Ethical implications of a corporate objective

Assignment Help Finance Basics
Reference no: EM132700939

"The shocking revelations of The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have called into question the motivations of the boards driving Australia's big banks and businesses.

This has caused key commentators to question whether the legacy of the inquiry will be a fundamental shift in the ideologies underpinning these institutions, away from the notion of shareholder primacy put forward by Milton Friedman in the 1960's, and towards a more ethical corporate accountability model that takes into account the interests of customers, and the community.........

Required:

Considering the above interview, analyse the ethical implications of a corporate objective of 'maximising shareholder wealth' in banks and its effect on broader society.

Reference no: EM132700939

Questions Cloud

What is the most health threat for young people : What is the most health threat for young people between 20-25 years old in Saudi Arabia, and what is the main role that you think health promotion-health.
Ethical implications of an event : Discuss in detail the ethical implications of an event found in the banking royal commission.
What is the expected net present value of building : What is the expected net present value of building the plant?
Explain the workings of a cdo : Explain the workings of a CDO. How would a high default correlation among the underlying assets affect the senior vs the equity tranche.
Ethical implications of a corporate objective : Considering the above interview, analyse the ethical implications of a corporate objective of 'maximising shareholder wealth' in banks and its effect on broader
When managed care enrollment increases in a market : When managed care enrollment increases in a market, how does it affect other insurers and providers? What are the five criteria for a competitive market?
Eliminate credit risk to the protection buyer : In your opinion, will using credit default swaps completely eliminate credit risk to the protection buyer?
Find standard deviation of rate of return on investment : What is the standard deviation of the rate of return on this investment?
What is the payback for project : The required rate of return is 15% for projects at this company. What is the Payback for this project? (Answer to the nearest tenth of a year, e.g. 3.2)

Reviews

Write a Review

Finance Basics Questions & Answers

  Low financing or cash back

A car company is offering a choice of deals. You can receive $1,000 cash back on the purchase, or a 2 percent APR, 5-year loan.

  Compute the price of the stock

The new dividend after 12 months will represent D1. The required rate of return (Ke) is 14 percent. Compute the price of the stock.

  What are the views on women in the workplace

What are the views on women in the workplace? Particularly in light of the most recent news affecting both the political and entertainment world.

  Assume may is 40 years old and expect to live until 85

If the interest rate is 10% per annum, compounded annually, which of the following prizes has the highest present value?

  Define scope in the financial-services industry

If you want to learn more about electronic banking and its future scope in the financial-services industry, where can you go on the Web to find out?

  Market in a concise and systematic manner

Describe the types of mutual funds that can be found in the market in a concise and systematic manner, suitable for presenting to a group of investors.

  Stock market price prior to the recapitalization

Assume that the shares are repurchased at a price equal to the stock market price prior to the recapitalization.

  Shares of stock at the current stock price

Looking forward to next year, if Digby's current cash balance is $19,378 (000) and cash flows from operations next period are unchanged from this period, and Digby takes ONLY the following actions relating to cash flows from investing and financin..

  Working capital for an international project

How do you propose financing the working capital for an international project, and how are you going to manage your working capital?

  Write about the following in regards to a fine foods

write about the following in regards to a fine foods grocery shop pursuing an international organizationeffects of

  What interest rate are you being charged

You borrow $115,000 and must make annual loan payments of $13,435.40 for 15 years, starting at the end of the year.

  What is the amount of the initial cash outflow at period

What is the amount of the initial cash outflow at period 0?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd