IIARD International Institute of Academic Research and Development

JOURNAL OF LAW AND GLOBAL POLICY (JLGP )

E-ISSN 2579-051X
P-ISSN 2695-2424
VOL. 7 NO. 1 2022
DOI: 10.56201/jlgp.v7.no1.2022.pg21.29

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A Review of Ethical Financial Practices as A Panacea for Sustainable Organization

Olawale Bamigboye

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Abstract

Ethical issues have been one of the major challenges bedevilling financial practices across the world. This is in the midst of existing numerous financial regulatory structures acting as overseers to ensure validation and reliability of the practice, the profession, and its end products. This paper considering this germane and profound issues attempted to study how ethical financial practices will assist in the quest for integrity in the organization. Secondary data was used for the research and these were sourced from literature, peer reviewed article, accounting financial reports, financial decided cases, newspaper/magazines, internet, etc. The paper is segmented into: Abstract, Introduction; methodology; significance of the study; review of relevant literature; identification of ethical challenges facing financial practices in organizations; findings of the study; concluding remarks. The paper recommended the stakeholder’s engagement in Town Hall Meetings (THM) to ensure the continuity of financial ethical discussions, dialogue and reflection; prioritization of organizational learning, improvement, research and development; adoption and improvement of ethical policies, systems, and skills based on feedback, evaluations, and emerging challenges should be prioritized; partnership and collaboration to overcome obstacles and constraints related to the adoption of an ethical corporate finance inspired by philosophy, and the adoption and deployment of technologies and other relevant management tools.

keywords:

Ethics, financial Management, Organization, Stakeholders

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