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BMA735 Management Ethics
Questions:
Westpac CEO Pushed Out amidst Child Exploitation Scandal Westpac Chief Executive Officer, Brian Hartzer has become the first casualty of the money laundering and child exploitation scandal that has engulfed the major bank. He has been pushed out as Westpac, a major lender, battles an investigation by Australia’s financial intelligence agency over a money laundering and child exploitation scandal.
The bank’s leader stepped down on December 2, 2019 with a hefty golden handshake of 12 months’ pay, which amounts to $2.7 million. Westpac Chairman, Lindsay Maxsted said that the board had accepted the “gravity” of the issues raised by AUSTRAC.“As was appropriate, we sought feedback from all our stakeholders including shareholders and having done so, it became clear that board and management changes were in the best interest of the bank,” he said in a statement released to the Australian Securities Exchange.
Mr Hartzer said that he was ultimately accountable for everything that happens at the bank. “It is clear that we have fallen well short of what the community expects of us, and we expect of ourselves,” he said in a statement issued by Westpac.It comes after a report in The Australian revealed Mr Hartzer attempted to lobby support from Westpac’s senior leaders by saying the scandal was not playing out as a high street issue. He added that reading the newspapers like the Fin (The Australian Financial Review) and The Australian, makes everyone believe that the world is ending, but people in mainstream Australia go about their daily lives, “this is not a major issue, so we don’t need to overcook this.’’
Assignment guidelines:
1. The expected word count is 2000 words with a leeway of +/- 10%.
2. References are not included in the word limit
3. It is expected that your report will incorporate references at least fifteen (15) sources of academic literature.
Assignment requirement:
1.The objective of AT1 is for you to critically analyze the case study provided from the perspective of management ethics.
2. You are required to
a. identify key ethical issues in the case studies using ethical theories and knowledge that you have gained during the first few weeks of this unit.
b.Use ethical theories propose and justify strategies and recommendations to address the ethical problems you have identified.
c.Apply academic language to write your paper.
BMA735 Management Ethics
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