Retrieved from Australia securities & investment
Added on 2022-09-05
6 Pages2445 Words21 Views
I. INTRODUCTION.
Code of ethics is a guide of principles, as a "Constitution of Company" to guide
employee’s behaviour. An ethical document outlines a series of principles that
based on the core values of organization and influence decision-making. It works
on the basis of "treat others as you would like to be treated".
Crown Resorts is one of the largest entertainment groups in Australia. It is a major
contributor to the Australian economy. But according to the Australian Financial
Review has editorialised, the inquiry has revealed “a litany of extraordinary events,
remarkable management failures, a bullying culture and an appalling lack of
corporate governance.” Therefore, the code of ethics is very important to solve the
above problem. Which sets the highest standards of lawfully, ethically, honesty and
responsibility required of everyone at Crown Resorts Limited.
II. DISCRIMINATION.
1. Definition.
When a rule or policy is presented in neutral terms applies to everyone, but it has
disadvantages with some people. Or someone is treated unfairly or less favourably
than others because of their background or personal characteristics.
The discrimination can be based on a person’s:
- Age.
- Disability.
- Race, including colour, national origin or ethnicity or immigration status.
- Sex, pregnancy, marital status or relationship, family responsibilities or
breastfeeding.
- Sexual orientation, gender identity or intersex status.
2. Examples.
- Refuse to hire Aboriginal people even though they are appropriately qualified.
- Full-time workers can get a promotion, but part-time workers.
- Not paid in the same way a person doing the same job with the same experience
and qualifications because they are women or Asian people.
- Assigned impossible tasks.
- Co-workers don’t want to talk to gay people.
3. Rules.
We need to take responsibility for creating an open, safe and supportive
environment. To do that, we must ensure that discrimination does not exist in our
company by following the rules below:
- Have a disclosed anti-discrimination policy.
- Treating and supporting each other and customers with respect, without
discrimination. Our company will also protect the employees by not welcoming
the customers who have discriminatory behaviour with our employees.
- We must be fair in recruitment by setting out and follow the formal criteria that
are not about skin colour, ethnicity, gender ...
- To equity in pay and bonuses among employees according to position and
performance in work.
- Employees may terminate labour relations at any time and for any reason, as
long as it is legal.
Code of ethics is a guide of principles, as a "Constitution of Company" to guide
employee’s behaviour. An ethical document outlines a series of principles that
based on the core values of organization and influence decision-making. It works
on the basis of "treat others as you would like to be treated".
Crown Resorts is one of the largest entertainment groups in Australia. It is a major
contributor to the Australian economy. But according to the Australian Financial
Review has editorialised, the inquiry has revealed “a litany of extraordinary events,
remarkable management failures, a bullying culture and an appalling lack of
corporate governance.” Therefore, the code of ethics is very important to solve the
above problem. Which sets the highest standards of lawfully, ethically, honesty and
responsibility required of everyone at Crown Resorts Limited.
II. DISCRIMINATION.
1. Definition.
When a rule or policy is presented in neutral terms applies to everyone, but it has
disadvantages with some people. Or someone is treated unfairly or less favourably
than others because of their background or personal characteristics.
The discrimination can be based on a person’s:
- Age.
- Disability.
- Race, including colour, national origin or ethnicity or immigration status.
- Sex, pregnancy, marital status or relationship, family responsibilities or
breastfeeding.
- Sexual orientation, gender identity or intersex status.
2. Examples.
- Refuse to hire Aboriginal people even though they are appropriately qualified.
- Full-time workers can get a promotion, but part-time workers.
- Not paid in the same way a person doing the same job with the same experience
and qualifications because they are women or Asian people.
- Assigned impossible tasks.
- Co-workers don’t want to talk to gay people.
3. Rules.
We need to take responsibility for creating an open, safe and supportive
environment. To do that, we must ensure that discrimination does not exist in our
company by following the rules below:
- Have a disclosed anti-discrimination policy.
- Treating and supporting each other and customers with respect, without
discrimination. Our company will also protect the employees by not welcoming
the customers who have discriminatory behaviour with our employees.
- We must be fair in recruitment by setting out and follow the formal criteria that
are not about skin colour, ethnicity, gender ...
- To equity in pay and bonuses among employees according to position and
performance in work.
- Employees may terminate labour relations at any time and for any reason, as
long as it is legal.
If you are found to have a violation, you will be subject to disciplinary action with
the details in the enforcement below.
III. EXPLOITATION.
1. Definition.
Exploiting someone is to take advantage or tend to take advantage of them. It is to
use the vulnerability of another person or a group for one’s own benefit. However,
the benefit from the vulnerability of others is not always morally wrong - for
example, we do not criticize a man who plays chess for exploiting an opponent's
weaknesses in defences. In this case, exploitation is the act of taking the benefits
from work.
2. Examples.
- Crown Casino did not control tightly, facilitating millions of people to launder
money there.
- Exploiting migrant workers in Australia by taking advantage of visa’s working–
hour conditions to pay below the prescribed level of wages.
- Employees are not paid for overtime hours or paid a wage lower than the state
regulations.
- Employees are paid according to government regulations, but they are forced to
work continuously, and their rest time is cut down.
3. Rules.
- Establishing trade unions in our company to protect employees' rights and must
have a disclosed anti-exploitation rules.
- Everyone who works in the Crown Resort is obligated to comply with anti-
money laundering laws and must take action to condemn money laundering.
- Must have appropriate behaviour at work, must not use the position or
opportunity obtained from that position to get the benefit for themselves or
someone else.
- Must have specific regulations on salaries, reward and rest time for employees
and ensure strict compliance.
Please read the enforcement below for more information about exploitation.
IV. CORRUPTION.
1. Definition.
- Corruption is the dishonest behaviour of those in positions of power. They tend
to show an intention to improperly mandate and deliberately failing to perform
their functions.
- Bribery is an act of accepting, giving or agreeing to receive money or some other
valuable object in exchange for the corrupt act.
2. Examples.
- To get the advantage over rival companies, the company gives potential customers
a bribe.
- Taking advantage of the relationship or bribe the people who have the power in
the company for a promotion or get into work.
- According to Australia’s anti-corruption watchdog, the Department of Home
Affairs (DHA) had an agreement with Crown to “facilitate quick visa processing
the details in the enforcement below.
III. EXPLOITATION.
1. Definition.
Exploiting someone is to take advantage or tend to take advantage of them. It is to
use the vulnerability of another person or a group for one’s own benefit. However,
the benefit from the vulnerability of others is not always morally wrong - for
example, we do not criticize a man who plays chess for exploiting an opponent's
weaknesses in defences. In this case, exploitation is the act of taking the benefits
from work.
2. Examples.
- Crown Casino did not control tightly, facilitating millions of people to launder
money there.
- Exploiting migrant workers in Australia by taking advantage of visa’s working–
hour conditions to pay below the prescribed level of wages.
- Employees are not paid for overtime hours or paid a wage lower than the state
regulations.
- Employees are paid according to government regulations, but they are forced to
work continuously, and their rest time is cut down.
3. Rules.
- Establishing trade unions in our company to protect employees' rights and must
have a disclosed anti-exploitation rules.
- Everyone who works in the Crown Resort is obligated to comply with anti-
money laundering laws and must take action to condemn money laundering.
- Must have appropriate behaviour at work, must not use the position or
opportunity obtained from that position to get the benefit for themselves or
someone else.
- Must have specific regulations on salaries, reward and rest time for employees
and ensure strict compliance.
Please read the enforcement below for more information about exploitation.
IV. CORRUPTION.
1. Definition.
- Corruption is the dishonest behaviour of those in positions of power. They tend
to show an intention to improperly mandate and deliberately failing to perform
their functions.
- Bribery is an act of accepting, giving or agreeing to receive money or some other
valuable object in exchange for the corrupt act.
2. Examples.
- To get the advantage over rival companies, the company gives potential customers
a bribe.
- Taking advantage of the relationship or bribe the people who have the power in
the company for a promotion or get into work.
- According to Australia’s anti-corruption watchdog, the Department of Home
Affairs (DHA) had an agreement with Crown to “facilitate quick visa processing
of short-stay visas” for its high-net-worth clients, as it did with many
international companies.
- Act of unlawful conduct to get benefits and against the interests of the company,
such as helping customers to launder dirty money.
3. Rules.
- Have a disclosed anti-corruption and bribery policy.
- Employees can only receive gratuities from customers who follow the policies,
must report to their supervisor or HR manager if they accept the gifts or tips
with a value of more than AUD$100.
- When a conflict of interest occurs, must have a responsibility to avoid that
situation by avoiding participating in business decisions when it involves the
interests of friends or family.
- Not giving bribes or accepting bribes from anyone, at any time, for any reason.
You must commit to comply with all anti-bribery laws.
Corruption will be disciplined, and please read the enforcement below for more
information.
V. DISHONEST AND FRAUDULENT BEHAVIOUR.
1. Definition.
- Dishonesty is to act without honesty. It is used to describe inaccuracy, fraud,
lying, or knowingly withhold information, or knowingly deceiving or lack of
integrity, dexterity, wisdom, corruption or treason.
- Fraud is an intentional act of deception intended to provide the perpetrator with
an illegal benefits. Tax fraud, bankruptcy fraud, securities fraud can be the types
of fraud. An individual, a group of people or a company can make fraudulent
activities.
2. Examples.
- The Crown was dishonest and ignored the money laundering activities of
organized crime.
- Cheating in gambling.
- The accountant falsified the financial reports to cheat the money.
- Theft or unauthorized use company’s equipment and tools.
- Lie about qualifications.
- Falsify or manipulate information.
- Deceive or manipulate trusted individuals to obtain or change information.
- Dishonest in advertising.
3. Rules.
- Have a disclosed code of conduct for dishonest and fraudulent behaviour
- Not engaging in any business activity or decision that is fraudulent or
incompatible with Crown system.
- The company must act ethically and responsibly include dealing honestly and
fairly with suppliers and customers, being honest in advertising products and
services.
- Do not make any false or misleading statements.
- Do not manipulate information or misinterpret facts.
- Be honest and act with integrity in all aspects.
- The HR department must be honest and have a strict recruitment policy.
international companies.
- Act of unlawful conduct to get benefits and against the interests of the company,
such as helping customers to launder dirty money.
3. Rules.
- Have a disclosed anti-corruption and bribery policy.
- Employees can only receive gratuities from customers who follow the policies,
must report to their supervisor or HR manager if they accept the gifts or tips
with a value of more than AUD$100.
- When a conflict of interest occurs, must have a responsibility to avoid that
situation by avoiding participating in business decisions when it involves the
interests of friends or family.
- Not giving bribes or accepting bribes from anyone, at any time, for any reason.
You must commit to comply with all anti-bribery laws.
Corruption will be disciplined, and please read the enforcement below for more
information.
V. DISHONEST AND FRAUDULENT BEHAVIOUR.
1. Definition.
- Dishonesty is to act without honesty. It is used to describe inaccuracy, fraud,
lying, or knowingly withhold information, or knowingly deceiving or lack of
integrity, dexterity, wisdom, corruption or treason.
- Fraud is an intentional act of deception intended to provide the perpetrator with
an illegal benefits. Tax fraud, bankruptcy fraud, securities fraud can be the types
of fraud. An individual, a group of people or a company can make fraudulent
activities.
2. Examples.
- The Crown was dishonest and ignored the money laundering activities of
organized crime.
- Cheating in gambling.
- The accountant falsified the financial reports to cheat the money.
- Theft or unauthorized use company’s equipment and tools.
- Lie about qualifications.
- Falsify or manipulate information.
- Deceive or manipulate trusted individuals to obtain or change information.
- Dishonest in advertising.
3. Rules.
- Have a disclosed code of conduct for dishonest and fraudulent behaviour
- Not engaging in any business activity or decision that is fraudulent or
incompatible with Crown system.
- The company must act ethically and responsibly include dealing honestly and
fairly with suppliers and customers, being honest in advertising products and
services.
- Do not make any false or misleading statements.
- Do not manipulate information or misinterpret facts.
- Be honest and act with integrity in all aspects.
- The HR department must be honest and have a strict recruitment policy.
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