ETHICAL ISSUES IN FINANCE WITH CASE STUDY.pptx

Ethical issues in finance

1. Course            : BBA Semester        : 6th Semester Year                : 3rd year Faculty name  : Dr .NAGEENA KHALEEL ETHICAL ISSUES IN FINANCE Examining dilemmas, exploring solutions, and building a more responsible financial landscape By: A.Poornachander  21FMOCBL010005 A.simhadri             21FMOCBL010005

2. The Ethical Landscape of Finance Finance underpins various aspects of our lives, from individual investments to global economic systems. Ethical considerations are essential for ensuring fair, transparent, and responsible practices. Ignoring ethical concerns can lead to negative consequences, including financial instability, social injustice, and environmental damage.

3. Ethical Issue: Insider Trading Insider trading involves using non-public information to gain an unfair advantage in the market. This practice erodes trust in the market and can harm investors who lack access to such information. Example:-The Enron scandal involved executives using insider knowledge to manipulate stock prices. They engaged in accounting fraud, misrepresenting the company's financial health to investors while selling off their own shares. This ultimately led to Enron's collapse, wiping out billions of dollars in shareholder value and resulting in criminal convictions for those involved.

4. Ethical Issue : Algorithmic Bias

5. The Ethics of India Buying Russian Oil India's relationship with Russia and the West: India has been criticized for buying discounted oil from Russia while the country wages war in Ukraine. Some argue that this action undermines Western efforts to sanction Russia. Others argue that India needs the cheap oil to recover from its own economic struggles. India's relationship with Russia as a military supplier: India has a long-standing relationship with Russia as a military supplier. However, this relationship is complicated by Russia’s growing ties to China, which is a rival of India. India's difficult position: India is caught in a difficult position, trying to balance its own needs with the ethical concerns of the global community.

6. Toward a More Ethical Financial System Strengthening regulations and enforcement mechanisms is essential to deter unethical practices. Promoting financial literacy and education empowers individuals to make informed decisions. Fostering a culture of ethical leadership within financial institutions is crucial for setting a positive example.

7. Building a Responsible Future Ethical considerations are not just optional; they are fundamental to building a responsible and sustainable financial system. By addressing ethical issues, we can create a more just and equitable financial landscape for all. Each of us, from individuals to institutions, has a role to play in promoting ethical practices in finance.

8. THANK YOU