Anz Business Ethics

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The second case here will be looking at the other practices of another conglomerate in the other developed world, which are about the banking sector of ANZ in Australia (Aus) and New Zealand (NZ). The aim of the principles that will be explained here quite soon is to ensure the delivery of superior long-term total shareholder return, take proper account of employees, customers, and others that ANZ does businesses with including the communities and environments in which it operates. ANZ places its great importance to honesty, integrity, quality, and trust to build its market base. There are 8 codes of ethics and conducts of ANZ Royal listed herein: 1. We act in ANZ’s best interests and value ANZ’s reputation. 2. We act with honesty and…show more content…
The employee commitment comes from those employees who believe that their future is tied to the future of the organizations they are working for. Those who are quite committed sacrifice their willingness and effort for the sake of the company. The more the company is dedicated to taking care of employees, the more likely that the employee will take care of its organization just like their home. Ethical culture also contributes to customer satisfaction over the given products or services that the company are holding. The company really makes the difference from its competitive environment through being the best in everything they do, so is the employee encouragement. Knowing that the employee is the key to enduring relationship with its customers, code of ethics plays a major role in making the company outstanding and…show more content…
In 2007 the International Federation of Accountants has defined its International Good Practice Guidance, "Defining and Developing an Effective Code of Conduct for Organizations". The International Federation of Accountants who works on that for quite long already provided the following definition: "Principles, values, standards, or rules of behavior that guide the decisions, procedures and systems of an organization in a way that (a) contributes to the welfare of its key stakeholders, and (b) respects the rights of all constituents affected by its operations." A common code of conduct, which is normally recognized by international institution and standard, is written and compiled for employees of a company to protect the business and informs the employees of the company's expectations. The document, which will then be used to share to the employee, does not need to be complex or have elaborate policies, but the file needs a simple basis of what the company expects from each
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