The Legal, Moral And Ethical Business

2441 Words Apr 6th, 2015 10 Pages
Introduction
Australia New Zealand Banking Group Limited (ANZ) is a publicly listed company in Australia Stock Exchange and it have to comply with Corporation Act 2001. Mike Smith commenced as Chief Executive Officer (CEO) and Executive Director of ANZ on 2007. Hence, Smith’s role is being governed by the legal requirements under section 295A (2) of the Corporations Act 2001 and ASX Corporate Governance Council (ASXGCC) Principles and Recommendations.
The Board has delegated authority and responsibility for managing the everyday affairs of ANZ to the CEO and other Senior Management. The Board monitors Management Board and its performance on behalf of shareholders (ANZ 2014a, p. 62).
In general, managers tend to analyse decision from an economic, marketing and strategic perspectives. This essay is exploring the legal, moral and ethical business decision-making of a CEO’s role and leads an ethical organisation. While CEO’s is legally governed by law, moral is a basic society expectation, and it is expected that he apply moral framework to make ethical business decision. Legal Standing and Expectation of the CEO
The legal standing of Smith is to conform to the law and make business decision that build on corporate governance to safeguard the stakeholder and shareholder interests.
The ANZ’s goals of Super Regional Strategy is building the best connected, most respected bank across the Asia Pacific region to achieve superior growth and returns over the longer term (ANZ 2014c,…
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