Westpac Case Study | Impact International

Running head: CASE STUDY OF WESTPAC
CASE STUDY OF WESTPAC
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1CASE STUDY OF WESTPAC
Executive summary
The basic and important thing that any organization needs to follow is the ethics and ethical
behavior. Ethical behavior is something that is expected from every individual in the
organization. This report gives an insight about the problems or the issues faced by the
organization and how the organization fids corrective and preventive measures to get things
done. It also tells about how an organization develop ethical theories and how they are
executed and implemented.

2CASE STUDY OF WESTPAC
Table of Contents
Introduction................................................................................................................................3
ETHICAL ISSUES FACED BY WESTPAC:...........................................................................3
ETHICAL ISSUES FACED BY WESTPAC:...........................................................................4
ETHICAL THEORIES:.............................................................................................................5
THEORY OF UTILITARIANISM:.......................................................................................5
THEORY OF VIRTUE:.........................................................................................................5
CONCLUSION..........................................................................................................................8
REFERENCES.........................................................................................................................10

3CASE STUDY OF WESTPAC
Introduction
Westpac banking corporation which is commonly known as Westpac is a bank in Australia
which is known for providing financial services and is in to banking services too. The bank
was founded in the year 1817 and was known as the Bank of New South Wales. This bank is
now headquartered in Sydney, Westpac place. It has a number of branches and the area
served by the bank is across the globe. The kind of product that the bank produces includes
consumer banking, investment banking corporate banking, credit cards and mortgages and
others (Butzbach and von Mettenheim 2015). However, there have been many controversies
related to this organization particularly. There has been issues related to money laundering
and child exploitation and the organization was found guilty on this according to the
regulators of Australia.
This report discusses on the key issues related to ethics of the organization and then finding
solutions and recommendations to the same using ethical theories.
ETHICAL ISSUES FACED BY WESTPAC:
Conflicts have become a major and common issues at workplace now a days. It is because
most of the ideology and the theories of one particular individual do not match with the other
and as a result conflict arises (Adewale, and Rahmon 2014.). Ethical issues can be defined in
the same way. It is when there is a difference or lack in the opinion, thought process, and
ideas of the business and individual do not match with each other and this results in a
conflict.
Most of the issues occur at the times when the organization having some ethical principles do
not meet the requirement of fulfilling it and there comes out some problems thus leading in
ethical dilemma or issues of ethics.