Preview

Telsto Code Of Ethics Case Study

Good Essays
Open Document
Open Document
1652 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Telsto Code Of Ethics Case Study
accountable to the Board, the Board is accountable to the stakeholders. So, these accountabilities compel the company to carry out its actions versatilely. Also, Telstra's reviewing and monitoring make sure that all employees behave under ethical standards when it comes to the workplace. That keeps the company away from any legal troubles. So, these recommendations promote ethics in business. Recommendations include a) establishing a clear and documented relationship between rules and responsibilities of the Board and the stakeholders. Telstra fulfills this recommendation by developing the Board charter. b) Clarifying the role of the Chairman. Telstra clearly states in their corporate governance guidelines that the Chairman of the Board is …show more content…
The professional code of ethics teaches employees about how to function in the workplace. These codes include placing professional integrity and client interest above self-interest, acting with integrity, respect and competence, and developing and maintaining professional skills (Xin, Wei). An employee must understand the value of professionalism and integrity of the marketplace, duties to the client and the board, abilities to analyze and provide recommendations. It is important for the employees to follow these codes of ethics, as they are very important in maintaining a company's work environment. Employees should know how to maintain their workplace (Xin, Wei). This also goes for the executive and board members. Ethical standards should follow from the top of the chain to the bottom. Maintaining ethical standards keep the company out of legal delegations. It the Boards keys responsibility to review and monitor to ensure that the employees are following the professional code of …show more content…
It is important for big companies to keep track of their income and provide tax reports based on that in order to evade any legal crisis. Wrong or faulty ATO reports can cause the company billions. Tax reports are government allegations. So, meeting the deadlines of submitting these reports should never be taken lightly (Steger, Ulrich, and Wolfgang Amann). It is the responsibility of the CEO to make sure that the ATO reports are presented in front of the Board in time for approval, and the directors have to carefully review the reports for possible errors. It is not only their professional duty but it is also their ethical responsibility. That is why adherence to ATO reporting deadline is
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Ahzyim Queen CJE2671 12 Week 1
    • 252 Words
    • 1 Page

    Ahzyim Queen CJE2671 12 Week 1

    The basic objectives and standards of the code of ethics states that every employee will apply principled conduct toward each business associate, customer, and vendor. The code further states that when providing the products and services to the customers, every employee must follow the laws and regulations of the ethical code with integrity and respect. The purpose for the code is to assist each employee in complying with the advanced principles that the management team and board of directors designed and approved. The code also identifies how to comply with the applicable laws and regulations.…

    • 252 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    PHL 323 Week 4 System of Inquiry Paper
    • 655 Words
    • 3 Pages

    PHL 323 Week 4 System of Inquiry Paper

    Each business should have a framework for ensuring ethical behavior. The structure, format, and scope of codes vary depending on the company’s business. An oil company's code, for example, would probably have different criteria and emphases than a healthcare provider's code of ethics. Sometimes, codes of ethics are called by other names, such as an employee code of conduct. A code of ethics, though, should be differentiated from standard good operating practices.…

    • 655 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Hm Case Summary
    • 575 Words
    • 3 Pages

    Hm Case Summary

    Stringent transparency in all important matters (in particular regarding conflict of interests, third party transactions); Timely disclosure of the annual report (also in English);Reporting of non-financial risk related information…

    • 575 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Assignment 4 Dedra Strayer
    • 2845 Words
    • 8 Pages

    Assignment 4 Dedra Strayer

    According to Labor values every business should respect their employee in the best way, and they should handle their issue with respect and in an appropriate manner. Ethics is rules that are intended to direct employers in performing what is right and what is fair towards its employees. Employment standards expect every executive of any company or firm to treat its stakeholders as well as employees within the set standards. This applies to the entire community. For instance, values look ahead to the boss to hire, select, employ, and even take care of employees in a satisfactory way. Ethics is destined to guarantee that the manager does not misuse employees by taking advantage them (Perle, 2004).…

    • 2845 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    Analysis Of The Alaska Code Of Judicial Conduct
    • 365 Words
    • 2 Pages

    Analysis Of The Alaska Code Of Judicial Conduct

    Companies create a Code of Ethics and Code of Conduct to communicate their values, aspirations, and obligations. These Codes also serve to clarify and provide guidance to employees for ethical behaviors and decision making. While the Code of Ethics provides a short description of a company’s objectives, the Code of Conduct expands upon these objectives and is tailored to each company’s specific business and job classification. When Codes are violated, disciplinary action should be taken.…

    • 365 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Mgt 498 Ethics Paper
    • 737 Words
    • 3 Pages

    Mgt 498 Ethics Paper

    Establishing a universal understanding of ethics and expanding the knowledge and of ethics will strengthen the corporation socially by enforcing respect towards everyone, respect for the organization and a corporation that is working together to form a universal business. Ethics are the morals, values, and beliefs of individuals it is the right and wrong behavior and believes of individuals. The importance of establishing and maintain an ethical business is to prevent various types of litigations against the company; protecting the business, stakeholders, managers, and employees. Smart corporations operate proactively rather than reactively, preventive measures such as human resource training modules, computer based training (CBT), employee handbooks, and semi-annual reviews, and company surveys will serve as a matrix to measure and identify the ethics and social responsibility of the organization.…

    • 737 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Hsm/230 Code Of Ethics Research Paper
    • 667 Words
    • 3 Pages

    Hsm/230 Code Of Ethics Research Paper

    When a person works in any type of business or organization they are required to show certain standards in their work and have a set of morals in which they conduct themselves by. This is often referred to in business as a code of ethics. A code of ethics is a set of principles which are designed to help people conduct business with honesty and integrity ("Code of Ethics", 2013). In most companies their code of ethics involves their mission, vision, values, and purpose for the organization. The code of ethics also represents the organizations core values and ethical principles in which each employee should uphold. These same standards and beliefs are shared in many…

    • 667 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    EST1 TASK2
    • 1014 Words
    • 4 Pages

    EST1 TASK2

    The importance of ethics in business is highly valued as it helps to determine how the company is perceived by the society and others. All members of Company X are required to follow this section to help the company, employees and clients.…

    • 1014 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Bus 520 Individual Ethics Paper
    • 934 Words
    • 4 Pages

    Bus 520 Individual Ethics Paper

    Every organization has a standard or code of ethics every employee is expected to adhere to. Not everyone within an organization share the same moral values or principles, this is due to cultural differences and understanding ethics competency. Ethics competency is described as the knowledge, skills and abilities to incorporate values and principals that distinguish right from wrong when making decisions and choosing behaviors ( Hellriegel & Slocum, 2011p.10). How one determines right from wrong is based on their personal beliefs but behavior and conduct within an organization should be universal, in order for an organization to be effective. Ethical issues within an organization is common because of personal differences , these ethical issues influence the decisions employees make daily (Hellriegel & Slocum, 2011). Lawrence Kohlberg’s model of moral development suggests there are stages through which individuals evolve, ranging from the lowest stage obedience and punishment orientation, to the highest stage; universal ethical principles (Hellriegel &…

    • 934 Words
    • 4 Pages
    Better Essays
    Read More
  • Good Essays

    Ethical Organizations Profile
    • 658 Words
    • 3 Pages

    Ethical Organizations Profile

    A code of ethics set out a broad-spectrum of principles regarding an organization's beliefs on matters such as operation, value, confidentiality or the environment. Codes of ethics are common channels to decisions concerning the actions of employees in an association. In our organization there exists a formal code of ethics. Our code of ethics consist of standards like conflict of interest where we state that we must stay away from circumstances where individual interests could conflict, or become visible to a conflict, with the interests of the corporation. Our character depends not simply on our high quality services and products but moreover on the manner in which we carry out our relationship with suppliers, government officials, businesses and others outside this company. Our code of ethics also includes conformity with laws, rules and regulations where our company and our employees are required to observe the laws, rules and regulations of each country in which we operate. Another thing is security of confidential information which declared that no employee shall without proper authority access, modify, divulge or make use of any trade secrets, confidential commercial Group or private information for any purpose other than legitimately carrying out his or her responsibilities. Next is the safeguarding and proper use of company assets this includes being accountable for the establishment of, and adherence to, procedures that guarantee our assets are not put in a risk or used wastefully. Another thing which is stated in our code of ethics is the relationships among customers and suppliers where every one of our employees has the responsibility to make certain there are no compromises in delivering the highest standard of services and products and that each aspect of our operations which impacts upon quality promotes and reflects these standards. Nobody should receive unfair advantages of anyone in the course of…

    • 658 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Code of Ethics
    • 2087 Words
    • 9 Pages

    Code of Ethics

    The purpose of this code of ethics is to set ethical principles and standards to guide employees and management conduct. This is designed to help the company meet relevant needs and considerations when internal conflict arises. Likewise, this familiarizes employees with company’s mission, values and principles and gives the opportunity to assess unethical conducts for sanctions.…

    • 2087 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Good Essays

    Code of Ethics of Goldman Sachs'
    • 829 Words
    • 4 Pages

    Code of Ethics of Goldman Sachs'

    The code of ethics is adopted by organizations to assist members in understanding the difference between 'right' and 'wrong' and in applying that understanding to their decisions. An effective code of ethics should also help to delineate the proper procedures to determine whether a violation of the code of ethics has occurred and, if so, what remedies should be imposed. After reviewing the company’s code of ethics, we found that it has well established the concept of business ethics and the company’s objective, and also several kinds of encouragement to promote the ethical business behavior effectively. The company’s code of ethics, however, is not practical enough for implementation as the content is too general and vague, and there are not enough guidelines and regulations to help the staff to detect or solve the ethical issues.…

    • 829 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Ethics In Childcare
    • 1113 Words
    • 5 Pages

    Ethics In Childcare

    Along with yearly training and continual education courses, all staff is to re-sign the agreement to uphold the code of ethics every three years; the code of ethics is first presented during the application process and signed at the time of hire. By recognition, a code of ethics is “a written statement of the standards of behavior and ethical principles a company expects from its employees” (Scarborough & Cornwall, 2016, p.…

    • 1113 Words
    • 5 Pages
    Good Essays
    Read More
  • Best Essays

    Can Corporate Governance Mechanism Prevent Corporate Fraud?
    • 3005 Words
    • 13 Pages

    Can Corporate Governance Mechanism Prevent Corporate Fraud?

    AUSTRALIAN SECURITIES EXCHANGE (2008) Corporate Governance Principles and Recommendations. ASX Corporate Governance Council, 2nd Edition.…

    • 3005 Words
    • 13 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    Source Review
    • 380 Words
    • 2 Pages

    Source Review

    On the one hand, the key principles of the ASX Corporate Governance Council’s principles and recommendations have a strong focus on ethics. For instance, principle 2 is that ‘Structure the board to add value.’ This principle requires companies be responsible, which reflects responsibilities and duties on business ethics. However, some of recommendations of principle 2 are irrelevant to the…

    • 380 Words
    • 2 Pages
    Satisfactory Essays
    Read More

Related Topics