Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 2 Information Subject Code: MBA402 Subject Name: Governance, Ethics and Sustainability Assessment Title: Code of Ethics Assessment...

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Page 1 Kaplan Business School Assessment Outline Assessment 2 Information Subject Code: MBA402 Subject Name: Governance, Ethics and Sustainability Assessment Title: Code of Ethics Assessment Type: Code of Ethics Choose an item.: 2,000 Words (+/-10%) Weighting: 30 % Total Marks: 30 Submission: Via Turnitin Due Date: Week 10 Your Task You are required to research recent news articles and other information about Westpac Bank. Here is an example of a recent news article describing some of the corporate governance issues at Westpac Bank: https://www.bloomberg.com/news/articles/2019-11-27/why-heads-are-rolling-at-another-big-australian- bank-quicktake You must then draft a Code of Ethics for Westpac Bank Assessment Instructions Your Code of Ethics for Westpac Bank must specifically address: A. Discrimination B. Exploitation C. Corruption D. Dishonest and Fraudulent Behaviour E. Whistleblower Protections F. Enforcement You will be required to include a minimum of 5 references in your Code of Ethics which must come from academic journals or textbooks. For further guidance here are the links to three example company codes of ethics: 1. Wesfarmers - http://www.wesfarmers.com.au/docs/default-source/corporate-governance/code-of- Ethics---may-2015.pdf?sfvrsn=8 2. Stockland - https://www.stockland.com.au/about-stockland/corporate-governance 3. Woolworths - http://www.woolworthsgroup.com.au/icms_docs/183764_Code_of_Ethics.pdf https://www.bloomberg.com/news/articles/2019-11-27/why-heads-are-rolling-at-another-big-australian-bank-quicktake https://www.bloomberg.com/news/articles/2019-11-27/why-heads-are-rolling-at-another-big-australian-bank-quicktake http://www.wesfarmers.com.au/docs/default-source/corporate-governance/code-of-conduct---may-2015.pdf?sfvrsn=8 http://www.wesfarmers.com.au/docs/default-source/corporate-governance/code-of-conduct---may-2015.pdf?sfvrsn=8 https://www.stockland.com.au/about-stockland/corporate-governance http://www.woolworthsgroup.com.au/icms_docs/183764_Code_of_Conduct.pdf Page 2 Kaplan Business School Assessment Outline Important Study Information Academic Integrity Policy KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Ethics Policy. What is academic integrity and misEthics? What are the penalties for academic misEthics? What are the late penalties? How can I appeal my grade? Click here for answers to these questions: http://www.kbs.edu.au/current-students/student-policies/. Word Limits for Written Assessments Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded. Study Assistance Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information. http://www.kbs.edu.au/current-students/student-policies/ https://elearning.kbs.edu.au/course/view.php?id=1481 Page 3 Kaplan Business School Assessment Outline Assessment Marking Guide Criteria F (Fail) 0%-49% P (Pass) 50%-64% CR (Credit) 65%-74% D (Distinction) 75% - 84% HD (High Distinction) 85%-100% Mark Code of Ethics Discrimination Code of Ethics does not adequately explain the concept of discrimination. Code of Ethics fails to expressly prohibit discrimination. Discrimination is sufficiently explained in the Code of Ethics. Discrimination is expressly prohibited but more information required to clarify the forms of behavior that amount to discrimination. Specific examples of discrimination are included in the Code of Ethics to support accurate explanation. Express prohibition of discrimination included making it clear that specific examples of behavior provided are in breach. A detailed explanation of the concept of discrimination is provided for in the Code of Ethics supported by relevant examples. Such discrimination is expressly prohibited by the Code of Ethics. Discrimination is comprehensively explained and supported by directly relevant examples. Such discrimination is expressly prohibited by the Code of Ethics with cross reference made to potential sanctions in the Enforcement section. /4 Code of Ethics Exploitation Little to no discussion of the meaning of exploitation. No express prohibition of exploitation in Code of Ethics. Code of Ethics includes adequate outline of the concept of exploitation. Express prohibition of exploitation is included but further details are necessary to better illustrate what forms of exploitation will not be tolerated in the organization. Exploitation is clearly explained in the Code of Ethics with specific examples included. Exploitation is expressly prohibited and a direct reference is made to examples provided as being in breach. Elaborate explanation of the concept of exploitation is provided for in the Code of Ethics and supported by helpful examples. Exploitation is expressly prohibited by the Code of Ethics. Exploitation is thoroughly explained and supported by multiple relevant examples. The Code of Ethics expressly prohibits exploitation and refers to potential sanctions in the Enforcement section. /4 Code of Ethics Corruption Code of Ethics does not adequately explain the concept of corruption. Code of Ethics fails to expressly prohibit corruption. Corruption is sufficiently explained in the Code of Ethics. Corruption is expressly prohibited but more information required to clarify the forms of behavior that amount to corruption. Specific examples of corruption are included in the Code of Ethics to support accurate explanation. Express prohibition of corruption included making it clear that specific examples of behavior provided are in breach. A detailed explanation of the concept of corruption is provided for in the Code of Ethics supported by relevant examples specifically including corrupt activity. Such corruption is expressly prohibited by the Code of Ethics. Corruption is comprehensively explained and supported by directly relevant examples including corruption. Such corruption is expressly prohibited by the Code of Ethics with cross reference made to potential sanctions in the Enforcement section. /4 Page 4 Kaplan Business School Assessment Outline Code of Ethics Dishonest & Fraudulent Behaviour Little to no discussion of the meaning of dishonest and fraudulent behaviour. No express prohibition of dishonest and fraudulent behaviour in Code of Ethics. Code of Ethics includes adequate outline of the concept of dishonest and fraudulent behaviour. Express prohibition of dishonest and fraudulent behaviour is included but further details are necessary to better illustrate what forms of dishonest and fraudulent behavior will not be tolerated in the organization. Dishonest and fraudulent behaviour is clearly explained in the Code of Ethics with specific examples included. Dishonest and fraudulent behaviour is expressly prohibited and a direct reference is made to examples provided as being in breach. Elaborate explanation of the concept of dishonest and fraudulent behaviour is provided for in the Code of Ethics and supported by helpful examples specifically including dishonest and fraudulent behavior. Dishonest and fraudulent behaviour is expressly prohibited by the Code of Ethics. Dishonest and fraudulent behaviour is thoroughly explained and supported by multiple relevant examples including dishonest and fraudulent behavior. The Code of Ethics expressly prohibits dishonest and fraudulent behaviour and refers to potential sanctions in the Enforcement section. /4 Code of Ethics Whistleblower Protections Code of Ethics does not adequately explain the concept of whistleblower or the need for adequate protections. Code of Ethics fails to expressly provide for whistleblower protections. Whistleblowing is sufficiently explained in the Code of Ethics with consideration of the need for protections. Whistleblower protections are expressly provided for but more protective measures required to encourage whistleblowers to come forward. Specific examples of whistleblowing are included in the Code of Ethics to support accurate explanation. Express provision of whistleblower protections included making it clear that specific examples of behavior provided are entitled to protection. A detailed explanation of the concept of whistleblowing is provided for in the Code of Ethics supported by relevant examples. Such whistleblowing is expressly protected by the Code of Ethics. Whistleblowing is comprehensively explained and supported by directly relevant examples. Such whistleblowing is expressly protected by the Code of Ethics with cross reference made to potential sanctions in the Enforcement section. /4 Code of Ethics Enforcement Little to no discussion of the enforcement and its purpose. No express provision for enforcement in Code of Ethics. Code of Ethics includes adequate outline of the enforcement. Express provision for enforcement is included but further structure is necessary to better illustrate sanctions for breach and deter breaching behavior. Enforcement is clearly explained in the Code of Ethics with specific examples included. Enforcement is expressly provided for and a direct reference is made to examples provided as being in breach with corresponding sanctions clearly illustrated. Elaborate explanation of the concept of enforcement is provided for in the Code of Ethics and supported by helpful examples specifically including discrimination , exploitation, corruption, dishonest and fraudulent behavior, and whistleblower protections. Enforcement is expressly provided for in the Code of Ethics. Enforcement is thoroughly explained and supported by multiple relevant examples including discrimination, exploitation, corruption, dishonest and fraudulent behavior, and whistleblower protections and more. The Code of
Answered Same DayMay 21, 2021MBA402

Answer To: Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 2 Information Subject Code:...

Kshitij answered on May 24 2021
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        Full Title of Paper        
        First Name Last Name        
        Course Code: Course Name            
        Instructor’s Name    
        Date of Submission        
Governance, Ethics, and Sustainability
Code of Ethics for Westpac Bank
As per the company website, Westpac's vision is "To be one of the world's great service companies, helping our customers, communities, and people to prosper and grow. Five strategic objectives help achieve
goals.
1. Service Leadership – Westpac aims to be the leader in terms of service to its customers. Our policy is to achieve customer delight. We want to use data to arrive at better decisions that will help us anticipate customer needs and work towards creating solutions. We aim to have an unending zeal to learn new things, even from our competitors. We will strive to embrace industry best practices and incorporate the same into the daily fabric of the company.
2. Digital transformation – Westpac is committing to adopting early technological advancements that give the company a clear competitive advantage and which will differential itself from the competitors. This will be done through integrating technology and offering customers easy to use and understand solutions that are technology-enabled to offer a seamless experience. The company wants to embrace digital technology to change the way consumers do business with us. We want to better the lives of our customers by giving them the necessary tools that will ease the way they conduct business with the enterprise.
3. Performance discipline – Westpac wants to institute rigorous standards when it comes to performance measurements. The company is dedicated to incremental enhancements in performance, which will lead to long-term competitive advantage. The company will implement quality standards and continuous improvement methodologies to bring in efficiencies that will result in cost savings.
4. Growth highways – Goal of focusing on small to medium companies and look at high growth segments that offer more opportunities. The company will strive to identify areas that are more equitable from the business standpoint and focus on allocating more resources to take advantage of such opportunities.
5. Workforce revolution – To be the first choice for employees to come and work up. To become the employer who upholds the highest standards for its employee working conditions and capability development. The company is committed to raising the competence levels of its workforce. Periodic workshops and seminars will be conducted to engage the workforce and give them opportunities to learn and develop.
The company believes in the core values of integrity, service, one team, courage, and achievement. The company will always strive towards building a culture of innovation and inclusiveness.
Integrity – we will earn the trust of partners, employees, and investors by always acting with integrity
Service – providing exceptions levels of service to customers and always focusing on ways to delighting them
One team – we will operate as a single entity and will focus on what is suitable for the enterprise always
Courage – we will always be early adopters of technology and take calculated risks to benefit our customers and employees
Achievement – we will always be results-driven and goal-oriented
A. Discrimination - At Westpac, we work to create a culture that is inclusive and respects each individual for their uniqueness and the value that they bring, without any discrimination based upon caste, creed, ethnicity, or color. We will constantly make efforts to maintain a work environment that is positive and nondiscriminatory. Besides, we strive to uphold the Harassment Prevention code at all times. No degree of discrimination will be allowed at any level. The Ethics Committee will keep a strong oversight to ensure that the company culture is without bias and nondiscriminatory.
B. Exploitation – Westpac believes in observing transparency and fairness in all of its transactions. Nobody will be subject to financial exploitation. Every employee will strive towards offering...
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