What does it mean to say that managers should maximize shareholders’ wealth “subject to ethical constraints

What does it mean to say that managers should maximize shareholders’ wealth “subject to ethical constraints

For questions 1-1 should be a total of 350-400 words.

1-1a What does it mean to say that managers should maximize shareholders’ wealth “subject to ethical constraints”?

1-1b. What ethical considerations might enter into decisions that result in cash flow and stock price effects that are valued lower than they might otherwise have been?

For 1-2 questions should be a total of 350-400 words and support your rationale with at least one citation from the literature.

1-2a. What role do primary financial markets play in our economy?

1-2b. What role do secondary markets fill?

1-3c. Describe the relationship that exists between financial institutions and financial markets and suggest a method in which this relationship can run more smoothly.