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Social Implications of business ethics
Transcript of Social Implications of business ethics
Inaccurate financial advice (PPI) has led to Financial advice Services being increasingly reglated. the use of finacial muscle to gain unfair advantage over others. Bribery is a form of corruption.
e.g. Attempting to gain planning permission by giving money to a planning official or councillor A key problem is excessive pay for top executives. This will also include perks and pensions Areas of Activity Insider Trading Insider trading refers to the illegal use of priviledged information in dealing on a stock exchange. e.g. when a company take over bid is imminent, shares are bought rapidly and then sold for a big profit Lobbying Lobbying politicians can be a source of corruption. To Lobby means to approach an MP or minister with requests for actions or information. The intention is to persuade politicians to adopt a couse or issue in order to benefit it. The affect of Social implicaitons
Activity http://www.bbc.co.uk/go/em/fr/-/news/business-12682395 >