BUSN104 Money Matters

Running head: BUSN104 MONEY MATTERS
BUSN104 Money Matters
Name of the Student:
Name of the University:
Author’s Note:
Course ID:

1BUSN104 MONEY MATTERS
Table of Contents
Introduction:....................................................................................................................................2
Identifying the areas, the nature of the alleged inappropriate behaviour of the company:..............2
Describing the practise of the chosen company from socially responsible framework:.................3
Using share market data, while explaining the effect on the shareholders wealth by the
malpractice since the beginning of 2018:........................................................................................4
Explaining whether sustainability and socially responsible outcomes should matter to the
organisation:....................................................................................................................................5
Indicating any changes to the company’s behaviour since the findings of the Royal Commission,
while justifying whether it is believed to be permanent or not:......................................................6
Conclusion:......................................................................................................................................7
References and Bibliography:..........................................................................................................8

2BUSN104 MONEY MATTERS
Introduction:
The overall assessment mainly aims in evaluating the performance of the organization,
where the relevant information regarding the Royal Commission Report is analyzed. The
adequate identification of the areas that were alleged inappropriate behavior for the organization
are adequately depicted with relevant information. Moreover, the actions that was taken by the
company is mainly evaluated on the basis of the socially responsible framework. Furthermore,
the relevant information regarding the shareholders wealth is detected from the beginning of
2018 after the declaration of wrong information. Indicating the changes that has been witnessed
in the company after the declaration of the Royal Commission Report in February of 2019.
Identifying the areas, the nature of the alleged inappropriate behaviour of the company:
There were many financial institutional and banks in Australia whose behaviours was
considered inappropriate by the Royal Commission, while the actions of Commonwealth Bank
of Australia stood differently from its peers. The employees of the organisation conducted the
most inappropriate actions within the organisation for manipulating the major documentations of
the customers. The misconduct of Commonwealth Bank of Australia did not stand at the
manipulations to the documentations of the customers, where the employees were responsible for
money laundering drug syndicates, turning blind eye towards terrorism funding, ignoring
statutory reporting responsibilities for more than three years on more than 750,000 accounts,
while conducting impropriety in foreign exchange trading. The manipulation of the company
was relevantly increasing in nature, which was violating the social and legislative norms laid
down in Australia (Davis 2019).