Despite the diversity of financial roles and activities, an understanding of the need for ethics can be developed around three broad themes

According to Boatright (1999), “Despite the diversity of financial roles and activities, an understanding of the need for ethics can be developed around three broad themes: 

1.         Ethics is needed in financial markets

2.         Ethics is needed in the financial services industry

3.         Ethics is needed by finance people in organizations” 

Explain the above statement.

QUESTION 3

Immanuel Kant developed a very influential ethical theory that seeks to answer the question “what besides consequences could be relevant to the morality of an action? 

Explain the ethical theory proponed by Kant. 

QUESTION 3

Briefly explain what is meant by the equity/efficiency trade off.