It is essential that an organization adheres to established standards and conduct norms. Organizational ethics are rules formed within a particular industry to govern corporate operations and relationships by influencing the attitudes and practices of those inside that industry (Bruhn & Asher, 2020). This is the responsibility of organizations to adhere to ethical considerations. Macquarie Bank, a leading financial institution in the world, has established ethical policies and practices to help it become an international leader. To ensure that stakeholders are empowered, the company places a high priority on empowering them. Macquarie has been a leading financial company in terms of performance and ethics. This is due to the firm’s commitment to ethical standards.
Stakeholder participation is a priority for the organization. The business is focused on maximum profit and has developed a stakeholder-centric strategy to increase its ability to meet expectations. Macquarie invests in its human stakeholders and enables them to develop a value offer for them (Bruhn & Asher, 2020). The business views the organization’s human interactions and behavior from a deontological perspective. The business uses this strategy to ensure that the entire institution’s activities and values are upheld. Because they are focused on creating a policy and procedure to follow in decision-making and thereby limit the impact of conflicts within the organization that could affect stakeholder engagement, deontological perspectives can be crucial for facilitating stakeholder empowerment and engagement. By developing good customer connections, the firm assures that it will reach the necessary degree of market performance (Ramboarisata & Gendron, 2019). This firm emphasizes truthful information, fair competition, pricing that is competitive and based on the market, as well as fairness to allow consumers to compare prices and see what other firms have in their markets. Macquarie ensures equal opportunities for all workers to develop and grow. Macquarie provides a supportive environment that allows workers to develop their creativity and solve problems. Finally, Macquarie ensures that shareholders are satisfied with its financial performance and legal compliance.