Given recent Royal Commission into Misconduct in Banking, Superannuation and Financial Services Industry, an organisation should promote ethical and responsible decision making by:(i)   having clearly specified codes of conduct for employees and management;(ii)  having standards for dealing with various organisational stakeholders;(iii) having procedures to be followed when investigating potential unethical activities within the organisation;(iv) taking legal actions immediately against unethical conducts.Question 3AnswerSelect one:a.(i) (ii) (iii) onlyb.(i) (iii) (iv) onlyc.(i) (ii) (iii) (iv)d.(i) only

Select all that applyWhen it comes to fairness and honesty, which two actions are expected of businesses?Multiple select question.To justify unethical practices to the firm's stakeholdersTo avoid harming customers, employees, clients, or competitorsTo exercise caution in using coercive or deceptive practicesTo follow applicable laws and regulations

In terms of the third principle of the King IV Code on corporate governance, the governing body should ensure that the organisation is and is seen to be a responsible corporate citizen.Identify the recommended practice by the governing body that relates to the third principle.a.Approve codes of conduct and ethics policies that articulate and give effect to its direction on organisational ethics.b.Being transparent in the manner in which the governing body exercise their governance role and responsibilities.c.Assuming responsibility for corporate citizenship by setting the direction for how it should be approached and addressed by the organisation.d.Exercising courage in taking risks and capturing opportunities, but to do so in a responsible manner and in the best interests of the organisation

Ethics are the ____________ that are essential in the design and implementation of corporate governance.a.accountabilityb.examplesc.regulationsd.guidelines

What are the consequences of unethical behaviour in organisations

What’s the best way to manage the situation where individuals rationalize committing misconduct in an organization?By having a strong ethical culture in the organizationBy reinforcing the individual’s own moral principlesBy having the proper preventive and detective controlsBy communicating corporate values and emphasizing those values