Disability in the Australian Workplace

Running head: CORPORATE GOVERNANCE
CORPORATE GOVERNANCE
Name of the Student
Name of the University
Author Note

CORPORATE GOVERNANCE1
Table of Contents
Abstract..............................................................................................................2
Introduction........................................................................................................2
Discussion..........................................................................................................3
Principles of the corporate governance..............................................................3
Conclusion..........................................................................................................8
Reference..........................................................................................................10

CORPORATE GOVERNANCE2
Abstract
In this report the case study of the common wealth bank of Australia is
selected. The common wealth bank of Australia is one of the biggest bank
which is listed in the Australian stock exchange. The company has great
reputation as one of the most efficient and reliable bank in the country.
Recently the bank is accused for a fraud case of manipulating the fund of the
retired person through their financial planning section. The case of the
common wealth bank become a major instance that reflects the adverse effect
of the absence of a strong corporate governance in an organisation.
Introduction
The structure of rules and regulations systems and the process of
operation is defined in the corporate governance policies of the organisation,
the corporate governance policies provide power to the management to
regulate the policies and operational process of the company. The corporate
governance policies also includes the process through which it can be possible
to held the management to be accountable for their activities that they perform
on behalf of the organisations. A good corporate governance policy motivates
the investors and also encourage them to invest in such companies that used to
follow a strong corporate governance policy. All of the ASX listed companies
have to maintain an effective governance policies to bring transparency in
their activities (McInnes and Ahmed 2017).
For the ASX listed companies a specific principle and recommendation
is set which all the companies have to implement in their corporate
governance policies, so that all the companies can maintain transparency in

CORPORATE GOVERNANCE3
their policies and meet all the expectation of the investors. The principles of
the ASXCSG 2014 provides the guidelines for the internal stakeholders which
will help them to take decisions which are ethical in nature and to protect the
right of the shareholders who want to buy and sell the shares in the Australian
stock exchange. The rules and regulation provided by the (ASXCSG 2014)
also encourage to maintain ethical values and bring more transparency in the
activities of the organisation and be more responsible for what they are doing
for protecting the interest of the stakeholders. The application of these
principles and regulations the companies can assure that the funds of the
shareholders are utilised effectively and also it will prevent the occurrence of
the financial scandals. As a result of this the occurrence of the activities like
manipulation of the assets or practicing unethical activities can be prevented.
In this case the commonwealth bank engaged in the practice of unethical
activities which breaches the provisions that are mentioned in the ASX
principles and the royal banking commission.
Discussion
Principles of the corporate governance
The main principle of the corporate governance states that an
organisation should act lawfully ethically and with responsibility. This means
that the organisation should implement a culture and environment to
encourage the employees to perform their activities ethically and protect the
interest of the customers. If the top management of the organisation promotes
the employees to follow unethical activities like providing misleading
information to the customers or manipulating the financial information of the