Management Ethics And Journal of Business Ethics

Running head: MANAGEMENT ETHICS
MANAGEMENT ETHICS
Name of the Student:
Name of the University:
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Management Ethics1
Table of Contents
1.1 Introduction...........................................................................................................................2
1.2 Discussion..................................................................................................................................2
1.2.1 Key ethical issues...............................................................................................................2
1.2.2 Ethical theories to support the listed ethical issues............................................................3
1.2.3 Recommendations and strategies proposed........................................................................4
1.2.4 Ethical theories to support the recommendations and strategies proposed........................5
1.3 Conclusion.................................................................................................................................6

Management Ethics2
1.1 Introduction
In the case study of Westpac the analysis of the key ethical issues will be developed
along with this supportive ethical theories will also be discussed in detail. This case study
contains the information regarding the scandal during 2019 when Mr. Brian Hartzer, the Chief
Executive Officer of Westpac was stepped down by AUSTRAC and the case was for Child
exploitation and money laundering. At the final stage the management and the board will be
changes due to the betterment of the bank and customers. However, in one news report it was
stated that Brian asked for help from the senior leaders of Westpac by misguiding them as this
scandal was playing a high street issue. AUSTRAC in their investigation bidding stated that less
than $500,000 was paid to Philippines and South East Asia for the purpose of child exploitations.
This money laundering act by Westpac was considered to be a horrendous crime under the law.
1.2 Discussion
1.2.1 Key ethical issues
As per the case study there are many ethical issues which can be identified like the
horrendous types which is related to the money laundering. According to the case study, Westpac
used to do money laundering to hide their monetary transactions that are illegal and those
transactions comes under the criminal activities. Public Condemnation was also a type of ethical
issue which was attempted by the bank Westpac (SUPER and ACTU 2018). According to this
issue, the bank have violated the culture and beliefs of banks and the banking industry. Due to
profit making purpose, Westpac shifted the customer’s service to secondary goal. There was no
transparency in the bank which led to another ethical issue which means that the total figure was
not clearly shown to the customers and the shareholders. Lobbying was another kind of issue