Street Smarts: Linking Professional Conduct with Shareholder Value in the Securities Industryby Roy C. Smith, Ingo Walter
On Wall Street,the pressure to perform and the ethical dilemmas that accompany it did not fade away with the 1980s. As recent headlines attest,criminal proceedings,regulatory complaints,and customer litigation continue to affect the public's perception of the banking and securities industries. Street Smarts is a forceful call to action for Wall Street leaders to restore the industry's reputation for high professional standards. The authors examine corporate and individual conduct in financial institutions and markets to identify the major ethical issues confronting the securities industry,including market rigging,insider trading,whistle-blowing,and conflicts of interests. Based on their years of experience on Wall Street,Smith and Walter urge firms not to rely on regulatory or compliance commissions but to create an environment in which each firm defines appropriate actions and individual managers take responsibility for shaping and upholding the standards through employee development. Nothing less than the future of the industry is at stake. Street Smarts will help bankers,securities analysts,traders,and investors understand what needs to be done now to invest in an open,responsible culture that creates long-term value and higher returns.
- Harvard Business Review Press
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- Product dimensions:
- 6.48(w) x 9.51(h) x 1.29(d)
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