Purpose: This teamwork, scenario and practice – based assessment is designed to allow students to research and critically analyse the organisational practice and culture that impede and enhance...

Code Of Conduct
Code Of Conduct
Topic: The Effects of Ethics and Culture in a Learning Organization.
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Contents
Introduction    2
Background of the case    3
Explain the factors which caused recent ethical scandals by applying relevant learning organization theories.    4
Corporate Governance Analysis    4
Analyze the current organization culture and its effect to organizational learning at the Bank.    5
Recommend suitable strategies for Banks to comply with ethical standards     6
Corporate Governance Discussion based on ASX 2010 Principles and recommendations    6
Prepare a code of conduct that will guide employees to be more ethical. In a fierce competition, only one consultancy will be granted a contract (equals - The winning student group will receive a prize)     7
Conclusion    8
References    9
Introduction
In this report, the case of ANZ will be analyzed to understand how the organization failed to maintain the standards that led to bank violations of banking laws. In the recent report of the Royal Bank of the Bank, the behavior of ANZ employees has been announced. ANZ's various employees were found to have violated their responsibilities, resulting in improper loans to customers. ANZ is considered to be Australia's top economic institutions. Therefore, the purpose of this report is to assess what the ethical analysis questions raised in these events are and will conduct an assessment to understand how ANZ violates the law by not complying with corporate governance policies.
Background of the case
The Royal Commission, which entered banks and pensions, conducted a survey in which various actions of banks were reported to be questioned (Royal Council, 2018). The Royal Bank of the Bank found in the investigation that ANZ violated the banker's code. The bank found that the bank provided overdrafts or allowed the funds under the shadow limit to exceed the funds in the account (ABC News, 2018). The committee has found various evidence that ANZ found violations of the bank code (Chang and Lee, 2007). The fees levied on the 104 pages of terms and conditions provided by ANZ are up to $54 per month and over $60 overdraft. The overdraft fine was over 17% (Caldwell, 2018). The committee found that ANZ failed to notify ASIC and may be responsible for ASIC penalties. The committee alleged that ANZ deliberately did not notify ASIC. It is alleged that ANZ has not yet carried out its work fairly and responsibly. ASX listed companies must follow some of ASX's principles and recommendations, and it seems that bank behavior does not seem to be followed. ANZ has failed to comply with corporate governance and ethics by analyzing the actions of the Royal Bank of Bank. Morality and governance play an important role in the company, so these types of behavior can be ignored (Gallagher, 2015).
Explain the factors which caused recent ethical scandals by applying relevant learning organization theories.
Corporate Governance Analysis
Corporate governance is the rules and regulations that guide the company's efficient operations. Every organization that wants to build a good culture in the organization needs corporate governance (Heaton, 2017). There are some corporate governance theories that analyze organizational culture. There are some theories:
1. Agency Theory- This corporate governance theory states the relationship among the principal and the agent. Principal under the theory is the company's shareholder. The agent under the theory is the company's director, senior staff and senior management. The theory states that the principal and the principal's principal are...