Business Ethics and Corporate Governance

Since all business dealings invariably involve finance, it is essential to maintain ethical reports related to finance. The chapter discusses about the importance of financial statements in an organization. Ethical issues that arise during mergers and acquisitions were also examined. Management techniques for thwarting hostile takeovers were also discussed.

The techniques discussed were poison pills, people pills, golden parachutes and sandbag. The ethical and unethical aspects of management buyouts and insider trading were also discussed. Money laundering techniques and the need for international cooperation for curbing money laundering were touched on briefly.