BUSINESS ETHICS

There is much talk today about ethics consequence business-as there should be, though there should be more than talk; there should be a high moral code for all executives who are responsible to both their customers and their shareholders.

I buy been the president and CEO of matchless publicly owned troop and also was president of another which was explicable to customers who traded equities. This carries a high responsibility to all concerned. You have to be more than aroused if you do something foul because you will go to lockup. You must have the desire to bid to always do your best for everybody who works as you since efficiently as all the customers or investors that proposition with your company.

Ethics is accepted to be either ebony or white, belonging or wrong, but today it is many shades of grey. If any company does shady business you can be sure it starts at the inauguration and filters down since the president is the one who sets the example for the actions of the full company. This is as becoming for actions of the elected officials as it is for corporations or people. We have had some stunning lugubrious examples of that in Washington.

Each time there is a new scandal the public seems less disturbed. The recent disclosure that mutual supports have been allowing hedge funds and contrary big traders to take positions later its closing bell is a brutal spectacle. Maybe investors are not aware which someone is writing checks on their account. This is stolen money that is no different than a guy with the gun holding up a 7-11 store. Yes, the one difference is that the mutual funds trust allowed millions of dollars to be siphoned off from those to whom they owed a fiduciary liaison. The account manager is a crook and deserves jail time. He just took the important disguise a click of the computer keyboard and which was his weapon. White collar badness deserves the same punishment as the guy take cover a gun.

When you give a brokerage company, a mutual fund or any finance institution your money we expect, pull fact, you demand, that they treat you fairly within the rules of the industry. When we are short-changed you should not accept it.

Because of its huge amounts of money available further permitted to people in the financial industry it is accommodating to understand how they can be tempted into criminal actions. that is why all publicly traded companies are required to have their books audited annually. Lately we have seen that even these audits are tainted.

Investors rely upon the numbers set formerly them in edict to make decisions about owning stock in a van. If the information is dishonest a proper decision cannot be made.

Today we are seeing another tone of corporate pacesetter being combined. He is called the Governance pilot. It is his job to look at that the company maintains high ethical standards. we extol this action and hope he cannot be seduced through awash bucks.

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Copyright 2012

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