Similar to the previous behaviour of the Sainsbury it is something that has to be practiced in long term. RBS do not send customers statements by paper anymore because they have started providing electronic statements.
When a business is known for dealing fairly with all people, from its employees and customers to shareholders and suppliers, it is more possible to become successful. As we all know the environmental situation of UK and all the rest of the world will not get any better but people and organisations can do a lot to slow down the damage of the environment.
The Financial service authority and other regulatory bodies also have also suffered financially as they had to pay employees at FSA to investigate the PPI scam.
The number of people opening accounts with them decreased as they were named as terrorist financers by some people. Customers were tricked and they paid the PPI which was no use to them when they were unable to pay off their loan.
Customers have been victims of PPI as they have been paying extra charges on their loans and on other amounts borrowed from RBS.
I believe by showing that they support the environment and practice ethically they have showed campaigns like Greenpeace that they are willing to help the environment and prevent global warming. In my opinion the government invested money to save the bank so that they can get a return on what they invest rather than just paying out benefits.
Regulatory bodies work very hard to prevent any unethical behaviour that will not be tolerating by the authorities in charge for banking behaviour.
They have to spend time to investigate and fine banks so next time they will not do anything unethical again. How to Write a Summary of an Article? Mis-selling gave people the wrong impression that they were insured if they lost their jobs or their source of income. The government invested to bail out the bank so that they will have their say on the way the banks run and control over bonuses paid to management.
Of their loan to the government with high return as the interest charged on the loan. This situation could have a short term but serious effects on the company. The business and its ethical behaviour also affect the stakeholders and the business itself.
This outcome influenced different stakeholders in different ways. RBS have done this by showing the community that they care about them and they have invested some profit towards the community.
Instead, they have been lied to and they bought the bags which were not ethical. RBS has also made other small changes to the way they carry out activities that have helped the environment a lot.
It was proven that increase of carbon emission might cause cancer and many different dangerous illnesses to people. This will also allow them to have a better grip of the banks finances so they make profit and the shareholders majorly the government can get high dividends in return on the profit in the upcoming years.
They like to invest in the company which is profitable but they also want the company to have a good reputation. After the PPI loss they have really focused on how to prevent misspelling products so they will not have to face paying out compensations again.
This insurance only paid out minimum repayments for only a minimum time for about twelve months. They will be successful in winning customers trust and in bringing their reputation back up if they continue supporting the society.
Mis-selling gave people the wrong impression that they were insured if they lost their jobs or their source of income. Of their loan to the government with high return as the interest charged on the loan.
The FSA is looking into how banks interact with customers and are paying more attention to all products that banks are selling. Regulatory bodies work very hard to prevent any unethical behaviour that will not be tolerating by the authorities in charge for banking behaviour.Business Ethics – impact of the stakeholders Essay.
The business and its ethical behaviour also affect the stakeholders and the business itself.
Today I am going to evaluate the impact of Sainsbury’s ethical behaviour on its stakeholders and the business. In Sainsbury has acted very unethically. D1 - Evaluation of the impact of my selected business's ethical behaviour on stakeholders and he business.
From: Remigiusz Chodorowski To: BP's executive manager Purpose: Evaluation of the impact of BP's ethical behaviour on stakeholders and he business.
Date: 20/03/ Introduction: There were always contorversries related to BP's operatons. Evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business.[D1] FOR D1 write an essay to address below: >This should focus on your chosen organisation and cover as many stakeholders as possible.
>Look also at the remaining issues in the unit from task 1, &. D1: Evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. D Introduction In this report I will be explain and evaluating the.
D1 evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. P1 Explain the ethical issues a business needs to consider in its operational activities. D1: evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business.Download