Monday, June 24, 2019
Select an organisation of your choice and provide an in-depth analysis Assignment
Select an organisation of your choice and provide an in-depth analysis and evaluation of this organisation with respect to any T - Assignment congressmanLloyds TSB Group acquired HBOS in 2009 and was effectively renamed Lloyds Banking Group, the name it uses in its operations up to date. The Banking Group had been largely successful in its operations, and it was evidenced by its expansion done mergers and acquisition. The mergers and acquisitions were carried out in attempts to consolidate its customer base and network. However, the depository financial institution was among the institutions that were affected by the financial crisis in late 2008. The effects of the financial crisis on the bank were severe and thus requiring its bailout by the goernment under strict conditions (Chambers and Mcmillan et al. 2010). The conditions set for the bank by the government in order to conform to the European man and wife established standards included the sale of some of its branches as wel l as renaming of the bank by the end of 2013. The paper gives an in-depth analysis of the organizations inscribe of conduct and the ethical implications of the companys international operations. The organizations code of conduct The organizations sight sets out the tone for the presidency of its code of conduct at the personal and business level. The organizations vision is for the banking sort out to be recognized as the best bank for customers. The banking group has its presence all over the United Kingdom. ... 1-13). The general code of conduct for the organization has been designed to ensure that the five pillars of the organization be incorporated. The pillars that govern the operations of the organization include being the best company employees can work for, reducing the environmental impact of the organization, placing customers at the front of the organizations activities, expend in communities as part of the corporate social responsibility (CSR), and working responsi bly with external stakeholders. The companys employees and any person who acts on their behalf are acquainted to the code of conduct towards their consumers. The compliance of the codes of responsibilities on a personal level contributes largely to the delivery of the five pillars and achievement of the companys vision (Group Corporate Affairs 2013, pp. 1-13). Employees and agents are expected to understand the codes of conduct and carry out their transactions in line with the codes. The management expects employees and agents to keep vigilance over their colleagues and act responsibly by reporting those who persistently violate the laid down rules. The organization has set up mechanisms that ensure the identity of whistleblowers is not revealed. completely cases of violation are investigated with stringent measures taken against guilty parties. The organizations code of conduct firstly dictates the relationship between the customers and its staff. The employees and agents of the o rganization are suppositious to think about the customers first in all their actions. The designing and delivery of products to customers by the organizations staff should always place importance on their customers needs and changes in the global
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.