What Must Be Done to Improve Ethics in Finance and Corporate Governance?

Topics: Ethics, Business ethics, Corporate governance Pages: 4 (1198 words) Published: August 15, 2012
U10A2- Essay
Louise Pettiford

What must be done to improve ethics in finance and corporate governance? Corporate governance can be referred to the rules, processes, or laws by which businesses are operated, regulated and controlled. It can also refer to internal factors defined by the officers, stockholders or constitution of a corporation. After finding the meaning of Corporate governance, which can also be referred to corporate responsibility, I thought about the policies in which the company I work for have. I work for Northrop Grumman, which is one of the leaders in global security. My company does strive to remain committed to maintaining the highest of ethical standards, embracing diversity and becoming an ideal corporate citizen ,taking responsibility for the quality , delivering customer satisfaction, demonstrating leadership as a company, acting with integrity, valuing people, and regarding our suppliers as essential team members. A lot of training programs and ethics training must be completed every year in order to have access to computer systems. They have strict policies on which business associates are to conduct business. So there are a lot of regulations on not sacrificing integrity to achieve business objectives. The goal is to abide by the highest principles and integrity and concern for others. With the reputation Northrop Grumman has, they strive on doing what is right, so respect and support is gained. Corporate governance has received a lot of attention because of the scandals involving abuse of corporate power, alleged criminal activity and unethical or illegal acts on the name of the company. Corporate governance matters because there is a level of confidence that is associated with a company that is known to have a good reputation. Having the presence of a directors and board members contributes a great deal towards ensuring confidence the market. Since Northrop Grumman works in the US and internationally, investors are...

References: www.northropgrumman.com
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