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Governance Ethics and Sustainability Assignment

   

Added on  2021-01-02

11 Pages2885 Words191 Views
GOVERNANCE, ETHICS,AND SUSTAINABILITY
Governance Ethics and Sustainability Assignment_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY ..................................................................................................................................1A. Discrimination...................................................................................................................1B. Exploitation........................................................................................................................2C. Corruption..........................................................................................................................3D. Dishonest and Fraudulent Behavior..................................................................................3E. Whistle-blower Protections................................................................................................4F. Enforcement.......................................................................................................................5CONCLUSION ...............................................................................................................................6REFERENCES ...............................................................................................................................8
Governance Ethics and Sustainability Assignment_2
INTRODUCTIONEthics, governance and sustainability flows emerged as an important discipline in its ownright, it brings their contribution together from accounting, finance, law and management.Corporate governance now offers a comprehensive, interdisciplinary approach to themanagement and control of companies. Corporate professionals are always imbibed itselftowards the positive goals on continual basis. It makes process better and qualitative towards thegoal management. Present report will be based on results' governance in context of Australiangovernment. Further report will be discussing about the mandatory code of conduct forAustralian company for addressing some issues such as Discrimination, Exploitation,Corruption, Dishonest, Fraudulent Behavior, Whistle blower Protections and Enforcement.Moreover, study will be presenting proper code of conduct and leading best sources. MAIN BODY Common wealth Bank of Australia is an Australian Multinational Bank with businessesacross New Zealand, Asia the United states and UK. It provides variety of financial servicesincluding retail, business and institutional banking, funds management, superannuation,insurance, investment and brooking services. Commonwealth Bank has been found with so manychanges due to which they lost the market value down from past few months because of theirpoor performances and long majorly goals. Organization needs to adopt corporate governanceethics and code of conduct to make good brand position again. Company should take itscorporate responsibility very carefully and in serious manner. This working goals and providesbetter service level for better improvement. Code of practices helps to protect company from theinterferences of government regulations. A. DiscriminationEmployees is the most precious and productive source for company which is necessary tobe happy with aims and objectives of business. Organization should able to manage or maintainproper working environment (Bosselmann, 2016). Workplace harassment or discrimination ofemployees is a wrongful activity for the organization. It affects the overall reputation ofcompany in overall market. Discrimination off employees on the basis of sex discernment withinworker discrimination process affects business’s reputation in market. Company makedifferences between employees on the ground of Pregnancy favoritism, breastfeeding socialcontrol, family responsibilities, marital relationship etc. through which company faces the1
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dissatisfaction level among employee’s behavior. In order to remove all those restrictions'fellowship needs to adopt following code of conduct accordingly. Code of conduct Employer needs to carry out his own duties with good faith by following the relevantpolicies and procedures (Carroll and Buchholtz, 2014). Treat every employees or customers equivalent without discriminating them on the basisof age, sex, race, religion etc. Promoting equal opportunity for all employees.Organization also require to compliance with all applicable federal, state and provincialwage and hour laws. Adopt diversity environment among the working environment and avoid unlawfuldiscrimination, bullying or harassment activities. B. ExploitationIt is another concerning area on which company needs to be focused. That affects theleading resourceful matter. Honesty and Integrity are two elements which is important to have inorder to make the good image and to achieve long term market goals. Commonwealthorganization should adopt all required laws and regulations in order to make the company’senvironment positive. This would also affect overall business goals or reputation of company.Sometimes due to discrimination company make differences and then exploit them in terms oflow income level and make them feel demotivated (Crane and Matten, 2016). Company shouldremove all those unfair practices from the company’s activities and should adopt fair legal codeof conduct practices. Code of conduct Commonwealth must never adopt irregular payment to win business or to influence anenterprise decision through a wrongful activity. Should always keep records of employees and customers in order to give them properservices without any exploitation. Commonwealth Bank also require to ensure proper regulatory system in order to keep therelationship goals good with stakeholders.They must ignore insider trading to make bank data secure and safe from hackers.2
Governance Ethics and Sustainability Assignment_4

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