the adjustment of trading positions on libor submissions. The USB generates some facts on protection on some ethics that include the idea process of evading from…
Global ethics Challenge of developing a global ethical perspective The challenge of developing a global ethical perspective entails many factors given that each country has its own traditions, culture, national and religious perspectives which shape the behavior or views of people on certain actions or values. For instance, some people in a certain country can attest to some actions or behaviors as rightful while other people in another country can view the same action as ethically bad. Moreover, it is a challenge to build a new global ethical perspective given the numerous nature of existing religions in the world which can make individuals to consider a certain behavior ethically good or bad based on their beliefs. There are two perspectives related to developing a global ethical perspective; ethical imperialism and cultural relativism. The cultural relativism concept argues that no cultures ethics are more important than other cultures. This means that there are no agreed international wrongs or rights. Cultural relativism believes in the saying “do what romans do while in Rome”. On the side of ethical imperialism, people are advised…
The Doctrine of God Introduction The doctrine of God forms the prerequisite of faith and foundation of the Christian theology field (Bavinck & Hendriksen, 2003). Doctrine is however as often understood what the church teaches in line with the officially accepted activity, contrary to theology which is by far a more open-minded discourse and its discoveries and discourse may or may not get accepted as doctrine (Gunton, 1997). The major area in the doctrine is God’s nature and His character when handling the world as revealed in Israel’s history and holds its articulation in the witness and life of the Church. The Doctrine of God majorly revolves around the existence of God, the attributes and names of God, providence and creation plus the Holy Trinity. An understanding of the Doctrine of God involves grasping the philosophy, issues stemming from the social and natural sciences and all other cross-cultural contexts that arise from the growing global society. Naturalistic arguments The cosmological argument of God’s existence argues simply that every happening and or, the effect must have a correspondent cause. Something cannot…
AUXILLARY HYPOTHESES To obtain the effects of a test, we consider a variety of theories called the auxiliary hypotheses. They state that reliability is calculated by the false assumptions that validate the findings that we need the test to demonstrate deductively correct. In other terms, the inference should be accurate if all the hypotheses are proven to be valid. Nevertheless, Popper suggested the deduction of nullity when he claimed that absolute results should not be the basis for a general conclusion. For example, due to the low observed samples, there was a presumption that all swans were white until the discovery of the black ones. It was, therefore, absurd to conclude that all swans were white because no studies made to all swans on earth. In connection, we use context hypothesis if we can derive a general conclusion from the evidence to see whether enough data is available and if the information is symbolic. It implies researchers not only analyze evidence and infer they also examine data from their hypothesis. Popper did not believe that scientists are, however, often motivated…
Business & Professional Ethics paper Using Book CHAPTER ONE: Business & Professional Ethics forDirectors, Executives & Accountants8th EditionLeonard J. Brooks, Paul DunnISBN-10: 1305971450ISBN-13: 9781305971455© 2018 and http://watchdocumentaries.com/enron-the-smartest-guys-in-the-room/ http://www.nytimes.com/2014/03/31/us/the-fight-to-reveal-abuses-by-catholic-priests.html Links to an external site. on September 23, 2014. This video uses a medley of television news reports from the 1980s to provide a history of repeated abuses by Catholic priests and repeated promises to end the abuse. The video caption asks the question, “Sexual abuse in the Catholic Church has been making headlines for years. Some priests have been punished, but what about the bishops who shielded them?” After reading Chapter One, watching the Enron DVD and watching the historical events associated with the Catholic Church – please discuss, through consideration of the analysis and views of the arguments presented in Chapter One and module one material, ″how do corporations bury ethical problems″. Use the Catholic Church and Enron as business model examples[unique_solution] Using Book CHAPTER ONE: Business & Professional Ethics forDirectors, Executives & Accountants8th EditionLeonard J. Brooks, Paul DunnISBN-10: 1305971450ISBN-13: 9781305971455© 2018 and http://watchdocumentaries.com/enron-the-smartest-guys-in-the-room/ http://www.nytimes.com/2014/03/31/us/the-fight-to-reveal-abuses-by-catholic-priests.html Links to an external site. on September 23, 2014. This video…
Personal ethics Our characters, how we behave and do thing deeply explains who we are. Every decision that we make matters and can affect everyone around us either positively or negatively. What is ethics? To me, this is standards of doing what is right or wrong. Personal ethics is what now differentiate one person from another. My ethics have been moulded and guided by religion. The work will explain how I understand ethics in my view. The moral right requires foresight and logic as it helps in viewing the life of others. I agree with Kayes (2019) that ethics have to do with standard and moral value. I understand that every ethical decision made either in local places or institution should be respected and recognised. According to Brooks et al (2012) employees should be empowered to make an ethical decision and be able to defend them. The conclusion I make should be accepted and acknowledge as because my ethics allow it. Religion is of the factor that moulds my ethics; helping to decide what is right and what is…