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ISSUES AND ETHICS IN FINANCE - Coggle Diagram
ISSUES AND ETHICS IN FINANCE
WHY ETHICS IS IMPORTANT IN FINANCE
a systemic approach that includes components like a code of conduct and standardized procedures for conducting ethics checks.
TO RID OF UNETHICAL
BEHAVIOUR
TO PROTECT
REPUTATION
TO GAIN TRUST
MINIMIZE FINANCIAL RISK
AVOID LEGAL RISK
WHAT IS ETHICS
Ethic is related to any best decision that is make based on pure values and principles also based on beliefs and norms as well. In a simple word ethic is one of important aspect for someone to make the best decision and prevent bias.
Principles
Honesty
Fairness
Objectivity
Responsibility
ETHICS, RULES AND REGULATION
ETHICS
moral standards that direct a person's behaviour or the way an activity is carried out.
RULES
one of a group of rules or guidelines that govern behaviour or protocol in a specific field of activity that are either explicit or widely accepted.
REGULATION
a regulation or instruction issued and upheld by a power.
Standards
Competence
Confidentiality
Integrity
Credibility