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Presented by:
Mohammad Bilal
Raza Ayoub
Syed RIzwan Ali
Zohair Ahmed Sariyo
1
Salient Features
Introduction (THE ROLE OF FINANCE)
Investment Ethics
4
Investment Ethics (Cont…)
6
Corporate Corruption (Cont…)
It has been argued that corporation do not have the
responsibility of maximizing the general welfare
within capitalist order, it is the responsibility of the
capitalist state.
9
Corporate Corruption (Cont…)
Regulations tend to reduce profits, therefore
corporations have started giving ‘donations’ to
political parties.
10
Corporate Governance
After the revelation of serious scandals in leading
multinational companies, attention was focused on
the need of strengthened “corporate governance”.
11
Individual Financial Corruption
Business Ethics basic focus is to promote
Corporations
Corporate Crimes
12
Conflict of Interest
Bad Faith:
14
Conflicts of Interests
Why & Where do these acts of ‘Bad Faith’ take
place?
Promotions
Empowerment of Role Models
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Special Incentives
Fraud & Theft
Fraud:
Internalization
Motivating the employees in the higher authority
Audit & Risk Management Systems
Special Incentives
Punishments
Almost Yes!! But there is very little that can be done for the
negatively motivated ones.
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Fraud & Theft
Theft:
Funds
Equipment
Machinery
Fuel etc. &
The Information
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Fraud & Theft
Why Information is treated as the Corporation’s
property & does not share it?
20
Insider Trading
What are the Disadvantages that Insider
Trading brings?
21
Insider Trading
Could it be curtailed?
22
The Islamic Perspectives
The Orthodox Approach
25
Thank You
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