Walter Warburg & Co., a new investment banking firm, has dismissed the idea of establishing a code of ethics for its employeesWhich of the following consequences is most likely to take place as a result of this decision?
a. Increased risk of unethical behavior and potential scandals within the firm
b. Decreased trust and confidence from clients and potential investors
c. Difficulty attracting and retaining ethical employees
d. Negative impact on the firm's reputation and potential legal consequences