Description
Scenario
You are the HR manager of a financial firm. There has been a lot of news media discussing recent public opinion surrounding unethical financial behavior. Recently, a former employee of your firm posted questionable items to social media, causing shareholder and stakeholder concerns. This questionable social media post has been identified as having a potentially negative impact on the company’s public image, the potential to reduce employee morale, and to reduce new business. You have been tasked by the leadership team to investigate the former employee allegations and create a companywide newsletter article as a response.
While searching for the full story, you have located a case study that discusses leader’s unethical behaviors in the finance industry. You and the finance manager talk about the current issue and the case study you have found. As the HR manager, you want to ensure that your company is aware of these issues and that employee’s follow best practices. During your discussion with the financial manager, the suggestion was made that you to write a response article detailing the case study for an internal organizational newsletter. This newsletter will make employees aware as well as address their concerns.
Instructions
Write an article for the company newsletter, which will cover the importance of financial ethics in business and how leaders can create an ethical environment.
In Microsoft Word, create the newsletter article that addresses the following:
- Provide a summary of the case study
- Clearly state the unethical financial behaviors.
- Provide the steps the company must take to ensure the likelihood of ethical financial practices.
- Conclude your newsletter with your company’s policy to address the financial impact on the company pertaining to unethical posting on social media by employees.
NOTE - Be sure the article displays proper grammar, spelling, punctuation, and sentence structure.
APA FORMAT AND NO PLAGIARISM
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
1
Unethical Behaviors in The Finance Industry
Name
Institution Affiliation
Date
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Unethical Behaviors in The Finance Industry
The Securities and Exchange Commission charged Luckin Coffee with fraud against
investors. This China-based firm materially misstated revenues and expenses to falsify rapid
growth and profitability. The company used to purchase schemes to fabricate sale transactions of
more than $300 million, according to the allegations. The organization inflated its expenses by
$190 million (Cao, 2020). It altered the accounting and bank records database, which was
reflected in the 2019 public financial statements. However, the unethical behaviors of the
company were discovered during the annual external audit of the 2019 financial statements. As a
result, the Securities and Exchange Commission filed a lawsuit against Luckin in New York
Southern District. The business did not plead guilty to the claims or deny the allegat...