CGRM4000 Business And Corporation Assesment

Running Head: BUSINESS AND CORPORATION LAW
0
CODE OF
CONDUCT
Student Name
Student Number
Subject Name: Corporate Governance, Sustainability, and Ethics
Subject Code: CGRM4000
IOOF Holdings

CGRM4000: ASSIGNMENT 2 1
Contents
Introduction......................................................................................................................................2
Discrimination.................................................................................................................................2
Exploitation......................................................................................................................................3
Corruption........................................................................................................................................4
Fraudulent and dishonest behavior..................................................................................................5
Whistleblowers Protection...............................................................................................................6
Enforcement.....................................................................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

CGRM4000: ASSIGNMENT 2 2
Introduction
This code of conduct has been prepared to present our thinking towards our stakeholders and
manner of working that we pursue in practice. The lead objective of this code of conduct is to
brief our values and to let our stakeholders know about the responsibility of management. The
scope of the code is extended up to every stakeholder and personnel of IOOF holdings. Further,
the compliance of the code is mandatory and expected to be followed in stick manner by all to
whomever it applies.
Discrimination
Being an equal opportunity employer, the lead aim of the company is to provide the employee
with an environment free from all forms of unlawful discrimination. Discrimination is proposing
to treat or treating a person differently in comparison to other people. Discrimination is not an
issue for unlawful discrimination is. Unlawful Discrimination in the workplace refers to a
situation where an employer treats one employee in a less or more favorable manner due to
his/her personal characteristics such as age, gender, race, and others. Such unlawful
discrimination may be direct or indirect (Townsend and Luck, 2012). Fair Work Act 2009 (Cth)
address different type of discrimination and states that an employer must not discriminate his/her
employees based on race, age, color, marital status, sex, family or carer’s obligations, Sexual
orientation, pregnancy, National extraction, religion, political opinion, or social origin (CCH
Australia Limited, 2010). Company has a strict view with respect to the prevention of unfair
discrimination. We believe in ethical practices and understand the consequences that may arise
out of unfair discrimination hence we ensure to comply with following legislations:-
Sex Discrimination Act 1984 (Cth)

CGRM4000: ASSIGNMENT 2 3
Age Discrimination Act 2004 (Cth)
Disability Discrimination Act 1992 (Cth)
Racial Discrimination Act 1975 (Cth)
The above-mentioned legislation prevents unfair discrimination and company ensure that every
of its personnel act according to the provisions of these acts. Not only the top managers, but
department heads and team leaders are also required to report on matters of unfair discrimination
report during the quarter of the year. The company does not promote any activity that directly or
indirectly leads to unlawful discrimination with employees or any other stakeholder and
therefore the management of the company must
1. Make job vacancies considering the only qualification as a factor and must not use age,
gender or any personal characteristic as the basis of criteria.
2. Conduct interviews in an ethical way giving by giving equal opportunities to every
employee.
3. Select employees based on their qualification and experience
4. Pay the same wages to employees where they have the same skills and doing the same
work
5. Treat every employee in an equal manner irrespective of any other aspect and must
discriminate only based on his or her qualification or work experience or any other
academic skills.
Here this is to make clear that the prevention of discrimination guidelines mentioned above do
not apply to senior employees and top managers but junior employees are also bound with the
same. Any person, which would be found in breach of this section of code shall be obliged to pay