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JPMorgan Chase & Co

   

Added on  2021-04-16

11 Pages1971 Words324 Views
Running head: BUSINESS ETHICS0Business EthicsJPMorgan Chase & Company

BUSINESS ETHICS1Table of ContentsIntroduction................................................................................................................................2JP Morgan Chase & Co..............................................................................................................3Code of Conduct and Ethics...................................................................................................3Corporate Social Responsibility (CSR).................................................................................3ESG Information....................................................................................................................4News Stories regarding JP Morgan Chase and Co.....................................................................4SEC database for Ethical Violations..........................................................................................5Conclusion..................................................................................................................................7References..................................................................................................................................8

BUSINESS ETHICS2IntroductionThe United States Securities and Exchange Commission (SEC) is a governmentagency which is responsible for overseeing activities such as securities transactions, mutualfund trading, preventing securities fraud, intentional deception and actions of financialprofessionals (SEC, 2018a). This report will make an ethics profile of JP Morgan Chase &Co which is the largest banking firm the United States. This report will evaluate the code ofethics, ESG information and corporate social responsibility policies provided on the websiteof the company. Secondary research from news stories regarding the company’s ethics willalso be included in the report. Further, the database of SEC will be analysed to determine theethical violations made by the corporation.

BUSINESS ETHICS3JP Morgan Chase & CoThe predecessor of the company “Bank of the Manhattan Company” was founded in1799, and the firm rebrand itself as JP Morgan Chase & Co in 2000. The headquarters of thecorporation is situated in New York, United States. The firm operates in banking andfinancial services industry, and it is world’s sixth largest bank in terms of total assets. Theenterprise offers its services across the globe with assistance from more than 250,000employees (JP Morgan Chase, 2018a). The subsidiaries of the corporation include J.P.Morgan Cazenove, Chase Bank, JP Morgan & Co, One Equity Partners and others.Code of Conduct and EthicsThe code of conduct provides different rules and principles which are followed by thefirm’s executives and employees while making business decisions. The Code emphasised onthe company’s integrity, and the firm focuses on taking ethical actions in order to maintaintheir reputation in the market (JP Morgan Chase, 2018b). JP Morgan has established a Codeof Ethics for Finance Professionals which promote the honest and ethical conduct of theprofessional by adhering to the law. While maintaining financial books and accounts andpreparing financial statements, the codes are followed by professionals in order to avoid legalconsequences. The code of ethics provided by the firm is supplementary, and they did notoverride Employee responsibilities and obligations (JP Morgan Chase, 2018c). Violation ofthese policies results in immediate dismissal of the employee. These ethical policies apply toconduct and reporting requirements of executive officers of the firm as well.Corporate Social Responsibility (CSR)JP Morgan Chase has established a unique corporate responsibility approach bycombining a data-driven, strategic focus with different inputs in order to create a lastingimpact on the society. The firm implements global initiatives that focus towards inclusivegrowth, long-term bets, and making big decisions by leveraging the firm’s resources,presence and talent (JP Morgan Chase, 2018d). The four key factors of inclusive growthinclude Jobs and skills, Neighbourhood Revitalization, Financial health, and Small businessexpansion. The company achieve these goals by leveraging its core business, delivering dataand analysis, investing capital, fostering collaboration and providing skills and expertise (JPMorgan Chase, 2017).

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