One need only look at the news to be bombarded with examples of corporate malfeasance and the impact such behavior has on a company’s public image, customers, employees, and bottom line. And while these stories grab the headlines, some companies are adopting practices that display awareness of their impact on the globe, whether that be to the environment, its employees and suppliers, or communities in which they do business. What factors are leading to these decisions? What are the benefits and costs of making ethical business decisions and acting in a socially responsible way, however one defines it? Issues in Business Ethics and Corporate Social Responsibility explores these foundational themes across a wide range of topics, including artificial intelligence, workplace surveillance, supply chain management, big data, the finance industry, and many more. Coupled with a broad introduction by Dr. David Weitzner, a professor of management at York University, this book provides students with the essential information they need to assess business practices through the lens of ethical decision-making and corporate social responsibility.
Chapter 14: The Fiduciary Rule: Should advisers be required to put clients first?
The Fiduciary Rule: Should advisers be required to put clients first?
Should financial industry professionals be required by law to put their clients’ interests ahead of the size of their fees and commissions? That’s the thrust of a U.S. Labor Department regulation, known as the fiduciary rule, that was scheduled to take effect in April . The Trump administration called time-out and ordered a review just before the rule was to be implemented, leaving its status in question. Consumer advocates assert that the rule is necessary to protect investors from advisers who recommend products that pay ...