Ethics and Governance: Royal Commission and Ethical Practices

Ethics and
governance
4 / 2 8 / 2 0 1 9

Ethics and governance 1
Executive summary
Royal commission is into the misconduct in the banking, superannuation as well as the financial
service industry that is commonly known as the Hayne Royal Commission. The commission has
recently published final report that is majorly compelling reading for any of the person with an
interest in the ethical as well as fair business conduct. The report findings include the ethical
theory with the reading that shows the unethical practices that are conducted by royal
commission. In addition, it includes the case related to the freedom insurance and its issues that
are linked with the APES 110.

Ethics and governance 2
Contents
Introduction......................................................................................................................................3
Royal commission...........................................................................................................................4
Evaluation of Recommendations in the report................................................................................4
Ethical theory application................................................................................................................6
Application of theory...................................................................................................................6
Freedom insurance case study.........................................................................................................7
APES 110 code of ethics.............................................................................................................8
Applicability on case...................................................................................................................9
Safeguards that are available.........................................................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

Ethics and governance 3
Introduction
The aim of the report is to read the parts of the final report presented by the royal commission
and its evaluation with the effective use of the knowledge related to the business ethics that has
been attained in this particular unit. The reading related to the recommendations that have been
presented in the report. In addition, it is linked with the one of the ethical issues that will show its
applicability on the reading. This report also includes the insurance related case and brings the
attention to the problems witnessed in the practices conducted by the mortgage brokers. Being
the CPA member of the Australia, the APES 110 applies which will help in explaining the
ethical issues that has been witnessed with the freedom expectations to its agents in order to
make use of the aggressive as well as inappropriate sale tactics. In the end of the report, it
includes the safeguards that are present in order to make use of the APES 110.