We have written this book primarily to assist investment bankers,
stakeholders such as regulators and politicians, and those interested in
starting an investment banking career in understanding how ethics can
be applied in investment banking.
Since 2007, as the financial crisis has played out, there has been much
criticism of investment banking and calls for more ethical behaviour by
investment banks and investment bankers.
.ETHICAL ISSUES IN ACCOUNTING
Ethical issues in the field of accounting have been previously considered in the UK only in terms of the application of codes of ethics. This unique book identifies accounting as an activity with complex ethical implications for the profession in general and for individual practitioners.
When businesses need to raise money (called 'capital'), more laws come into play. A highly complex set of laws and regulations govern the offer and sale of investment securities (the means of raising money) in most Western countries. These regulations can require disclosure of a lot of specific financial and other information about the business and give buyers certain remedies. Because "securities" is a very broad term, most investment transactions will be potentially subject to these laws, unless a special exemption is available....
The Business Roundtable Institute for Corporate Ethics is an independent entity established in partnership with Business Roundtable—an association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees and $4 trillion in annual revenues—and leading academics from America’s best business schools.
In this chapter you will learn: Present the definition of ethics in general and business ethics in particular, recognize the need for a code of ethics that is upheld especially by setting the right “tone at the top”, become familiar with the SEC rules and regulations relating to ethics, provide an overview of listing standards and suggestions relating to ethics, understand the board’s role in setting the company’s ethical codes,...
Chapter 1 provides knowledge of the nature of law. After you have studied this chapter, you should be able to: Identify the respective makers of the different types of law (constitutions, statutes, common law, and administrative regulations and decisions); identify the type of law that takes precedence when two types of law confl ict; explain the basic differences between the criminal law and civil law classifi cations; describe key ways in which the major schools of jurisprudence differ from each other.
When you finish this chapter, you should: Appreciate strengths & weaknesses of various ethical theories, learn to apply guidelines for ethical decision making, recognize critical thinking errors, be an ethical leader.
Chapter 41 provides knowledge of history and nature of corporations. After completing this unit, you should be able to: Discuss the history of corporations, recognize the types of corporations, understand state regulation of foreign and alien corporations, describe how to pierce the corporate veil.
Chapter 45 provides knowledge of securities regulation. After completing this chapter, students will be able to: Define “security” and explain how issuances and issuers of securities are regulated, describe communication rules for a public offering of securities, list the securities act’s exemptions from registration, discuss liability for securities.
In this chapter, the learning objectives are: Understand the purpose of the Sherman Act; explain the terminology of antitrust regulation, including rule of reason (compared to per se) analysis, price-fixing, boycotts, and restraints on competitio; describe monopolization.
Chapter 51 provides knowledge of employment law. After reading the material in this chapter, you should be able to: Identify and describe legislation protecting worker safety, health, and well-being; regulating wages and hours, pensions and benefits, and income security; and that governs unionized workforces; explain employment-at-will doctrine and its major exceptions.
Chapter 52 provides knowledge of environmental regulation. After reading the material in this chapter, you should be able to: Explain when an environmental impact statement must be prepared and the information it must include; discuss major provisions of the: clean air act, clean water act, and hazardous waste laws; describe the impact global climate change may have on business.
In this chapter you will: Understand the roles and responsibilities of regulators and standard setters, provide an overview of fundamental provisions of SOX and their impacts, provide an overview of the evaluation of SOX (cost and benefits), understand why the SEC was established, provide an overview of the primary functions of the PCAOB,...
This chapter recognize the role independent auditors play in achieving effective corporate governance and reliable financial reports; understand the history of auditing, the traditional roles of auditors, and regulations recently placed on them; address the expectation gap regarding what auditors can provide in the way of reasonable assurance and the expectations of investors for a higher level of assurance;...
In this chapter you will: Understand the advisory function of corporate governance normally provided by legal counsel, financial advisors, and investment banks; recognize the traditional role of legal counsel and how it has changed, as well as the lines of communication between legal counsel, the company, and its board of directors; identify the rules and regulations implemented by the SEC for corporate attorneys;...
Chapter 8 - Business-government relations. After studying this chapter you will be able to: Understanding why sometimes governments and business collaborate and other times work at arm’s length from each other, defining public policy and the elements of the public policy process, explaining the reasons for regulation, knowing the major types of government regulation of business,...
Chapter 11 - Managing environmental issues. After studying this chapter you will be able to: Knowing the main features of environmental laws in the United States and other nations, understanding the advantages and disadvantages of different regulatory approaches, assessing the costs and benefits of environmental regulation,
Chapter 15 - Consumer protection. After studying this chapter you will be able to: Analyzing the reasons for consumer advocacy and the methods consumer organizations use to advance their interests, knowing the five major rights of consumers, assessing the ways in which government regulatory agencies protect consumers and what kinds of products are most likely to be regulated,...