It or she should investigate and track business

is not ethical for tobacco companies to sell a product that is known to be
addictive and a danger to the health of its users. Financial managers are
expected to be conversant with business ethics, what they are and their
significant impact on the business. In the event that the company gains
negative publicity because of its product lines such a s tobacco, then a
financial manager’s principle task becomes to save the business without loosing
the company. Carlos Ghosn acknowledges that it is an extremely delicate role to
protect the identity of the company at the same time the self-esteem of the
people working in it (Parsons
A financial manager needs a precarious balancing act to be able to make change
and restore the company through making relevant changes to safeguard its

financial manager is ethically responsible for safeguarding the employer’s
confidentiality while operating within the set laws. When this situation is looked
at from a legal perspective, if the financial manager was aware that the
company was breaking the law by producing substances that are of a destructive
nature to the environment and the human body, then he would be held accountable
and responsible. Therefore, before officially responding to this issue, the
financial manager should look for any laws that the company may have knowingly
crossed before addressing the public. There have been many ethical disasters
where financial managers have plunged their companies to the ground because of
not researching on the ethical dilemma being faced (Schaltegger, and Marcus 250).
For instance, it will take years for Wells Fargo to recover because of the
conflicting and contradictory responses given by the management when trying to
solve their systemic corruption scandal.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

financial manager is responsible for compliance, hence he or she should
investigate and track business procedures since it was set up to rule out any suspicion
of their products being a danger to human health. Approvals from various health
organizations should shield the business and its operation unless the terms are
changed (Parsons 320).