An Analysis of the Invesco Corporate Ethics Statement and Corporate Social Responsibility Statement

1149 Words Jan 30th, 2018 5 Pages
As of the close of their latest fiscal financial reporting period of March 31, 2013, Invesco has $729.3B in assets under management (AUM), earning an adjusted operating income of $314M in their 4th fiscal quarter of the year, which results in an adjusted gross operating margin of 38.4% (Invesco Investor Relations, 2013). Invesco concentrates on generating a consistently positive increase in AUM across all three major business units, while also seeking to minimize risk to investor's capital. Invesco is also known for a series of scandals in the 1994, 1995 and most notably in the 2002 - 2003 timeframe. The Invesco scandal, combined with those of Enron, Tyco and many others, led to the creation and passage of the Sarbanes-Oxley Act of 2002 that requires greater financial disclosure on the part of publically-held American corporations (Zimmermann, 2005). Invesco was later singled out to pay damages to shareholders based on their involvement in several scandals, the most notable involved their Invesco Dynamics fund where fund managers provided information to friends and key stakeholders on market timing considerations, allowing them to earn a 110% return while…
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