Corporate Social Responsibility principles

Added on - 24 Apr 2021

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Running head: SOCIAL RESPONSIBILITYSocial ResponsibilityName of the StudentName of the UniversityAuthor Note
1SOCIAL RESPONSIBILITYTable of ContentsIntroduction......................................................................................................................................2Discussion........................................................................................................................................2Analysis of the Common wealth bank of Australia’s financial decisions and the Corporate SocialResponsibility principles in context to the given situation..............................................................2The commonwealth bank of Australia and their sustainability.......................................................4Violation of the ethical principles....................................................................................................5Ethical theories and its violations....................................................................................................6Conclusion.......................................................................................................................................7References........................................................................................................................................8
2SOCIAL RESPONSIBILITYIntroductionDuring the year 1911, theAct of Commonwealth Bank initiated the operations ofAustralian Commonwealth Bank, which is also simply known as CBA. ‘Andrew Fisher laborgovernment’ did the establishment of the same. The CBA was first bank in Australia to get thefederal government guarantee (Bank 2014). Within a very short time period, the bank stared toestablish both saving and general banking business.The three main countries in which the common wealth bank of Australia operatesincludes the United States, New Zealand and the United Kingdom. There are variety of ranges ofthe services provided by the bank that includes superannuation, management of funds, retail,Institutional banking, brokerage services, insurance and many more(Sivaraman and Turner2016).The Commonwealth Bank is also abbreviated asCommbank was listed in the stockexchange of Australia in August 2015. It was then known as largesrt bank in the Southernhemisphere.DiscussionAnalysis of the Common wealth bank of Australia’s financial decisions and the CorporateSocial Responsibility principles in context to the given situationIn accordance to the annual report of sustainability of the company of the AustralianCommon Wealth Bank, there are numerous policies and principles related to the corporate socialresponsibility. It includes various kind commitments as mentioned in the report like ensuring,professionalism, honesty and fairness in dealing with its clients (Rice 2017). The statement of theCorporate Social Responsibility states that there are various commitments of the company likepolitical donations, countering money laundering and frauds management. The main mission ofthe company is to promote financial well being in the various businesses, communities and thecustomers (Islam, Jain and Thomson 2016).The Annual Report of the CBA 2017 reveals various ethical principles and policies.According to the report, the CBA treats each other the way they would like to be treated.Therefore, it makes sure that there is respect within themselves. They also make sure that there is
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