Mba402 | Code of Conduct - ANZ Bank
Added on 2022-08-30
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Running head: MANAGEMENT
Mba402
Name of the Student:
Name of the University:
Author Note:
Mba402
Name of the Student:
Name of the University:
Author Note:
1MANAGEMENT
Executive Summary:
The report tries to comprehend the Code of Conduct that ANZ Bank should adopt in order to
prevent from becoming a slaughter house of scandals. Established in the year 1951, ANZ Bank
also known as Australia and New Zealand Banking Group Limited has its headquarters in
Melbourne. In Australia, it is considered second largest bank in terms of the assets and the third
largest in terms of the market capitalization. The banks operations in Australia is considered to
be one of the largest with retail and commercial banking being the dominating service. It is also
one of the largest bank of New Zealand. ANZ along with subsidiaries had a total workforce of
about 51,000 employees and served close to six million customers across its 570 branches.
Recently, the bank has been engrossed in various scandals hence calls for the need of Code of
Conduct. The report thus puts forward code of ethics which the bank can adopt to avoid such
scandals in future. This conduct aids in outlining the white and the black thereby enabling
employees in realizing things that are meant for constituting ethical as well as unethical
behavior.
Executive Summary:
The report tries to comprehend the Code of Conduct that ANZ Bank should adopt in order to
prevent from becoming a slaughter house of scandals. Established in the year 1951, ANZ Bank
also known as Australia and New Zealand Banking Group Limited has its headquarters in
Melbourne. In Australia, it is considered second largest bank in terms of the assets and the third
largest in terms of the market capitalization. The banks operations in Australia is considered to
be one of the largest with retail and commercial banking being the dominating service. It is also
one of the largest bank of New Zealand. ANZ along with subsidiaries had a total workforce of
about 51,000 employees and served close to six million customers across its 570 branches.
Recently, the bank has been engrossed in various scandals hence calls for the need of Code of
Conduct. The report thus puts forward code of ethics which the bank can adopt to avoid such
scandals in future. This conduct aids in outlining the white and the black thereby enabling
employees in realizing things that are meant for constituting ethical as well as unethical
behavior.
2MANAGEMENT
Table of Contents
Code of Conduct:.............................................................................................................................2
A. Discrimination:...........................................................................................................................2
B. Exploitation:................................................................................................................................3
C. Corruption:..................................................................................................................................4
D. Dishonest and Fraudulent Behavior:...........................................................................................5
E. Whistleblower Protections..........................................................................................................7
F. Enforcement................................................................................................................................7
References:......................................................................................................................................9
Table of Contents
Code of Conduct:.............................................................................................................................2
A. Discrimination:...........................................................................................................................2
B. Exploitation:................................................................................................................................3
C. Corruption:..................................................................................................................................4
D. Dishonest and Fraudulent Behavior:...........................................................................................5
E. Whistleblower Protections..........................................................................................................7
F. Enforcement................................................................................................................................7
References:......................................................................................................................................9
3MANAGEMENT
The code of conduct represents collection of norm, rules, proper practices and
responsibilities guiding individuals within workplace. A properly written code of conduct helps
in clarifying the mission, values and the principles of an organization thereby linking it to the
standards of the professional conduct. It also acts as valuable reference thereby helping the
employees in locating the relevant documents, resources and services related to ethics of the
organization. This code of conduct also instructs employees in portraying appropriate behavior
within workplace. The report portrays the code of conduct that ANZ Bank might undertake to
prevent it from becoming a slaughter house for scandals.
Code of Conduct:
A. Discrimination:
Discrimination refers to prejudiced consideration or treatment or the practice of making
distinction based on class, category or group to which they belong. They mostly include caste,
age, disability, gender identity, family status, criminal record, generation, gender expression,
marital status, genetic characteristics, color, race, nationality, religion, sex, ethnicity, social class,
species and sexual orientation. In other words, discrimination refers to the treatment of the group
or the individual based on perceived or the actual member in a particular social group or category
(Vickers 2014). However, within workplace, some of the prominent examples of discrimination
includes limiting promotion of individuals, ending one’s employment and ensuring limited
access towards training and the other benefits (Okechukwu et al. 2014). Discrimination might be
direct or indirect. Direct discrimination refers to ensuring different treatment to employees with a
particular attribute in comparison to an individual without the attribute. For instance, not
recruiting an individual as they belong to a particular religion. Indirect discrimination refers to
The code of conduct represents collection of norm, rules, proper practices and
responsibilities guiding individuals within workplace. A properly written code of conduct helps
in clarifying the mission, values and the principles of an organization thereby linking it to the
standards of the professional conduct. It also acts as valuable reference thereby helping the
employees in locating the relevant documents, resources and services related to ethics of the
organization. This code of conduct also instructs employees in portraying appropriate behavior
within workplace. The report portrays the code of conduct that ANZ Bank might undertake to
prevent it from becoming a slaughter house for scandals.
Code of Conduct:
A. Discrimination:
Discrimination refers to prejudiced consideration or treatment or the practice of making
distinction based on class, category or group to which they belong. They mostly include caste,
age, disability, gender identity, family status, criminal record, generation, gender expression,
marital status, genetic characteristics, color, race, nationality, religion, sex, ethnicity, social class,
species and sexual orientation. In other words, discrimination refers to the treatment of the group
or the individual based on perceived or the actual member in a particular social group or category
(Vickers 2014). However, within workplace, some of the prominent examples of discrimination
includes limiting promotion of individuals, ending one’s employment and ensuring limited
access towards training and the other benefits (Okechukwu et al. 2014). Discrimination might be
direct or indirect. Direct discrimination refers to ensuring different treatment to employees with a
particular attribute in comparison to an individual without the attribute. For instance, not
recruiting an individual as they belong to a particular religion. Indirect discrimination refers to
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