Ethical Behaviour and Corporate Governance in Global Financial Services Industry

Ethical Behaviour and
Corporate Governance

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
TASK 1............................................................................................................................................3
Evaluate the impact of financial reporting on stakeholder of Lloyds banking Groups...............3
TASK 2............................................................................................................................................4
Analysing governance law in global finance industry.................................................................4
Task 3...............................................................................................................................................6
The importance of business ethics and corporate governance in the global financial services
industry........................................................................................................................................6
Task 4...............................................................................................................................................7
Evaluation of CSR Policy............................................................................................................7
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................1

INTRODUCTION
Ethical behaviour refers to the moral values or the set of rules and regulation that
company offer in order to deliver support, safety and show concern toward different people
associated with the organization. The presented report is based on the organization Lloyds
Banking Groups in which the report will examine the importance of ethical values and the
corporate governances. Apart from that the report involve the analysation of governance law in
adequate manner.
MAIN BODY
TASK 1
Evaluate the impact of financial reporting on stakeholder of Lloyds banking Groups
The annual reports of a company contain financial information which are published
periodically and Lloyds Banking Groups is also liable to provide financial information to all the
various stakeholders at the past reporting period. The rationale for providing information to the
company’s stakeholder is such that to let them understand what the company is doing and to
determine the company has earned more money than they spent. Moreover, the stakeholder of a
company requires financial information in order to make decision about a firm which in turn
assist to create to present their views in order to attain the success (Sierra-Garcia, Garcia-Benau
and Bollas-Araya, 2018). Lloyds Banking Groups is operating at global level and that is why,
there are internal and external stakeholders who actually present their views in order to create a
better outcome. For example, directors and Managers of a company are keen interested in the
financial reporting and it create a positive impact over the stakeholders because they make
dividend decision about the firm and establish the goals by analysing the financial performance
of a company. Therefore, with the help of financial report, company can increase its productivity
level by strengthen the control of procedures.
On the other side, shareholder of the company also gets a direct impact from the financial
information such that they determine the going concern of a firm and also compare their
investment as well as their benefits within a firm. It is important for the company as it helps in
providing a snapshot of corporation financial health as well as insight of the performance, cash
flow and overall conditions. The shareholders require financial statements to make informed
about the decision of investment specifically at the time to vote on corporate matters. It is