Ethics, Governance and Sustainability: Corporate Social Responsibilities of Woolworths plc

WOolworths plc
Ethics, Governance and Sustainability
Corporate social responsibilities
Name of the Author-

Table of Contents
INTRODUCTION.................................................................................................................................1
GUIDING PRINCIPLES.......................................................................................................................1
PROHIBITION OF DISCRIMINATION..............................................................................................2
END TO EXPLOITATION...................................................................................................................2
IDENTIFICATION OF CORRUPT PRACTICES AND BRINGING THEM TO AN END................3
SEEKING TO ELIMINATE DISHONEST AND FRAUDELENT BEHAVIOUR..............................4
EXTENDING PROTECTION TO WHISTLE-BLOWERS..................................................................5
ENSURING ENFORCEMENT OF ALL GUIDING PRINCIPLES.....................................................5
Conclusion.............................................................................................................................................6
REFERENCES......................................................................................................................................7

INTRODUCTION
With the changes in economic condition, each and every organization is facing the
complex business structure, ethical and governance issue in their business. In this report,
governance, ethics and sustainability issues faced by the company has been discussed. This
report has been prepared on the company selected Woolworths Company. Woolworths
having its headquarters in Australia is the largest private sector employer of that country. Its
business line comprises of a diverse chain of business operations ranging from supermarkets;
home improvement; liquor, hotels and convenience stores; office supplies; department stores
to an industrial division provisioning business services in chemicals, energy, fertilisers,
industrial, safety products and coal. In this report, an ethical and governance issue faced by
Woolworths Company has been discussed. The main issue of the ethical and governance
program have found due to the less effective compliance program of company and
complicated business structure.
The ethical and governance code of the company assist in mitigating the legal
compliance issues and reporting problems. The following code of conduct speaks about the
underlying principles that lays the foundation of Woolworths’ business functioning and the
areas of consideration sought by the management (Akbar, and Ahsan, 2014). The working
behaviour of Woolworths is anticipated to be in line with the manner laid by the principles set
in this code of conduct.
GUIDING PRINCIPLES
The board of directors of the company representing the management and the
employees of the concern are all required to unfailingly apply these principles in the course
of all the decisions they make and activities they perform (Ridge, 2018).
1. Prohibition of discrimination
2. End to exploitation
3. Identification of corrupt practices and bringing them to an end
4. Seeking to eliminate dishonest and fraudulent behaviour
5. Extending protection to whistle-blowers
6. Ensuring enforcement of all guiding principles