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BUSN104 Money Matters: Banks are pillars in Australian Society - Ethics and Sustainability Assignment Help
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Ethics and Sustainability Assignment
Banks are pillars in Australian Society. As Australia has grown and changed – so to has the banking industry. Besides everyday banking, banks are involved in a myriad of industries and provide onshore and offshore financial services such as financing large operations and moving into the insurance market. CommInsure is one of Australia’s largest insurers and is the insurance arm of the Commonwealth Bank of Australia (CBA). CommInsure was embroiled in various deceitful practices such as misusing of medical reports including deleting files and pressuring doctors to change their opinions so that client claims can be rejected, changing the definition of diseases, delaying payouts, etc. The program that ABC TV aired on CommInsure scandal (link below) will provide you an overview of the case. https://www.youtube.com/watch?v=MjtLq73aVzU This assessment is in two parts. The first part requires students to work collaboratively to:- Identify espoused levels of behavior by the CBA (from its Corporate Responsibility Report) and actual behavior demonstrated by CommInsure that breaches aspects of the CRR report.
- Identify sections of the relevant Code of Conduct within the CBA that have been breached by CommInsure.
- complete an individual report based on the findings in Part A.
- submit the group table to Part A as an appendix to the individual report.
- the CRR Report suggests should happen and CommInsure breaches and
- the CBA Code of Conduct and CommInsure breaches.
- Describe CommInsure’s practices and financial decisions ii. Briefly describe the coverage of CBA’s Corporate Responsibility Report (CRR). iii. Evaluate the CommInsure practices relative to the CBA’s CRR Report. iv. Explain whether sustainability and socially responsible outcomes really matter to the CBA. If they do not matter, should they? v. Identify ethical principles breached by CommInsure in comparison to the CBA’s Code of Ethics. vi. Discuss those ethical violations with reference to a stakeholder of your choosing.
- The reference list, tables, figures and any appendices are not included in the page count.
- Ensure you read the rubrics below (appendix 1 and 2) thoroughly. They have further information on requirements.
- Assignment cover sheet Student name and number
- Executive Summary
- Body (with subheadings that answer each question)
- Conclusion
- Bibliography
- Appendix
- be typed using one-and-a half (1.5) spacing left justified.
- use Arial or Times New Roman font size 12.
- display a one inch margin on all sides.
- appropriately cite reference original work, author(s) etc. Citation and referencing must conform to Harvard referencing system.