Principles of Corporate Social Responsibility

Running head: PRINCIPLES OF CORPORATE SOCIAL RESPONSIBILITY
Principles of Corporate Social Responsibility
Name of the Student
Name of the University
Author note

1
PRINCIPLES OF CORPORATE SOCIAL RESPONSIBILITY
Contents
Common wealth bank of Australia V/S the Corporate Social Responsibilities..............................3
Relevance of Sustainability and social responsibility of the CWB.................................................5
The principle Breached by CBA......................................................................................................6
Ethical Violation and their Theories as per CSR.............................................................................7
References........................................................................................................................................9

2
PRINCIPLES OF CORPORATE SOCIAL RESPONSIBILITY
Common wealth bank of Australia V/S the Corporate Social Responsibilities
The case study is about the well known bank of Australia which deals in services like life
insurance and other insurance services. However there was an ethical issue which was noticed in
one of its work or transaction which the company has committed with one of its consumer
(Matten and Moon 2014). Some ethical issues were violated in this case and the bank was found
guilty on certain basis after the violation of the rules and regulation that they had promised to
provide to their customer. The case studies dictated the whole scenario that happened and it
related to some special breach of the contract and the corporate social responsibility principles.
The allegation of the illegal activity that the bank was accused of was, the violation of
the contact which was a policy under the banks regular business, which was named as the
“Comminsure Insurance policy” this policy insured the life on the policy taker and provide with
the amount of payment at the time when the policy holder was suffering from terminal illness or
a illness which may cause death of the insured at the end of 12 months or so (Dahlsrud 2018).
The bank had a good reputation in the market and the CEO of the bank continues to talk about
ethics related to the service provided to the policy holder.
The principles that were violated were according to the principals of corporate social
responsibility ethics; the main principal of corporate social responsibility is the sustainability in
terms of resources, Accountability on the basis of all details that are required for the purpose of
betterment of the society and finally Transparency which is required for the understanding of all
the stakeholders of the corporation and providing transparent information (Sathye 2014).