Diversity Code Of Conduct

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REPORT: Codes of Conduct and Codes of Ethics CQUniversity Prepared by: Steef Vendy Student Number: S0218457 Due on Thursday 05 September 2013 Lecturer: Jantharat Phan-athiroj Tutor: Jantharat Phan-athiroj ACCT19083 Corporate Governance & Ethics Executive summary This report was commissioned to examine what are stakeholder groups and which are those stakeholder groups affected by Brisbane City Council and CQUniversity Code of Conducts, this report also aim to explain why the emerging business ethic issues arise and what those issues are. It also attempt to explain the aspects of the codes of conducts in response to mandatory and voluntary requirements by providing example and evidence which lead to the study of…show more content…
It provides the guidelines as to how the company or organization can be directed or controlled such that it can be fulfill its goals and objectives in a manner that adds to the value of the company or organization and is also beneficial for all stakeholders in long term. It is clear that CQUniversity and Brisbane City Council’s code of conducts demonstrate how both of the organizations are controlled and directed by regulations, laws and rules. Transparency is an essential element of a well functioning system of corporate governance. Corporate disclosure such as the annual report, the operating and financial review, the profit and loss account, balance sheet, cash flow statement, and other mandatory items to stakeholders are the measurement of the corporate or organization transparency. Which unfortunately is not much mentioned in both the code of conduct documents. Even when it’s mentioned it isn’t that clear for example in the second principle of Brisbane City Council’s Code of Conduct on section (ii) Public Money section it says “You must maintain high standards of accountability if you collect and use public money.” The sentence of high standards is very unclear and absurd and in the first principle on section (vi) on accepting gifts and benefits it says, “Occasionally you could be offered gifts or benefits from people with whom you do business. You can accept gifts or benefits in certain circumstances, however you must not accept any gifts or benefits if there is a possibility that in doing so, you could create a real or perceived conflict of interest. For example, ask yourself if accepting the gift or benefit could suggest that the giver may or would receive favorable treatment. Your supervisor can advise you about the receipt of gifts, gratuities and benefits.” Again it’s absurd and unclear, it doesn’t mention
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