...INSIDER DEALINGS AND THE PROBLEMS OF BUSINESS ETHICS IN THE BANKING INDUSTRY IN NIGERIA. BY Adegboye Folasade Bosede Department of Banking & Finance Covenant University Ota, Ogun state. Tel: 07032678252 e-mail:sadeadegboye@yahoo.com THIS PAPER IS TO BE PRESENTED AT: THE 8TH ANNUAL CONFERENCE OF THE NIGERIAN SOCIOLOGICAL SOCIETY AT TEMPRANCE HOTEL OFF THE BELLS UNIVERSITY ROAD OTA, OGUN STATE. DATE: TUESDAY NOVEMBER 25- THURSDAY NOVEMBER 27, 2008 ABSTRACT Professionalism in banking is violated when ethical or legal fundamentals are breached or blatantly disregarded. Ethics is a strong code of morality, which for an occupation such as banking, plays an important role in the well being of individuals, businesses, national and international economies. Unethical conduct manifests itself in various ways, including insider abuse, fraudulent dealings; irregularity/inaccuracy in rendition of reports, these are problems bordering on business ethics as evident in the Nigerian banking crisis. A multiple regression analysis was used and from the summary of the finding, we can infer that the consequences of insider dealing and problem of business ethics can be disastrous and could result in loss of confidence and trust in the industry, loss of business for the institutions, shareholders, board/management disputes, operational losses, distress of the sector, and liquidation of institutions, capital flight, and stagnation of the economy. INTRODUCTION Traditionally, the role of...
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...effectively did Elizabeth and her government deal with the problems they faced in the later years of her reign? Towards the end of Elizabeth’s reign she dealt less with problems of marriage and succession but more to do with rebellions that challenged her and her privy council’s rule, and financial and social issues. However her relationship with parliament was an issue throughout her entire reign. Elizabeth was somewhat effective when dealing with the social problems that occurred at the end of her reign. Elizabeth tried to prevent poor harvests which would gravely damage the economy and her popularity in the public with the ‘Book of Orders’ which attempted to prevent any poor harvests. This was ineffective in preventing the awful harvests in 1586-87 and in 1594-96. This led to riots in 1595. However, Elizabeth was then very effective in dealing with the riots as a consequence. In 1598 she passed a Poor Law act, which required all parishes to appoint overseers of the poor and provide relief, this also increased employment rates. This therefore increased her popularity and her relationship with parliament. Whilst Elizabeth was effective in dealing with the negative consequences involving the daily lives of her people, she as less effective at managing the financial problems, such as balancing her relationship with parliament to grant her subsidies and money spent during warfare. Elizabeth was less effective in dealing with finance. Due to the squashing of the rebellion in...
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...with problem solving. Dealing with different situations in our work place. When being faced with different types of problems concerning family, friends, children, employers or coworkers. When using the correct tools in solving different problems or even simple problems and finding solutions that will benefit everyone concerned. Critical thinking is gathering all the information needed to solve a problem the best way possible. Sometimes you will have to do research and speak with different people when dealing with problems involving employees. You may have to take an approach that will not seem logical but will be the best for everyone involved. Question 2: How do you define critical thinking? (Revise your earlier definition for critical thinking based on what you learned from this mission. Target Word Count: 50 words Actual Word Count: 115 words Critical thinking would be something that someone would use on a daily basis. Especially with problem solving. Dealing with different situations in our work place. When being faced with different types of problems concerning family, friends, children, employers or coworkers. When using the correct tools in solving different problems or even simple problems and finding solutions that will benefit everyone concerned. Critical thinking is gathering all the information needed to solve a problem the best way possible. Sometimes you will have to do research and speak with different people when dealing with problems involving...
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...Sudesh Amyan Mr.Taylor ENG 3U1 05/14/12 Dealing with Change Everybody has a hard time dealing with change. It’s no joke. Some go to the extreme to try and not make things change; others just cannot accept that it happened, while some people choose not to move on from it. In J.D. Salinger’s The Catcher in the Rye the main character Holden Caulfield, a troubled young man, is going through a tough time in life where everything is moving so quickly. He cannot accept the fact that he is becoming an adult and needs to start behaving as well as act like one. He constantly wants to be treated like an adult, but never acts like one. The reason for this is because he does not want to let go of his childhood. Dealing with change has been the issue he cannot seem to conquer. There are various images, symbols, and motifs that Salinger used in the novel that helps the reader realize that Holden is going through a tough time in life and cannot handle the fast paced. Overall the main problem with Holden is his trouble with dealing with change. There are many images in the book that Salinger used to make the reader come to a conclusion that Holden is having a hard time dealing with change. The movie theater, the museum, and the carrousel are just a few that were used in the novel. The movie theater is a strong image because basically that is the place where Holden goes to get away from everything. The movie theater is a place where he can escape reality and just relax from the fast paced...
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...Self-rating I always deal with problems derived from either customer or colleague. Even I think I am dealing with the problems, I realise that I did not dealt with the thing correctly and if I do, why is the problem there? So, in recognizing problems, I will try to remember where a thing I did wrongly started to emerge. When I get the root of the problem, I will try to use different kind of alternative solution for the problem that might occur in the future rather than the same solution I use that is causing me problem. Also, I will consult those who have bigger experience in dealing with that same field of problem and ask them the tips and method to tackle the problem. That is how I will improve my problem in recognizing and defining problems. Talking about using my verbal skills, I noticed that I managed to deliver my intended message clearly and precisely to my target receiver as the objective are to give maximum understanding to the listener. My orders, requests or speeches are short, quick and precise. The problem is that sometimes, I forgot to observe the norms and ethics in speaking and so I abandoned the value and relationship between parties when dealing. To overcome that, I will need to slow down and think precisely about the pros and cons of what I am speaking and try to get used to it. I will also think as if I am in their shoes as the receiving parties. “Practise makes perfect”. This quote will motivate me that, by slowing down and think about the possible...
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...to use government with the vending machine method/routine (as he puts it), while dealing with the rocket science issues of government (in other word, the complexities that we see today). To Kettl, there needs to be a greater level of accountability over the issues that are more complex. It almost seems like (at times) that no body knows who is in charge. This is due to the vending machine method trying to solve rocket science problems. As one could imagine, this creates a huge disconnect between the people and government, and an unraveling of the problems at hand. To make matters worse, we our rocket science problems are increasing every single day—terrorist, natural disasters, nuclear weapons, etc. There is a...
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...South Dade Gov. Center assignment. * Dealing with Customers. Customer service duties. Assisting handicap persons. Working closely with the police and South Dade Justice Center. Court House special assignment. * Child Support Court bailiff assistant * Family Court front desk. Security Officer (GSA) 04/2004 to 04/2008 Forestville Security Inc. Miami, Florida. * Reported and documented irregularities to ensure properties and people safety. * GSA Miami Dade County, South Dade Gov. Center. * Dealing with customers. Customer service duties. Assisting handicap persons. Working closely with the police and South Dade Justice Center. Court House special assignment. Security Officer 04/2002/ to 04/2004 Radisson Kendall Hotel & Suites Miami, Florida. Miami, Florida * Dealing with guest. Customer service duties. Problems solving as needed. * Serving on front desk duties. Acting as liaison between the owner and administration. * Patrolling the ground & premises. Documenting & reporting irregularities. * Working closely with police & Fire department. Citrus Inspector II 02/2000/04/2002 State of Florida. Department of Agriculture Miami, Florida * Making site visits to investigate possible Canker spread at the given sites. * Explaining procedures to home or property owner as needed. Troubleshooting. * Dealing with public/ Customer service duties/ problems solving as needed. Acting crew leader...
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...and teachers become very frustrated when they are dealing with a child that has behavior issues. In this essay I’m going to explain to you the purpose of early childhood educations and the different strategies that can be used when dealing with early childhood behavior problems. When you have an are dealing with a group of kids that are all different they all have to be handled in a different way. Having classroom management is having a discipline system those teachers’ parents and others that in the school has put into place to help stop the challenging behavior problems. When you have a behavior management in place you will spend more time teaching your kids and less time dealing with disruption in the classroom. When you are dealing with challenging behavior you have to be consistent with whatever rule or method that you have put into place for that child or children. When a child know that you are not being consistent with the method that you are using than they will continue to try test you and see what going to happen next so being consistent is very important when dealing with a child and challenging behavior. Being proactive when dealing with certain situations is very important because you will know how to deal with the problem when it has accrued. When you are being proactive with a child’s challenging behavior than you have a chance to gather all important information that is needed to deal with the problem and solve it. Know that being proactive is the...
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...COMMON PROBLEMS ENCOUNTERED BY BS CUSTOMS ADMINISTRATION PROFESSORS IN DEALING WITH CUSTOMS ADMINISTRATION STUDENTS IN PARTIAL FULFILLMENT IN THE SUBJECT OF ENGLISH 103 ARIEL ABELLA JOVET KING A. DIMACULANGAN AILEEN MEDRANO AMIR MISCIANO MARCH 13, 2012 CHAPTER I PROBLEM AND ITS SETTING I. Introduction Education is a continuing process that must if it is to be effective and especially beneficial, seek to develop all God given faculties and talents of the individual to their highest unfolding in order to make him an asset of his country and to the world community of which he is a part. (Dalisay B. Aguila at al.,1993) True to its commitment, Batangas State University has included the four year Bachelor of Science in Customs Administration course to meet the growing needs of the port community in Batangas and nearby provinces. All professions existing whether its agreeable or not noblest purposes for existing. This not excludes Customs. Generally, all professions only aim to serve and nothing else. Every man is striving for success and satisfaction, and in the process, problem may block and hinder the fulfilment of his goal. Whenever a goal oriented is blocked or whenever a need remained unfulfilled or a perplexity unresolved, there is a problem. This problem is inevitable. In every professor and student relationship they are not free from problems. These are some hindrances to feel them satisfy. Professor’s insight about problems...
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...as a problem at Green Mountain Resort and set a goal to fix the “problem” he realized. As Gunter enlisted help from a consultant he also became a mentor for the staff to change the turnover problem. As he worked with the consultant Gunter continued to be mentor but also became a coach within the organization. As Gunter and the consultant dug into the problem, they found the resort was setting the standard in training for the hospitality industry. This new found information was the shift in looking at turnover as a good thing instead of a problem. The hospitality literature: I believe the literature took on the role of a navigator. It identified the turnover as a major problem which needed to be addressed in the hospitality industry. The literature also makes several suggestions on how an individual can help to reduce or eliminate the effects of the problem. The consultant: In taking the role as the interpreter, the consultant interpreted the problem of turnover to Gunter and was able to change his perspective in a manner which actually helped solve the problem. Gunter now looked at turnover as a good thing because of image the resort had in the hospitality industry as a great place to get training for the bigger resorts. This was a great example of turning a negative into a positive. Interestingly enough, the case study tells us the consultant initially didn’t think he had anything different to offer Gunter. How did these assumptions influence prescriptions for dealing with...
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...Family Family and personal issues Managers face unique challenges when dealing with moral and ethical issues involving employees and their personal and/or family issues. These types of issues may change on a daily basis, especially when an employee is dealing with major illness or sudden accident in their personal life. Those are not the only issues dealt with on a continuous basis, but I believe they are major issues. At any one time people may face missing work due to a sick child, an elderly parent needing assistance, or being sick themselves. I have personally dealt with health issues which were sudden and serious. I was forced to be absent from my job for a month, and my employer has no one trained to do my work if I am absent. The result was a great deal of overtime and stress trying to catch up with missed assignments. A good manager would have trained other personnel to provide back-up coverage. I will explore this issue further in my example of an ethical workplace dilemma. In an economy that has forced both partners to work in order to provide for their family, managers face absentee employees on a regular basis. Pressure of just the main provider being at work while their partner stays at home and tends to the family very rarely exists anymore. Today we see families sharing responsibilities. Another potential ethical problem for managers is having employees who work more than one job to provide for their family. This may bring up a dilemma of loyalty...
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...The stuttering affected her life drastically and she saw it as a personal obstacle. But as she progressed in life, she realized that she should not try to get rid of this problem, but instead she needed to embrace it, live with it and most importantly, getting rid of the fear of it. That eventually caused her to be able to manage her stuttering problem. She took her own life example and applied it to other obstacles people might have such as writing with your left hand or stage fright. I find the resolution that Clare had on her situation to be quite interesting. The message she was trying to give off has the potential to affect the lives of many people, especially those who struggle with personal struggles in their lives. Dealing with your issues can be a great hassle, and it is always important for people to find more than one solution to any...
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...Communication at Work Professional communication is one of the most coveted skills in the workplace today. The number one cause of wasted work time and effort is poor communication. Poor communication not only contributes to wasted effort, but also causes frustration and poor employee morale in both the workers and managerial staff. Whether we are an individual performer, manager, or Vice President, effective professional interpersonal communication is an essential skill that will both ensure our stability in the corporation and the major indicator for our promotion. In this essay, we will discuss the principles and misconceptions of effective professional communication in the workplace, explain how perceptions, emotions, and nonverbal expression affect interpersonal relationships, and describe a systematic approach to guide us through interpersonal conflicts in the workplace. Principles of Professional Communication In today’s troubled economy, corporations are basing their future success and longevity on their business principles, conduct, and reputation. To build a solid reputation, they focus on integrity, business ethics, and a code of business conduct designed to make them stand out above the competition. The same basic principles hold true for the successful employee workforce. With interpersonal communications skills being one of the most coveted skills in the workplace today, each employee must focus on improving in this area. Integrity, respect, openness...
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...Examine the ways in which government policies attempt to deal with the problem of poverty (24marks) There are four approaches used to help deal with poverty these are the social democratic, new right, third way and Marxist. This essay will include the different ways in which the government policies attempt to deal with the problem of poverty. A Social democrats way of dealing with poverty is by offering universal benefits, which essentially means benefits that everyone is entitled to. This is useful when dealing with the problem of poverty because it creates no social stigma in receiving benefits. For example if there was no universal benefit than because people might feel humiliated of taking it as they don’t want to be labelled, which may discourage people of claiming benefits that they are entitled to. This is also proven by the low amount of people of taken up means benefits. In the 1980s no means benefits had more than 80% take up. The downfalls of universal benefits are that it creates a ‘benefit culture’ where everyone is depending on benefits as a way of living and don’t try and get out of it. This creates a poverty trap in society. Alternatively , the new right approach supports the means tested benefits which is suggests that benefits should only be restricted to those who are very poor and need it the most. This is useful when dealing with the problem of poverty because it’s cheaper than the universal and the government doesn’t waste its money as it’s only paid...
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...Aigerim Karimova Marketing, 11.816 Essay What are the opportunities in ethically dealing with customers? Do we really need ethically dealing with customers? Why? Can we have a deal with client without ethic? Where will it lead? I will try to give answers on these questions that you have read above in my essay. I would like to describe short stories which happened with my mom in the past. First story is about her job in travel agency as Tourism Manager. She worked in big company that had a lot of clients. A big amount of clients means high salary. Everybody knows that. There were a competition between workers; everyone wanted to have one or two rich clients according to whom they could not be afraid about salary and profit from selling. So, these travel agents forgot about ethics and openly told to poor or medium clients that they had nothing to offer them. It was awful. They fended off them as if from annoying flies. There was such situation as client came and worker cast him out just glancing at him. This client came to my mother and told her about such attitude. She was a top-manager and she was obliged to solve the problem. When I heard about this attitude to clients, who did not have enough money to order “VIP” tour, I was outraged. It’s unfair. I think that any kind of business it’s first of all service. These workers has a job, they should serve clients and earn money. Elementary, if they understand that client cannot pay for expensive journey, they should have...
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