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"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.........
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Considering the above interview, analyse the ethical implications of a corporate objective of 'maximising shareholder wealth' in banks and its effect on broader society.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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