Question

Reflect on what ethics for finance has taught you and the skills you have learnt from it and what more you still need to learn.

Answer 1

Ethics in General sense,

Ethics is concerned with human behaviour that is acceptable or RIGHT and that is not acceptable or WRONG based on conventional morality. General Ethical norms in Truthfulness,honesty,integrity, respect for others, fairness and justice. They relate to all aspects to Life, business and finance.

Ethics for FINANCE :

To promote high standard of practice,

AS a vehicle for occupational identify,

As a mark of occupational maturity,

To provide a benchmark for members to self evaluation,

To define acceptable behaviour,

The behaviour assumption of the modern financial-economic theory's runs counter to the idea of trustworthiness, loyalty, other traditional principal agent relationship.

The Ethical dilemma presented by the problem of conflicting interests in area of finance , such as corporate governance by converting approach to ensure ethical behaviour.

Learning outcomes ethical finance;

1) Ethics influence choices and conduct , therefore financial and economic outcomes.

2) its influence in choices and behaviour of students when faced with moral dilemma in the future.

3) In functions of market in Ethical value of shareholders protection and unfairness of inside trading.

4) Regulations of financial markets, firms and institution is based in the Ethical value of the society and understanding of ethical principles.

5) A study of ethics prepare finance student for the uncertainties inherent in business.

So, above discussion of ethical finance behaviour of individual within the corporation best viewed as an organisation assets.