Business Ethics and Corporate Social Responsibility: A Case Study of Wells Fargo

Business Ethics

TABLE OF CONTENT
INTRODUCTION.......................................................................................................................................3
PART1........................................................................................................................................................3
Case Scenario..........................................................................................................................................3
Corporate Social Responsibility (CSR)...................................................................................................4
Issues and Consistent Practise.................................................................................................................5
PART 2.......................................................................................................................................................6
Evaluate approaches of chosen case to concept from the perspective of normative and descriptive
business ethics theories............................................................................................................................6
PART 3.......................................................................................................................................................8
Analyse the stakeholder perspective on business behaviour....................................................................8
CONCLUSION...........................................................................................................................................9
REFERENCE..............................................................................................................................................9

INTRODUCTION
Business ethics is an important area which helps out to contemplate all the important
principles, values and standards of the organisation through which the individual behaviour and
their actions can be governed. It helps out to practise all the important potential subjects that
maintain the positive attributes in the society they are like insider trading, discrimination,
corporate governance, bribery etc (Surdam, 2020). As for all the companies it is important that
the business ethics should be properly as ethics frames out all the important legal principles
which sets the standards and also helps in regulatory behaviour of all the business practises. It
provides a decision making and also to implement certain actions in the organisation. This report
will cover a case study which will be divided in three parts in which one will cover the concept
and the second part will discuss about the business theories in the ethical practises The last will
analyse all the stakeholders perspective in the business organisation.
PART1
Case Scenario
Wells Fargo account fraud scandal has made a larger controversy as there has been
created millions of fraudulent saving and checking accounts through which all the clients were
not even aware about. There were certain illegal activities by the company has been noticed that
cost approx one $185 million Fraud. As Wells Fargo clients have faced a major fraud they were
being charged by the unanticipated fees and through which they used to receive unexpected
credits and also the lines of various debit cards bills about which the individuals were not being
aware the managers in the workers have made multiples of selling solutions of financial products
through which all the higher level of management and the accounting fraud has been maintained.
They try to maintain and done fraudulent practice in which employees used to encourage all the
credit cards that are being preapproved by the customers without their employees in the company
and the bankers used to control the clients account and try to access program for their own use in
order to satisfy all such quotas and for financial products (Spinello, 2019).
There were about 5300 employees were being fired in 2016 because of all the fraudulent
sales that has been made by them. And all such financial insolvent institutions but came to words