Reference no: EM132528037 , Length: word count:2500

For this assessment, students are to apply the concepts taught in the law modules for the unit (modules 9, 10 and 11) to a case study (Commonwealth Bank of Australia: Rogue One) and answer five short answer questions. To best answer these questions, students may be required to research beyond the principles taught in the lectures and tutorials, and will be required to reference any external material that is used to form the substance of their answers. In breaking down the marks that are available for this assessment, each question is worth 7 marks for a total of 35 marks for the content portion of the assignment. The remaining 5 marks are awarded for the use of referencing and the structure / presentation of assignment submissions. Students are to integrate a completed cover page (a template is provided on blackboard) into their assignment document and submit their assignment file in soft copy format to a turnitin link in blackboard.

Read the Commonwealth Bank of Australia: Rogue One case study and answer the following questions:

Question 1. What areas of law are pertinent to this article? Describe what the identified areas of law cover, and explain how they are relevant to the issues raised in the article. (500-600 words)

Question 2. Jack Welch, Former CEO of General Electric, once stated, "Show me a company's various compensation plans, and I'll show you how its employees behave" What message do you think he was trying to convey by this statement? To what extent do you think CBA's remuneration plan influenced the corporate culture and employee behaviour in CBA? What changes, if any, would you make to the remuneration plan? (500-600 words)

Question 3. CBA had an excellent reputation amongst its customers but CFPL severely damaged it. What are the challenges faced by an organisation like CBA in promoting ethical behaviour, compliance and good governance throughout the group? (500-600 words)

Question 4. Who are the main players in the regulation of the financial industry in Australia? Outline some of the changes to the financial planning industry that have been brought about by the recently constituted Financial Adviser Standards and Ethics Authority (FASEA)? (500-600 words)

Question 5. ASIC is the corporate watchdog in Australia. Why was it criticised for its handling of the investigation into the dealings of CFPL? List three constraints, not mentioned in the case study, which could limit the ability of this regulatory body to properly serve its function? (500-600 words)