This report delves into the ethical dimensions of the gender pay gap, using Lloyds Banking Group as a case study. It begins with an introduction highlighting the rising unethical practices, particularly in wage disparities based on gender. The main body analyzes the ethical issues, emphasizing the negative impact on employees and society, and the violation of the Equality Act 2010. The report examines the role of business in society, specifically focusing on Lloyds Banking Group's performance and its stakeholders, including customers, investors, and governments. It provides examples of good and bad ethics, contrasting Unilever's sustainable practices with Lloyds Banking Group's gender pay gap. The report recommends actions for Lloyds Banking Group to improve ethical behavior and reduce the pay gap. It then describes and applies ethical theories such as deontological and virtue ethics, critiquing their pros and cons. Finally, the report offers specific recommendations for Lloyds Banking Group to enhance its ethical practices. A reflective essay and conclusion complete the assessment, summarizing the key findings and insights into ethical leadership and management.
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