How a company incorporated ethics into the financial management practices|My homework helper

Posted: March 8th, 2023

Using the Wall Street Journal , select an article about any publicly traded firm that enjoys a large shareholder base. How has the company incorporated ethics into the financial management practices? Discuss what challenges the firm has encountered (or is likely to encounter) and how they have sustained ethical practices despite internal or external (market) pressures. Frame your response relative to the financial manager’s fiduciary duty to maximize shareholder’s wealth.

 

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SOLUTION

Incorporating ethics into financial management practices is crucial for any publicly traded firm with a large shareholder base. Such companies face increasing pressure from investors and regulators to act in an ethical and socially responsible manner. Failure to do so can lead to reputational damage, legal challenges, and financial losses. Financial managers have a fiduciary duty to maximize shareholder wealth, but this does not mean that they can disregard ethical considerations. In fact, ethical behavior is essential for the long-term success of any company. Companies that prioritize ethics tend to have more loyal customers, better relationships with stakeholders, and a stronger brand reputation.

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