Report on Business Ethics: The Lloyds Banking Group Gender Pay Gap

This report delves into the ethical dimensions of the gender pay gap, using Lloyds Banking Group as a case study. It examines the ethical issues arising from pay disparities, the role of business in society concerning these issues, and identifies key stakeholders impacted by the gap. The report provides examples of both good and bad ethical practices, offering recommendations for improvement. Furthermore, it explores ethical theories such as deontological and virtue ethics, applying them to the case study to highlight potential solutions. The reflective essay part of the assignment discusses the student's personal learning and understanding of ethical leadership and management within an organizational context. The report concludes with recommendations for the company to promote fairness and equality, aiming to foster a more ethical and responsible business environment.

Business ethics and
responsible
management

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Ethical issues...............................................................................................................................3
Role of business in society..........................................................................................................4
Five Stakeholders.........................................................................................................................4
Example of good and bad ethics..................................................................................................5
Recommendation.........................................................................................................................6
Describe the theories....................................................................................................................6
Apply the theories........................................................................................................................7
Recommendations........................................................................................................................8
Part 2 REFLECTIVE ESSAY.........................................................................................................8
REFERNCES:................................................................................................................................11
Books and Journals:...................................................................................................................11

INTRODUCTION
Business ethics are concerned with wrong and right and generally concentrating on what
are the strategies which is best for the investors and stakeholder. On the other side, the social
responsibility is concentrating on the organisation effects on the surroundings and on the
community. Unethical practices and ethics are increasing in which there is one key issue that is
gender gap(Worthy, 2019). Gender gap is the difference among men and women which are
echoic as in political, intellectual, cultural, social attainments and many more. The gender gap
analyse and identify that is the company is doing any unethical practices like differences in
salary on the behalf of genders instead of performance. It is much partial for the gender of
women. This report is going to analysis and conducts the impacts of gender gap with the support
of case study which is given in the brief. In this report, there is Lloyds baking group has been
selected in order to show the impacts of gender gap.
MAIN BODY
Ethical issues
In the company, there are several kinds of ethical issues and problems which are rising in
the company. These problems create several impacts like minimise the efficiency of the workers.
The gender issues or the ethical issues in the community which is occurring and increasing
consistently. Gender gap is the term which shows the difference among the wages or salary of
the men and women. It determine and analyse that the unethical activities in the company are
rising day by day which is create impact on the society and on the morale of the individuality. In
this era. There are various individuals and company that do or perform several unethical
activities which is not good for the society and not for the employees as well. Now each and
every women is concentrating on their future. As they want to become financially in depended,
they want their bright future, But these kinds of thoughts and the activities of the companies in
context of unethical activities create impact on their future and also demotivate them in order to
grow and develop in their lives. The unethical behaviours is not good for any individual as it
create inequality among the people and reduce the respect for each other. These behaviour and
activities also go against the act of equality, 2010. Gender gap is one of the major and critical
ethical issue or problems that must be eliminate by the individuals or by the society because as, it

exploits the emotions and feelings of the individuals towards their quality and confidence.
According to the given case study, it has been analysed and determined that around in 2018,
there were around 250 organisation were needed to represent their data and pay sheet in order to
clear out the gender gaps. The prime minister of UK which is Theresa gave few names which is
burning injustice. It generally or clearly represent that the prime minister of the company is also
against the gender gap.
Role of business in society
Lloyds banking group is the organisation which manage or deals with financial services
in the United Kingdom. The company is very effective and one of the largest financial service
company( Varma, 2019). They have around 30 million and 65k workers in their company. Each
and every company required human resources department in order to operate and perform well
and direct their functions and operations in a very effective and appropriate manner. When in the
company there is no human resources department then its is become much difficult for the
company to dea l an manage the operations. The organisations is using society resources so it is
become their responsibility to behave ethically and appropriately. These kinds of things can be
done by the with the help of ethical practices and activities. From the investigation, it has been
analysed that the company Lloyds baking group is not doing and performing well because in
their company there is gender gap, which makes them ineffective and worst. In the company,
there is more than 30% gap in the company which create impact o9n the employees motivation.
As business activities plays an important role in the company, because as they are the part of
company in context of their failure and their gains. It is much required for the company that they
must perform or behave well with their employees so that they can minimise the bad or negative
impacts from the company and from the society as well. The performance and the behaviours of
the workers is completely relies on the behaviour and culture of the company. As the company
Lloyds banking company pay less salary or wages to female staff as compared to male staff and
these kinds of activities shows that, the organisation is doing unethical activities.
Five Stakeholders
In the Lloyds Baking group, There are several kinds of stakeholder that is consumers,
shareholders, workers, government, communities. All these individuals plays an important and
effective role in the company towards their growth and development and maintain a financial
stability in the company. As now a days there are several modifications occurs in the society, and

these modification create huge impact on the stakeholder. As because of the some unethical
practices and activities it is create impact on the workers and consumers of the company. As the
unethical practices and activities broke the trust of the consumers. As the unethical activities like
gender Gap make the consumers and employees unsatisfied and unhappy. For the Lloyds
Baking group the government authority also plays a important role because as they formulate and
imposed new policies and rules because of welfare of the society and company and for the
employees( Lee, 2017). It is much required for the company to act and operate according to the
rules and policies which are made by the government policies because if the company will not
operate according then it creates several issues and challenges for the company towards their
growth and development. According to the evaluation and investigation about the gender gap it
is analysed that, The political authority of the United Kingdom took an actions and activities to
remove or minimise the gender gaps among the society(Constantinescu and Kaptein, 2020)
( Prasetyo and Pratiwi, 2016). Now the shareholders or others investors only invest in the
company, when then review the reports because of several unethical activities and bad image in
the market. These all kinds’ things cater negative impact on the company towards their success
and reputation in the market.
From the above report and explanation it has been analysed and it represent that an
organisation must perform and do their responsibility and activities in order to accomplish their
targeted goals and objectives. It is much required for the company to perform ethical activities in
order to maintain the equality in the company and maintain good culture in the company.
Example of good and bad ethics
Ethics are the rules and regulations which support them to analyse and understand what
is correct and what is not. Each organisation has their personal rules and ethics in order to
perform and operate accordingly. These own and personal ethics follow in their activities in
order to behave appropriately and ethically in the company. There are few example of good and
bad ethics and how it create impact on the company and which are mentioned below:
Good ethics: It is much required and mandatory for the company, that they must follow
and adopt the ethical and good ethics in order to perform well and get several opportunities.
These good ethics create good impact on the society, because of good ethics they do not face
any kind of issues and problems. Unilever is the organisation that concentrating on their
sustainable growth and development. For maintain their growth in the market, they use or apply

several renewable resources in order to overcome the wastage that create negative impact in the
culture and create lots of pollution in the environment( Edwards, 2019). This is the best example
of amended and effective ethics because as it helps the company to accomplish their
organisational aims and objectives and accomplish their personal goals as well as.
Bad Ethics: In Lloyds Baking group, it is examined or determined that according to the
BBC report, Lloyds Baking group company has more than 30% Gender Gap in the company
which is something very bad. These unethical activities creates inequality among the employees
and also demotivate them and demoralise the female staff. They are required to perform ethical
activities in order to raise their efficiency and productivity in the market.
Recommendation
From the above report, it has been analysed that Lloyds Baking group company are
required to adopt few advised ion order to grow in the market and perform with good ethics in
the company.
 It is recommanded to the company that they should perform the good and ethical
activities in order to maintain the equality in the company and raise the
productivity in the company.
 They are also advised to behave equally with their consumers in order to make
them valuable in the company.
 They should perform fair and not biased activity in the company in order to raise
the morale of the employees, so that they can produce more positive outcomes
and become loyal towards the company.
TASK 2
Describe the theories
The theories of the ethics are the group or set of the principles which support the
company to do the activities and perform effectively in the company. These things caters a ideas
to the individual. About their behaviours and how they should perform in the company in order
accomplish their goals and objectives( Altmeppen, 2017). In other term ethical theories or
concept are the group principles and rules which assist the company in order to develop and
grow in the market. There are several theories and concepts which should be analysed and
understand by the company to get several directions and path In order to get opportunities. There

are few ethical theories which is very supportive and effective in the company and which are
mentioned below:
Denotological ethics: These ethics are the group of principles which described that each
individual should be proofed or treated with the good behaviour and dignity. These things can
be analysed and understand with a appropriate and simple explanation is that each and every
individual required a respect and good behaviour from the other members ( Alrgaibat, 2019). In
this theory, it is examined that the company must treat their workers so well and respect their
employees in order to motivate and encourage them towards the work.
Virtue Ethics: Virtue ethics is the term that advert to the utilisation of virtuousness, so
that they can develop or build good connections with the individual. It is much required for the
company that, they should use effective activities and perform well in order to build effective
connections. It is the responsibility of each and every individuals that they must communicate in
effective way which create better impacts on the person and on their emotions and sentiments.
Apply the theories
Applicability of the theories is completely relies on the company. In the given case study
which describe about the Gender Gap, it is much required for the company Lloyds Baking group
to use and apply best practices and activities of good ethics in order to get more opportunities
and minimise the gender gap. In order to use or apply the deontological ethical theories, they
should analyse the responsibility of the individuals in order to perform and act accordingly. They
should caters a good respect to their workers whether it is male or female. In order to maintain
the equality and overcome the gender gap they have to to pay salary according to their
capabilities and performance not on the basis of their gender. Virtue ethical theory is used on the
behalf of the nature of the functions and activities which means the company is required to act on
the basis of the behaviour of the individuals. It is much required for the organisation that they
should emphasise the behaviour and the nature of the individual. Lloyd's banking group is the
company which required performing ethically in the market place.
Critique
Each in every theory of ethics has their personal cons and pros that are mentioned below:
Deontological theory
 Pros: it is much supportive and helpful theory because as it caters respect to the workers
which help them to raise their efficiency and productivity in the organisation.

 Cons: it generate a possibility of the issues and conflicts among the workers and their
responsibilities.
Virtue theory
 Pros: it develop and enhance the connection among the individuals. The theory of virtue
is much supportive in order to boost and build the active connections with the consumers
 Cons it minimise the responsibilities and obligations of the client that must be used by the
consumers
Recommendations
The Chosen Company is the one of the largest company which caters financial services and
they has several workers which perform their functions and activities accordingly.
Unethical behaviour and culture in the company is identified by the crew members for
stakeholders and it creates negative impact on the company( Marcus and Hargrave, 2019).
So from the above mentioned discussion, there is little recommendation that help them to
improve their activities and perform effectively in the company.
◦ It is recommended to the company that they should use the ethical theories in order to
identify the direction which is appropriate for the organisation and enhance their
productivity in the organisation.
◦ They are also advised to perform ethically in the company in order to minimise the
conflicts and this satisfaction of the consumers and employees.
◦ They are also recommended to take an opinion or idea about the ethical theories
because it help the company to make decisions and take direction in that way which
help them to perform their responsibilities and activities in the organisation.
Part 2 REFLECTIVE ESSAY
Ethical leadership management is the concept and the procedure which is sure about the ethical
behaviour of the individual in the organisation. Ethical leadership is the concept of leadership
that upgrade the performance and operations of the leaders like honesty trust fairness buyers and
many more. It help the company to boost the the appropriate activities with the utilisation of of
personal action. On the basis of the case study it has been analysed that ethics is very important

for the organisation in order to improve an upgrade the the organisation culture. In order to
improve the culture of the organisation the company are developing and enhancing the ethics
quality in the leaders so that they can get several opportunities and grow in the market. It is also
analysed that the company should perform their activities in that way which maintain the
integrity and the good culture in the environment of the organisation. It is much required for the
person that they should analyse the meaning of the integrity in order to behave in the
organisation and respond to any activities. These kinds of activities are very under tree for the
organisation to maintain them in order to accomplish their objectives and goals for stop as
integrity support the organisation to gain the trust of the consumer's because it bring peace in the
organisation. Does integrity is very important for the company and plays an important role in the
organisation. In order to maintain the gender gap and equality the company are required to treat
their consumers and employees equally so that they can improve the performance and
productivity of the company. Also they can motivate their schemes and employees so that they
can speak with confidently and get more positive outcomes towards the organisation. There are
several kinds of negative impact of the ethical issues which are arising in the company. It is very
required for the organisation and for every employee to inform about the negative effects of the
analytical issues which are conducting by the any organisation in order to overcome these kinds
of activities and create fair and appropriate culture in every organisation. From the above report
analyses that ethical leadership is much important for each in every company and their success in
the market. I analyse that any organisation can accomplish their objectives and goal with the
utilisation of ethical practices( Shen and Benson, 2016). In this case study I learn that the ethical
leadership concept which is performed or operate by the leader that required very special skills
which support them to work effectively and maintain the challenges which is faced by the any
organisation. I also analyse that leaders can perform effectively in the market with the several
activities and use of examples. These all activities of ethical activities and operations in hence
the performance of the employees and overcome the challenges which are arising in the
company. From the above mentioned report I determined that each leader faces several kinds of
challenges and stressed situation in this company so that is why it is much required for them to
maintain and operate the functions and activities on the behalf of the any circumstances and
situations. So for maintaining and manage the activities it is very required for the leaders to
develop the skills in order to achieve their goals and objective. From the above mentioned

discussion which is about the ethical behaviour of the leadership is much required for every
company in order to perform effectively and get more positive outcomes. It is much necessary
for the company that they should and they are required to operate their functions and activities
very appropriately without any biasness in order to maintain the ethics in the organisation.
CONCLUSION
From the above-mentioned report it has been concluded that each and every individuals
in the company is affected by the activities and the function of the company which is conducted
by them. It is identify the every organisation must behave ethically in the organisation in order to
perform effectively. Ethical practices and activities are very advantages for the organisation in
for the person as well who are associate with the company. It is very required for the
organisation to perform their functions and operations according to the ethical theories that will
help them to increase their capacity and sustainable growth in the organisation. In this report it
has been analysed that the significance of the ethics I am requirement of the ethics are very
helpful and supporter for the company to become much effective in the market and get more
opportunity in order to to grow and develop themselves.

REFERNCES:
Books and Journals:
Worthy, J., 2019. Business Ethics, Organization Ethics, and Systems Ethics for Health
Care. Systems Thinking and Moral Imagination: Rethinking Business Ethics with
Patricia Werhane, 48.
Varma, S., 2019. Why learn business ethics?—Students’ conceptions of the use and exchange
value of applied business ethics. Asian Journal of Business Ethics, 8(1), pp.107-125.
Lee, D., 2017. Corporate social responsibility and management forecast accuracy. Journal of
Business Ethics, 140(2), pp.353-367.
Edwards, J.R., 2019. The peaceful coexistence of ethics and quantitative research. Journal of
Business Ethics, pp.1-10.
Alrgaibat, M.A., 2019. Governance and Business Ethics (Arab countries). Global Journal of
Management And Business Research.
Marcus, A.A. and Hargrave, T.J., 2019. Managing business ethics: Making ethical decisions.
Sage Publications.
Shen, J. and Benson, J., 2016. When CSR is a social norm: How socially responsible human
resource management affects employee work behavior. Journal of management, 42(6),
pp.1723-1746.
Altmeppen, K.D., 2017. Altmeppen, Klaus-Dieter, Prof. Dr., is a professor at the School of
Journalism at Catholic University Eichstaett-Ingolstadt. His research focuses on the
economics, management, and orga-nization of media; the structures, ethics, and
accountability of journalism and media; and enter-tainment acquisition and
production. Bachmann, Claudius is a research associate at the Catholic University
Eichstätt-Ingolstadt. Value-Oriented Media Management, p.237.
Constantinescu, M. and Kaptein, M., 2020. Virtue ethics and CSR: The two sides of sustainable
organizational performance. In Intrinsic CSR and Competition (pp. 119-132). Palgrave
Macmillan, Cham.
Prasetyo, A. and Pratiwi, I.K., 2016. Islamic Business Ethics Implementation In Marketing
Communication of Hajj/Umrah Travel Agency “X” Surabaya. Al-Iqtishad: Jurnal Ilmu
Ekonomi Syariah, 8(1), pp.81-100.