Saturday, October 19, 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 Example Lloyds 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 through mergers and acquisition. The mergers and acquisitions were carried out in attempts to consolidate its customer base and network. However, the bank 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 government 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 Union established standards included the sale of some of its branches as well as renaming of the bank by the end of 2013. The paper gives an in-depth analysis of the organizationââ¬â¢s code of conduct and the ethical implications of the companyââ¬â¢s interna tional operations. The organizationââ¬â¢s code of conduct The organizationââ¬â¢s vision sets out the tone for the establishment of its code of conduct at the personal and business level. The organizationââ¬â¢s vision is for the banking group 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 are 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 organizationââ¬â¢s activities, investing in communities as part of the corporate social responsibility (CSR), and working responsibly with external stakeholders. The companyââ¬â¢s 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 companyââ¬â¢s 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 manag ement 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. All cases of violation are investigated with stringent measures taken against guilty parties. The organizationââ¬â¢s code of conduct firstly dictates the relationship between the customers and its staff. The employees and agents of the organization are supposed to think about the customers first in all their actions. The designing and delivery of products to customers by the organization's staff should always place importance on their customersââ¬â¢ needs and changes in the global
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