Table of ContentsLegal IssuesBalanceWhistleblowersEthics is a principle based on doing what is right. These are the moral values ​​by which an individual or business operates. The company must act ethically until it achieves ultimate success. A history of doing good things helps strengthen the organization's selling point and reputation in the community. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay Ethics is morally valued, but it is supported by legal consequences for failing to follow certain guidelines. Most people didn't care much about the effect of ethics on business until the fall of Enron in 2001 and 2002, but every financial manager needs to be regularly educated on ethics. The ethics of a financial director must be above any approach. This is about more than just acting honestly and honestly. This means establishing boundaries that prevent professional and personal interests from appearing to conflict with the employer's interests. The CFO must provide competent, accurate and timely information to the company that fairly presents potential disclosure issues, such as legal ramifications, at all times. The manager is ethically responsible for protecting the employer's trust and remaining within the bounds of the law. Legal Issues Some laws are specifically designed to combat unethical actions by financial managers. For example, if a financial manager knows about business activity that will affect the price of a stock and uses that information to buy or resell shares for financial gain, he has broken his employer's trust and violated laws established by the Securities and Exchange Commission (SEC). SECOND). A financial manager who is aware that his or her company is at risk of breaking the law may be held legally responsible for a crime. Balance The dilemma many CFOs face is balancing the need to act ethically with meeting the needs of the employer. The employer's ultimate goal is to maximize revenue, and the desire to make money can cause an employee to act unethically. If a manager feels that their company may have crossed an ethical line, their first step should be to report this to their employer. If he believes the actions warrant legal intervention, he must do so without fear of retaliation. Keep in mind: this is just a sample. Get a personalized document from our expert writers now. Get a Custom Essay Whistleblowers If a discussion with an employer does not resolve the issue. ethical issues that a financial manager faces, he or she may report the activity to the appropriate government agency for investigation. This is called whistleblowing. Under current laws, an employee has the right to report suspicious activity without fear for their employment. Even if this activity can put a strain on his working relationships, he is protected by law..