PDF Business Ethics - Assignment Solved
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Added on 2021-06-17
PDF Business Ethics - Assignment Solved
Added on 2021-06-17
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Running head: BUSINESS ETHICSBusiness EthicsName of the StudentName of the UniversityAuthor Note
1BUSINESS ETHICSCorruption is said to exist at all levels of society and is defined as the misuse of entrustedpower in order to achieve personal gain or benefits. It can take several types of forms and mayaffect the making of public policy or even the implementation of the public policy. It is oftenperceived as continuous undesirable behaviors, which entails improper conduct andmaladministration. It prevails at several levels including corruption within the bureaucraticprocedure, public sectors, administrative sectors and individual corruptive activities. Corruptionaffects both the private as well as the public sectors through misappropriation, bribery, nepotism,money laundering. The corrupt activities has an adverse effect on the communities, institutionsand nations and such activities are prevalent only in places, nations or communities that areeasily susceptible to corruption. Australia, a prosperous nation with its high global standards is not as susceptible tocorruption as other poor nations are which dismiss the conception that corruption is onlyassociated with poor countries (Graycar and Monaghan 2015). However, in rich countries likeAustralia, corruption exists and affects governance, infrastructural development and the generaleconomic conditions. Nonetheless, corruption in Australia is comparatively less common than inother countries, which is evident from its position in Transparency Internationals 2016Corruption Perception Index where the country is in the 13th position out of 176 nations. However, in 2012, Australia was ranked seventh in the Transparency Internationals2016 Corruption Perception Index. The reason for such decline in the TI ranking is that theperception index does not reflect actual corruption findings. The perception might have beeninfluenced by the discontentment of people in the Australian government with respect to illegalfinancial flow into the country, which the government has failed to deter. Although based on the
2BUSINESS ETHICSinternational surveys, the country is said to be low in terms of corrupted activities but graduallythe corruption level seems to be rising in the country. Majority of the people believe that corruption in Australia exists in State, local andnational level, particularly at the state government level. Corruption exists in the Australianpolitical system resulting in decisions that is made in contrary to the interests of the electorate bythe Federal and State Parliaments. The corruption within the political sector threatens thepolitical processes of the country through the lobby groups and big corporate giants. Thisinterference has resulted in actions that have detrimental impact on the economy, naturalenvironment and social framework of the country. Apart from traces of corruption within the political sector, there are less chances ofcoming across risk corruption within the Australian police system. Public perceptions about thecountry being least corrupted has been significantly drawn from within the business communitywhich provides a ground for not giving priority to the issues related to corruption. However,McAllister (2014) believes that such public opinions and perceptions cannot be said to be acomplete guide for development of government or any legal policy within the field. For instance,like institutional sexual abuse or family violence incidents are often not reported, are concealed,or are framed as normal circumstances. This regulatory attitude towards corruption demonstratesa similar attitude amongst the law enforcement officers, public officials and third parties like theprofessional groups, financial institutions (accountants, lawyers, etc) that have turned into thefacilitators of corruption within the Australian territory. On the contrary, Iyer and Samociuk (2016) argues that while obtaining public services inAustralia, very few organizations have encountered bribery where in most cases, private sector
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