Global Financial EthicsProject B Response To A Movie Coursework

Global Financial EthicsProject B Response To A Movie Coursework Global Financial EthicsProject B: Response To A Movie â€" Coursework Example > @ 2011Global Financial Ethics Project B: Response to a movieIntroductionMoney Never Sleeps sets sights on the orchestrators of today’s global financial crisis through a strong melodrama, recounting shameful government bailouts for unclean business plans. Jake’s love for Winnie, his unwillingness to commit outright felonies, and his idealistic backing of a fusion-power company for a greener world make him a better hero than the easily corruptible and shallow Fox character (Muller 2010). Proper governance in the corporate world is unavoidable for its growth. Each and every shareholder group need to put into practice of good corporate governance in business corporations. Anything other than this can lead to the breakdown of corporate organizations. Therefore, every undertaking of these corporate organizations must carry out activities that are only legal. They help to maximize the value of the shareholders in the cleanest manner possible. The movie sets sight on the orchestrators of today’s global financial crisis through a strong melodrama, unfolding disgraceful government bailouts for unclean business tactics. There are a variety of concepts of corporate governance. Some of the main concepts of corporate governance include; the agency theory, the stewardship theory and the stakeholder theory (Daniel 2011). There is a scene where Jake is shown sitting at his working desk, watching Keller Zabel Investments stock crashing more than 30% in one day. The managing director, Louis Zabel holds a meeting with the chiefs of key financial institutions and the Secretary of the US Treasury at the Federal Reserve Bank of New York. He attempts to organize a bank bailout for Keller Zabel Investments, but his efforts are blocked by Breton James, the Chief Executive Officer of an imaginary firm called Churchill Schwartz, that Zabel had refused to bail out eight years earlier. The major approach under the agency concept is the explanation and facilitation of market metho ds that can moderate the agency hitch. It aspires to find a well-organized market for corporate control, management labor and corporate information. In this connection, the management takes the costs of its own bad behavior. This will as a result generate motivation for self-control (Solom 2004). The theory criticizes Zabels behavior. For one, we can see that he has become very disappointed with the corporate business. He is so disappointed to a point that he does not comprehend how he can be told a loss is a profit. Considering that he is the managing director of Keller Zabel Investments, he ought to maintain his calm in the particular rough patch that his company is undergoing. Agency theory shows that corporate organizations should be managed in the interest of the stakeholders. There is definitely no way that the company shareholders would have stomached the fact that their managing director, who they have assigned the task of controlling the company’s undertakings on their b ehalf, was giving up so easily (Daniel 2011). The agency theory perceives the head of a company being an agent of the stakeholders. Therefore, any action or decision that he or she takes should be guided by the shareholders’ wishes. It is possible for corporate companies to maximize the wealth of the stakeholder in an agency theory and the same time fulfills a wide range of shareholder desires. Zabel should have come up with a way with a way like this. This can be attained by adjusting the agency theory and slotting in stakeholder-oriented approach which aids to accommodate the broad variety of shareholders’ wishes and welfare. The theory encourages the separation of decision-making and risk bearing to control the problems of the agency. The following morning, Zabel wakes up, goes down to the subway, and, as a train pulls in, he jumps on the tracks, killing himself (Daniel 2011).