Governance Ethic and Sustainable of Human - Myassignmenthelp.Com

Question: Discuss about the Governance Ethic and Sustainable of Human. Answer: Our core values The directors and the employees of 7-Eleven Stores Pty Ltd are expected to always act in conformity with the enumerated principles: To act with integrity, honesty, fairness and be accountable for our decisions To perform responsibilities to the financial markets and shareholders; To comply with the law and the policies and procedures of this without making or receiving improper payments; To treat the employees with respect, value diversity and ensure a safe working environment; To engage in business relationship honestly and maintain accuracy and privacy of business records; This Code of Conduct sets out the guiding principles that must be followed by the 7-Eleven personnel against which we shall hold ourselves accountable. In order to attain this objective, we should not compromise with the ethics and values of Respect, Community, Excellence and Accountability. Our principles The 7-Eleven personnel are expected to act with the enumerated principles at all times. Discrimination Unlawful discrimination implies treating a person or a group of persons including the international students unequally on the ground of special characteristics: marital status, family responsibilities, disability; race, religious or political belief, nationality or age; Discrimination further includes engagement in behavioral conduct that results in: intimidation; intentionally change of work rosters to cause trouble to specific group of employees or any specific employee; bullying; unlawful discrimination at workplace; psychological harassment; The Fair Work Act 2009 (Cth) and the Australian Human Rights Commission Act 1986 (Cth) are the Federal statutes that aims at safeguarding people from being subjected to employment discrimination on personal attributes. The disentitlement of employees from receiving their wages or leaves or causing inconvenience for them amounts to workplace discrimination that is dealt with under the Fair work Act 2009. The state level statutes such as the Equal Opportunity Act 1984, Discrimination Act 1991 and Anti-Discrimination Act 1977 are also enacted to safeguard people from discrimination on personal characteristics at state level. Employees are expected to: make honest complaint before the Fair Work Ombudsman while maintaining confidentiality of information; inform about any unlawful discrimination taking place at workplace to the Line manager; comply with both the state/territory laws and Commonwealth laws; The employees including the international student should be ensured that they are not prejudiced after informing about occurrence of workplace discrimination. Exploitation Exploitation refers to an unfair treatment with the employees with the objective to benefit from their work (Shacklock and Galtung 2016). 7-Eleven stores Pty Ltd strictly prohibit exploitation of their employees including the international students at workplace. The Code of Conduct prohibits: bullying or harassment; any unlawful discrimination against employees; threatening employees against making complaints about exploitation; In respect of the international students, the company must ensure that: the International students working as employees are not subjected to exploitation based on the nationality, race or age; the International students working as employees are not deprived of their legal entitlements for employer benefits; International students are compelled to work against the terms and conditions of their visa permit; International students are not threatened for informing the Fair Work Ombudsman against any workplace exploitation; The International students must comply with the provisions stipulated under the Fair Work Act 2009 (Cth) as this legislation addresses any issues arising from underpayment and other forms of exploitation is dealt with by the legislations. Corruption Corruption refers to a fraudulent activity where a person misuses his or her position of trust to obtain advantage by acting against the interests of the person the fraudulent represents (Barak 2016). Bribery is a form of act that amounts to corruption and is strictly prohibited by the Code. In 7-Eleven, it is illegal for the personnel: to offer and accept any irregular payment or bribes for influencing business related decisions; to manipulate business dealings for preventing manipulation in the organizational transactions; to avert any reasonable measures that ensures the personnel including the contractors, intermediaries and the business partners are acting in compliance with this Code, anti-bribery policies and other related laws; Anti-Bribery policies Anti-bribery activities are inconsistent with the principles of integrity and fairness, which might have adverse impact on the goodwill of the organization as well as that of the investors, suppliers, shareholders and consumers of the organization (Barak 2016). This Code strictly prohibits engaging into any corrupted activities and obligates compliance with the Competition and Consumer Act as well as other equivalent legislations applicable to the business activities of the organization. Dishonest and Fraudulent Behavior Activities that is likely to deceive and commit fraud to any entity or person amounts to fraudulent and dishonest behavior that results in financial loss to such person or entity. Dishonest and fraudulent behavior includes: exploitation of wages and other legal entitlements of employees; manipulation in wage records; dishonest and fraudulent misrepresentation of financial performance reports; misrepresentation in cost claims; Responding to Dishonest and Fraudulent behavior The 7-Eleven personnel are required to complain about any dishonest and fraudulent behavior. The company must maintain confidentiality of employees making such complain to ensure such complainants are not victimized. Responsibilities towards financial markets and shareholders The business operations of 7-Eleven must: ensure compliance with honesty and transparency in disclosure, financial reporting and other obligations as stipulated in the ASX Listing Rules and in the Corporations Act 2001 (Cth); avert from communicating any inside information to other person or entity that is dealing with the securities of the company or other listed entities while such person has knowledge about inside information relating to such securities; Whistleblower protections The enumerated principles shall be complied with to safeguard whistleblowers: Raising Concern Any employee including the international student are entitled to raise concern regarding any workplace related concern before the Whistleblower Protection Officers (WPO) and the Risk Management team of the company either directly or through secretly mailing about such concern. Improper Conduct The following activities shall amount to improper conduct, which is strictly prohibited by this Code: act infringing any legal obligation under the contract or any legal regulation; corrupt, unethical, illegal and fraudulent conduct; Discrimination, bullying or harassment; Unsafe Work Practices; Protection for Whistleblowers In order to fortify the whistleblower protections in the credit, financial and corporate sectors, the Treasury Laws Amendment (Whistleblowers) Bill 2017 (the Bill) has been introduced as a single rule under the Corporations Act 2001 (Cth). It ensures that investigation regarding the workplace related concerns is being conducted in a fairly manner. The Bill expands the effectiveness of the protection extended by the Act and widens the eligibility of the whistleblower under the Act. It imposes more stringent obligations to maintain privacy regarding the whistleblowers identity; It extends the various disclosures that are safeguarded under the CA 2001 (cth) such as disclosure about any conduct that amounts to improper state of affairs or misconduct. Enforcement In case of non-compliance with the Code of Conduct, 7-Eleven shall be subjected to fines and penalties. The employees and/or company may be subjected to civil or criminal liability or any other financial loss that might have a significant impact on the reputation of the company. The company and/or its employees shall be subjected to remedies/ penalties for non-complying with any of the provisions of the Code. Exploitation and Discrimination- the contravention of this provision shall subject the person or the entity making such contravention to civil/criminal liabilities or penalties under the state level legislations, which are applicable to the business operations. At the Federal level, it shall be subjected to relevant penalties as stipulated under the Fair work Act 2009 (Cth). Fraudulent and dishonest behavior- any fraudulent or dishonest conduct shall be subjected to punitive measures such as fines or civil/ criminal liability under the ASX Listing Rules and the Corporation Act 2001 (Cth). Corruption- the employees and/or the company shall be subjected penalties or civil/criminal penalties as stipulated in the territory and state within which the business carries out its operations. However, the Commonwealth legislations that prohibits companies from engaging into corrupted activities such as the Corporations Act 2001 (Cth) and Part IV of the Competition and Consumers Act 2010 (Cth) may also impose penalties in the event of contravention of such provisions. Whistleblower Protection- the Corporations Act 2001 and the Australian Securities and Investment Commission (ASIC) safeguards whistleblower from being prejudiced after reporting about violation of the legislative provisions committed by the director, employee or manager of the company. Compliance with the code The Board of 7-Eleven considers compliance with this code as fundamental duty of the personnel working in the organization. Any contravention of this Code of Conduct shall be duly reported to the appropriate authority and stringent monitoring shall be implemented to ensure accountability. In the event of infringement of the Code, the infringer shall be subjected to disciplinary action including termination of employment. If such violation amounts to breach of any relevant legislation, the matter may be referred to appropriate enforcement authority and the identity of the person complaining should be kept as confidential to safeguard such person from being victimized. Reference List Anti-Discrimination Act 1977 Australian Human Rights Commission Act 1986 (Cth) Australian Securities and Investment Commission (ASIC) Barak, M.E.M., 2016.Managing diversity: Toward a globally inclusive workplace. Sage Publications. Corporations Act 2001(Cth) Discrimination Act 1991 Equal Opportunity Act 1984 Fair work Act 2009 (Cth) https://www.7eleven.com.au/about-us Part IV of the Competition and Consumers Act 2010 (Cth). Shacklock, A. and Galtung, F., 2016.Measuring Corruption. Routledge. Treasury Laws Amendment (Whistleblowers) Bill 2017 (the Bill)