Case Studies on Misconduct in Financial Sector, Wage Fraud, VW Emissions Scandal and Australian Wheat Board Bribery Allegations

Running head: Case Studies 1
Case Studies
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Running head: Case Studies 2
Case study 1: Misconduct in the Financial Sector
Issue
In December 2017, there was rampant financial misconduct in the industry of
banking, financial and superannuation services.
Rule/Principle
A Royal Commission was appointed under the leadership of Commissioner Kenneth
Hayes so that he can look into this misconduct.
Analysis
The Commission looked at the behaviour of major banks as well as other related
organizations in order to check the nature of their financial dealings and transactions. This
entailed hearing of testimonies from several witnesses by the Commission.
Conclusion
The final report by the Commission was considered to be shallow and many
stakeholders, including the stock market were disappointed by it as it would result into
rebounding of the bank stocks in price as well as trading days’ demands following the date
that the report was released.
Case Study 2: Contract
Issue
An investigation concerning wage fraud in the Australian operations of the 7-eleven
franchisees was conducted by Fairfax Media in 2015 where it claimed many of the visa
holders and casual workers were receiving payment of award wages below the recommended