Financial industries should always set

I need a reply to the discussion post. Needs to have an in-text citation and should be approximately 2-3 paragraphs with an open-ended question to my fellow student. This does not need a title page, and one reference is sufficient. Mr. William S. Demchak, Financial industries should always set standards for providing services with complete customer focus. If rules aren?t targeted, goals cannot be achieved. Motivation is required when obtaining a prevailing culture of ethics, so that PNC Financial Services Group Inc. can provide a truthful reputation. Without using honest numbers in accounting and operations, lower profits are inevitable. LRN states, ?Acting ethically is everyone’s responsibility and needs to be emphatically reinforced and rewarded within and beyond the walls of an organization. A company’s reputation is only as strong as the weakest member of its supply chain, including vendors, partners, and ventures. It’s important to engage this broader community in a commitment to ethical standards? (LRN 2006). PNC needs to remain responsible in business conduct, and one of the ways the company can achieve this is by increasing internal reviews. As directors presently change, their expertise and guidance are needed to abide by laws and regulations. New members, such as Lina Medler and Martin Pflinsgraff, will lead PNC to higher profits through ethical consultation and supervision. When PNC builds sustainable ethics, the community ties are greater. Without acting to prevent further incidents, client trust is questioned. To increase customer retention rate, using technology is critical for the organization to run an efficient compliance process. Patricia Sabatini reports, ?The suit, filed in federal court in Pittsburgh last week, contends PNC employs a scheme to maximize fees when borrowers fall behind in their mortgage payments. Specifically, the suit claims PNC repeatedly charges delinquent mortgage customers for ?unreasonable and inappropriate? drive-by property inspections? (Sabatini, 2017). PNC?s ethical leadership begins with reinforcing standards and laws. Internal and external reviews will play a role in managing risk. Greater oversight will allow for a healthier ethical business, resulting in strong profits. Education and training can also have positive outcomes in acknowledging risk sooner, as well as investigating suspicious operations. Better transparency will diminish questionable behavior, and more consumers will want to purchase PNC?s products and services. References LRN. (2006). New research reveals business impact of ethics, signals the importance of ethical corporate cultures [Press release]. Sabatini, P. (2017, November 10). PNC being sued over mortgage servicing practices. Retrieved February 07, 2018, from http://www.post-gazette.com/business/money/2017/11…

Don't use plagiarized sources. Get Your Custom Essay on
Financial industries should always set
Just from $13/Page
Order Essay
Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency

Order your essay today and save 15% with the discount code ESSAYHELP