Telsto Code Of Ethics Case Study

accountable to the Board, the Board is accountable to the stakeholders. So, these accountabilities compel the company to carry out its actions versatilely. Also, Telstra's reviewing and monitoring make sure that all employees behave under ethical standards when it comes to the workplace. That keeps the company away from any legal troubles. So, these recommendations promote ethics in business. Recommendations include a) establishing a clear and documented relationship between rules and responsibilities of the Board and the stakeholders. Telstra fulfills this recommendation by developing the Board charter. b) Clarifying the role of the Chairman. Telstra clearly states in their corporate governance guidelines that the Chairman of the Board is
The professional code of ethics teaches employees about how to function in the workplace. These codes include placing professional integrity and client interest above self-interest, acting with integrity, respect and competence, and developing and maintaining professional skills (Xin, Wei). An employee must understand the value of professionalism and integrity of the marketplace, duties to the client and the board, abilities to analyze and provide recommendations. It is important for the employees to follow these codes of ethics, as they are very important in maintaining a company's work environment. Employees should know how to maintain their workplace (Xin, Wei). This also goes for the executive and board members. Ethical standards should follow from the top of the chain to the bottom. Maintaining ethical standards keep the company out of legal delegations. It the Boards keys responsibility to review and monitor to ensure that the employees are following the professional code of
It is important for big companies to keep track of their income and provide tax reports based on that in order to evade any legal crisis. Wrong or faulty ATO reports can cause the company billions. Tax reports are government allegations. So, meeting the deadlines of submitting these reports should never be taken lightly (Steger, Ulrich, and Wolfgang Amann). It is the responsibility of the CEO to make sure that the ATO reports are presented in front of the Board in time for approval, and the directors have to carefully review the reports for possible errors. It is not only their professional duty but it is also their ethical responsibility. That is why adherence to ATO reporting deadline is