."To survive and prosper in the world of modern banking, it was necessary to embrace the system of bonuses and the all-consuming sales-driven incentive programs.

In his interim report, the royal commissioner identified the root cause.

"Too often, the answer seems to be greed the pursuit of short-term profit at the expense of basic standards of honesty. How else is charging continuing advice fees to the dead to be explained?" the royal commissioner wrote.

Early on in the hearings, the Big Four banks and AMP reluctantly admitted they had deliberately charged fees without any intention of delivering services. All up, they reckoned it amounted to around $220 million between them......"

Required:

Considering the above interview, analyse the ethical implications of a corporate objective of 'maximising shareholder wealth' in banks and its effect on broader society