PRINCIPLES OF FINANCE
Assessment
Commlnsue is one of Australia's largest insurers and the SBA's insurance arm of Commonwealth Bank of Australia (CBA). CBA was embroiled in various deceitful practices such as misusing of medical reports including deleting files and pressuring doctors to change their opinions so that client claims can be rejected, changing the definition of diseases, delaying payouts, etc. The program that ABC TV aired on Commlnsure scandal (youtube) will provide you an overview of the case.
Required
Critically evaluate CBA's financial management policies and practices with respect to their social responsibility and social outcomes of their actions. Do you think CBA has considered the ramifications of their financial decisions on sustainability and social responsibility? Ensure that your analysis is carried out with reference to corporate social responsibility principles, corporation's objectives; code of ethics and ethical principles and theories. Specifically answer the following questions:
i. Critically evaluate CRA's practices and financial decisions described above vis-a-vis the Corporate Social Responsibility (CSR) principles.
ii. Do sustainability and socially responsible outcomes really matter for CBA? Discuss.
iii. Identify ethical principles breached by CBA.
iv. Discuss those ethical violations with reference to relevant ethical theories.
The report should comprise the following sections:
• Assignment cover sheet
• Table of contents
• Introduction
• Body (answers to each question)
• Conclusion
• Bibliography
The report must:
• be typed using one-and-a half (1.5) spacing left justified.
• use Arial or Times New Roman font size 12.
• display a one inch margin on all sides.
• appropriately cite reference original work, author(s) etc. Citation and referencing must conform to Harvard referencing system.