Corporate Governance, Accountability and Ethics in Goldman Sachs
Corporate Governance, accountability and ethics in Goldman Sachs
1. Introduction
The greatest modern financial crisis is still unraveling the aftershocks now I feel is the most serious in Europe. In fact, the lifting of the mortgage crisis in the United States and bankruptcy homeowners damaged in progress, but is no longer news. The ultimate responsibility of the crisis, the responsibility of the nature and extent of the problem has not been a satisfactory answer. Therefore, the community has finally improved, responsibilities more solid. It involves the practice of, and vigorously promote low-quality products to customers of big banks, while hedging bets on their own account in the opposite direction. Crime here, is not hedged, but the lack of transparency to customers. Asked to assume greater responsibility and market regulators and government officials, as well as the Board of Directors of the Company, has been a positive impact of the financial crisis. Place to ensure duty-bound, and that corporate responsibility is indeed hope that the Board of Directors and the field of market regulation will be a lasting crisis. Clear from the lessons of the financial crisis has moved from the board of directors of the CEO and the Executive Board to shirk its responsibility for the operation of enterprises and survival. The responsibility of the enterprises has laid a lot of executives. The focus of governance is to provide appropriate security and protect shareholders' interests. This pressure led to the revolution of the economic value added, does not seem any security for many investors. The problem is that the lack of transparency to the business by the Board. It is this transparency, to provide the Board with sufficient confidence, it is recommended that the projections will be achieved. This essay will examine some of the Goldman Sachs’ corporate governance principles with specific regards to code of conducts and principles of responsibilities. 2. Corporate
1. Introduction
The greatest modern financial crisis is still unraveling the aftershocks now I feel is the most serious in Europe. In fact, the lifting of the mortgage crisis in the United States and bankruptcy homeowners damaged in progress, but is no longer news. The ultimate responsibility of the crisis, the responsibility of the nature and extent of the problem has not been a satisfactory answer. Therefore, the community has finally improved, responsibilities more solid. It involves the practice of, and vigorously promote low-quality products to customers of big banks, while hedging bets on their own account in the opposite direction. Crime here, is not hedged, but the lack of transparency to customers. Asked to assume greater responsibility and market regulators and government officials, as well as the Board of Directors of the Company, has been a positive impact of the financial crisis. Place to ensure duty-bound, and that corporate responsibility is indeed hope that the Board of Directors and the field of market regulation will be a lasting crisis. Clear from the lessons of the financial crisis has moved from the board of directors of the CEO and the Executive Board to shirk its responsibility for the operation of enterprises and survival. The responsibility of the enterprises has laid a lot of executives. The focus of governance is to provide appropriate security and protect shareholders' interests. This pressure led to the revolution of the economic value added, does not seem any security for many investors. The problem is that the lack of transparency to the business by the Board. It is this transparency, to provide the Board with sufficient confidence, it is recommended that the projections will be achieved. This essay will examine some of the Goldman Sachs’ corporate governance principles with specific regards to code of conducts and principles of responsibilities. 2. Corporate