Code of Conduct | Case Study Report

CODE OF CONDUCT

Contents
Introduction and Scope of the Code...........................................................................................2
Contents of the Code..................................................................................................................2
Discrimination:.......................................................................................................................2
Exploitation:...........................................................................................................................3
Corruption:.............................................................................................................................4
Dishonest and Fraudulent Behaviour:....................................................................................5
Whistle-blower Protections:...................................................................................................6
Enforcement...............................................................................................................................6
References..................................................................................................................................8

Introduction and Scope of the Code
The company IOOF Holdings Limited is a leading provider of the financial services
including the advices in relation to the retirement planning, superannuation, estate and the
trustees; and the range of products. The company is based in Australia. The company is one
of the names among the ASX Top 200 with a history of business of 170 years in the financial
business, and a strong base of 500000 customers and 20000 employees (IOOF, 2019).
However, the company was in news during the Royal Commission enquiries, where
irregularities were found in the operation of superannuation fund, following which few
executives and directors were banned from the company (Frost, 2019).
The following code of conduct is a statement guiding the members of the organisation to
adhere to the integrity, moral values, and the professional standards. The code of conduct lays
down the standard of conduct that is expected out of the employees and other members while
discharging their duties and the responsibilities. The underlying principles that have guided
the designing of the code of conduct are the laws of the land and the industry, principles of
the ethical behaviour and the highest standards of the workplace practices.
The code applies to Senior Management, employees and other members of the organisation.
It is the duty of the employees to read the policies laid down in the code of conduct to remain
aware of their conduct in their conduct while at workplace.
Contents of the Code
Discrimination:
Discrimination in workplace is defined as the treating or the proposal to treat individuals
unfavourably on lines of a personal characteristic that is preserved by the law (Australian
Human Rights Commission, 2019). Eighteen personal characteristics have been prescribed by
the Equal Opportunity Act 2010 on lines of which the discrimination at workplace is
purported. Some of these characteristics are the age, disability, marital status, race, sex,
parental and carer status, physical features, political belief, religious belief, sexual orientation
and others (Okechukwu et. al, 2014). There have been prescribed a range of federal anti-
discrimination laws in Australia, such as the Age Discrimination Act 2004, Disability
Discrimination Act 1992, Racial Discrimination Act 1975 and the Sex Discrimination Act
1984.