Analysis of Code of Conduct of National Australia Bank
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This analysis explores the code of conduct of National Australia Bank, covering topics such as discrimination, exploitation, corruption, and more. It highlights the bank's commitment to ethics and enforcement.
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Running head: ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Analysis of Code of Conduct of National Australia Bank Name of the Student Name of the University Author’s note
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1ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Executive summary The objective of the report to explain the code of conduct of the national Australia bank .The report comprises the details of the facts based on which the bank frame diverse strategies in order to stop the happening of any untrue action in the bank. The code of conduct guides the staffs how to behave with other workers and the stakeholders of the bank. The code of conduct of the bank is the prelude, which contains all the rules and regulation that all the employees has to follow. Table of Contents
2ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Introduction................................................................................................................................3 Discussion..................................................................................................................................3 Discrimination............................................................................................................................4 Exploitation................................................................................................................................7 Corruption..................................................................................................................................8 Dishonest and fraudulent behaviour...........................................................................................9 Whistleblowing protection.......................................................................................................10 Enforcement.............................................................................................................................10 Conclusion................................................................................................................................10 Reference..................................................................................................................................11
3ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Introduction One of the biggest bank in Australia is the National Australia bank which serves the people of Australia for many years. The main aim of national bank of Australia is to make positive economic social and environmental contribution to society, which is related with the values of morality, truthfulness, equality and esteem. The board of the national bank of Australia has adopted a ethical code of conduct that provide a set of guiding moralities that are to be followed by all the employees of the national bank of Australia and any act against thatemployees will be held responsible. The employees of national bank of Australia are expected that they will act constantly with the values of the code of conduct. Discussion The commitments of the National Australia bank are stated below Professional code of conduct Morality truthfulness and equality Organization of conflict of interest Lawful and controlling outline Secrecy and confidentiality requirement The code of conduct contracts with the subsequent features of the employee. The employees are the strength of the bank. The company always look after the fact that the employee’s behaviour does not hurt the customers and does not breach the code of conduct of the company. The following issues that are related with the behaviour of the employee are stated below:
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4ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Discrimination Exploitation Corruption Dishonest and fraudulent behaviour Whistle-blower protections Enforcements Discrimination The workers of the bank always conscious of the fact that they does not make any discrimination regarding issues like racialism, philosophy or educational background or sexual category biasness. The workers should not discriminate both with the customers as well as with other workers. All the workers should be preserved with equivalent position and no one should be underprivileged from any services. If it is found that, any worker discriminate with any other worker or with the clients then severe actions will be taken in contradiction of such employee. Australia being a country with numerous culture and diversity individuals with dissimilar class and background stay here. The national Australian bank being a largest employer in Australia it also hires individuals of dissimilar class and philosophy so the atmosphere within the bank is also much expanded. People of dissimilar class and community work in the same place and in that situation, it is common that any particular employee may feel that he or she has been distinguished for any precise reason(Tourani Adams and Serebrenik 2017). Discrimination in work place can be of different form some of the type or nature of discrimination are stated below
5ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Gender discrimination Discrimination on the basis of gender biasness has become one of the major issue in the entire work environment all around the world. The bank has created a strong rule regarding sex perception. There should be no perception among the male and female employees of the bank all of the employees should be treated similarly. Gender biasness should not exist in the working environment of the bank(Nair and Vohra 2015). Age discrimination: It is often found that the elder employees by taking the benefit of their knowledge discriminate the subordinate employees. The age obstacle become a major matter in that case. Staffs of young age feel it hard to cope with the middle-aged employees and that create communicationgapamongthem,whichgeneratesdifficultyintheoperationofthe bank(Ruggset al2015). Qualification discrimination Discrimination based on qualification is a key delinquent in the banking sector. People with various qualification works in the bank so bank has allocated different people on various position in agreement to the qualification. As such the bank has been able to control the issue of discrimination on the basis of the qualification(Matsushima Ohkawa and Inoue 2016). Race or colourdiscrimination The bank has stringent code of conduct that any discrimination on the ground of racism will be strictly controlled. The problem of racism has become a major issue for all the companies in the whole world. Racism has become a major issue as people with various
6ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK communal stay in Australia they have diverse culture and altered origin so the issue of racism has become a major problem in the working environment of the bank. Racism is treated as a illicit offence in Australia so if any employee is found guilty for the discrimination on the ground of racism to any other employee or customers will face strict penalty and in that case the worker may lose his or her job. The company has made it obligatory for all the employees to act courteously and never engage in any activity that encourage racism(Noon 2018). Physical disability discrimination People with infirmity also works in the bank and they face diverse issues from the other employees. The establishment has made strict code of conduct, which ensure that strict actions will be taken if any one founds guilty of discrimination on the issue of physical incapacity. The code of conduct of the bank states that the company will not bear any kind of issue that is associated with the discrimination with any employee who is physically challenged(Meyeret al2016). Religion discrimination The code of conduct of the bank states that no religious discrimination cannot be made in the work place. People of unlike religion works in the bank so it is predictable that all the workers should work with harmony. The code of conduct also states that the staffs should not make any discrimination with the customers of dissimilar belief also(Howell 2015). Caste discrimination Employees of dissimilar caste works in the bank so the bank is embraced of people of dissimilar caste and community. The bank also made a code of conduct that protects the employee from caste discrimination. The discrimination on the basis of caste has become a major problem for the national Australia bank(Lucifora and Vigani 2016).
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7ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Exploitation It is the duty of the employer to inspire and give rewards to the employees. The employees should not feel oppressed because once they feel exploited they will lose interest in the job and that will create problem on the actions of the bank. The bank has made separate code of conduct to prevent exploitation in the work place(Hasford 2016). The major signs of exploitation in the workplace based on which the code of conduct has been made are narrated below: Delay in payment of salary The main signal that indicates that the employee is feeling exploited is delay in salary and other incentives. The salary is the main incentive for the employee to work in the organisation so the bank’s code of conduct specifically state that the employees will get their salary on the scheduled time and date(Scheitle and Ecklund 2017). Sexual provocation Sexual provocation has become a major issue which specifies that the employee is feeling exploited. The code of conduct stringently statuses that if any staff of the bank complains that he or she has been sexually exploited then a separate commission will be formed to scrutinize the case and then actions will be taken against the specific employee. A distinct commission will look after the case and after hearing both the gatherings, the committee will give their opinion and the action will be taken against the employee based on the decision of the committee. Sexual harassment become a problem in the work place for which very strict rules has been accepted by the company and the governments of every country(Ashe and Nazroo 2017).
8ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Politics in the work environment There are people of different minds and characters in an organisation and that leads to the rise of office politics in the work place. An employee may feel oppressed by the action of any specific people or by any detailed group of people. In such condition, the particular employee feel demoralized and lose the motivation to work. The national Australia bank has made a code of conduct that contains that the bank will not tolerate any such activity that exploits any employee and results in raising obstacle for the operation of the bank(Fernandes and Bornia 2019). Corruption The bank has taken all the responsibility for prevention of fraud and corruption. The fraudulent activity means dishonest actions or intentionally complicated in the dishonest act, which causes potential monetary loss or loss of any wealth of the customer. Some of the corrupted activity are stated below: Money, data or property has been stolen. Deliberately hiding or destroying documents Annoying to affect others by giving inducement. The bank has made it essential for the staffs to declare any action, which may encourage corruption, which results into the damage of the bank’s standing. The bank has the reputation of fair and translucent image in the country and it will never want to do anything that will damage that image. In order to stop the employees from supporting any corrupted practice the bank has made a separate code of conduct for the employees. The code of conduct states that in case any employee encourage any activity which results in to fraud and causes harm to the property of the customers then strict actions will be taken against that employee and that employee will lose his or her job(Goodfellow and McFarlane 2018).
9ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK The bank has also made a distinct code of conduct for the customers which states that if anycustomer attempt to give bribe to any staff of the company to get some undue advantage then in that situation the customer will also be responsible for such act and will be liable for reprimand(Joneset al2017). Dishonest and fraudulent behaviour The dishonest and fraudulent behaviour of employees are not tolerated by the bank. The code of conduct of the bank states that if any employee has been found guilty for any fraudulent act and that grounds in the damage of the reputation of the bank then the bank will take essential action in contradiction of such employee. Some of the dishonest activities of the employee are stated below; Conflict of interest: if any employee is found guilty for any activity that results in the conflict of interest will be liable for punishment. The actions that are considered as conflict of interest are stated below; Private relationship with customers Contemporaries Product providers and any otheractionsthatinfluencethebusinessrelationshipwith thedutiesof the employees. Disputed compensation If any employee give advice to any customer, the employee should ensure that he or she does not get any advantage in connection with that instruction to the customer. The employee should obey with the code of conduct of the company(Krahnke and Hoffman 2016).
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10ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Whistleblowing protection The whistle blowing instrument is a tool that defend the company against serious fraud cases and any other dishonesty that is going to occur in the bank. The whistle blowing commission looks after all the action of the company and that helps to stop the happening of any dishonesty in the bank. The bank has to deal with many dealings for which it may not be possible to monitor all the actions with equivalent standing as result of which the whistle blowing committee has been formed that will notice all the despoiled activities. The whistle blower mechanism give an alarm to the company and that will save the company from any duplicitous activity. Enforcement The enforcement of the code of conduct is a critical and essential part of the company’scommitmenttowardsthestakeholders.Itisessentialforthecompanyto interconnect the position of following the code of conduct to the employees. A company has to promote its attentiveness in promoting its code of conduct among the employees. The bank promote the code of conduct enforcement by the help of the CEO and the senior managers. The CEO and the management used to interconnect with the employee of the bank which will encourage them to follow the code of conduct of the bank. Conclusion From the above discussion, it can be concluded that the code of conduct of the bank protects the bank from potential fraud cases and corruptions. The code of conduct framed by the bank guide the employee while they face the customers and also the other stakeholders of the bank. It is important to the employees to understand the fact that the code of conduct promote the overall reputation and environment of the company and sets basic conduct norms
11ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK for everyone and also the code of conduct encourages to keep faith on the system of the bank and report any potential violations.
12ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Reference Ashe, S. and Nazroo, J., 2017. Equality, diversity and racism in the workplace: A qualitative analysisofthe2015raceatworksurvey.Online:http://hummedia.manchester.ac. uk/institutes/code/research/raceatwork/Equ...(accessed: 7 April 2017). Fernandes,S.M.andBornia,A.C.,2019.Reportingonsupplychainsustainability: Measurementusingitemresponsetheory.CorporateSocialResponsibilityand Environmental Management,26(1), pp.106-116. Foo, M., 2017. A review of socially responsible investing in Australia.An independent report for National Australia Bank (NAB) by the Australian Centre for Financial Studies (ACFS) at Monash Business School. Goodfellow, M. and McFarlane, L., 2018. Race’and Racism in the UK.New Thinking for the British Economy, pp.150-59. Hasford, J., 2016. Dominant cultural narratives, racism, and resistance in the workplace: A studyoftheexperiencesofyoungBlackCanadians.Americanjournalofcommunity psychology,57(1-2), pp.158-170. Howell, N.J., 2015. Revisiting the Australian code of banking practice: is self-regulation still relevant for improving consumer protection standards.UNSWLJ,38, p.544. Jones, K.P., Arena, D.F., Nittrouer, C.L., Alonso, N.M. and Lindsey, A.P., 2017. Subtle discriminationintheworkplace:Aviciouscycle.Industrialandorganizational psychology,10(1), pp.51-76. Krahnke, K. and Hoffman, L., 2016. The rise of religion and spirituality in the workplace: Employees' rights and employers' accommodations.Journal of Behavioral and Applied Management,3(3), p.1056.
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13ANALYSIS OF CODE OF CONDUCT OF NATIONAL AUSTRALIA BANK Lucifora, C. and Vigani, D., 2016. What if your boss is a woman? Work organization, work- life balance and gender discrimination at the workplace. Matsushima, T., Ohkawa, L. and Inoue, H., 2016.The Global Code of Conduct in the Foreign Exchange Market(No. 16-E-6). Bank of Japan. Meyer, S.R., Decker, M.R., Tol, W.A., Abshir, N., Mar, A.A. and Robinson, W.C., 2016. Workplace and security stressors and mental health among migrant workers on the Thailand– Myanmar border.Social psychiatry and psychiatric epidemiology,51(5), pp.713-723. Nair, N. and Vohra, N., 2015. Diversity and inclusion at the workplace: a review of research and perspectives. Noon,M.,2018.Pointlessdiversitytraining:unconsciousbias,newracismand agency.Work, employment and society,32(1), pp.198-209. Ruggs, E.N., Martinez, L.R., Hebl, M.R. and Law, C.L., 2015. Workplace “trans”-actions: How organizations, coworkers, and individual openness influence perceived gender identity discrimination.Psychology of Sexual Orientation and Gender Diversity,2(4), p.404. Scheitle, C.P. and Ecklund, E.H., 2017. Examining the effects of exposure to religion in the workplace on perceptions of religious discrimination.Review of Religious Research,59(1), pp.1-20. Tourani, P., Adams, B. and Serebrenik, A., 2017, February. Code of conduct in open source projects. In2017 IEEE 24th International Conference on Software Analysis, Evolution and Reengineering (SANER)(pp. 24-33). IEEE.
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