Business Ethics Australia Research Paper 2022

Running head: BUSINESS ETHICS
BUSINESS ETHICS
Name of Student
Name of the University
Author note

BUSINESS ETHICS1
Table of Contents
Introduction..........................................................................................................................2
Ethical responsibilities.........................................................................................................2
United Nations goal compact principle...............................................................................3
Application of CSR and Ethical theory...............................................................................4
Recommendations................................................................................................................5
Conclusion...........................................................................................................................5

BUSINESS ETHICS2
Introduction
Business ethics refers to standards and morality of conduct. Therefore it includes the way
people conduct themselves within and outside of the workplace on the basis of the moral
principles governing them. And ethical responsibility on the other hand refers to the
responsibility of the business and the individual within it to recognize and act upon the ethical
and moral principles. The UN global compact has provided 10 such ethical principles that the
organizations need to follow while carrying in their business. The company selected for the
purpose of this study is ANZ bank of Australia. The Company has recently been highlighted for
its unethical practices such as workplace discrimination (ABC News 2020). The main aim of the
paper is to discuss about the ethical responsibilities of the company and the way the company has
breached the same. The paper will discuss about the ethical responsibilities of a company, the
United nations compact principle, apply CSR and ethical theory to the issues being faced by the
company and make recommendations.
Ethical responsibilities
The ethical responsibilities of Australian Companies towards its employees are laid down
by the Fair work act 2009 (Abend 2016). The regulations majorly governs the employee and
employer relationship within an organization in Australia. This act provides for a “safety net of
minimum entitlements” which is related to- fairness at work, making arrangement for flexible
working conditions and prevention of any discrimination against an employee. The employees
have a right to be protected from any sort of discrimination at workplace. Discrimination takes
places within an organization hen an adverse action is taken by against the employee in relation
to a protected attribute. These protected attributes race, color, sex, sexual orientation, age, any