Table of contentsMain bodyConclusionReference listsThis report is primarily built on an official document Final report: Royal Commission into Misconduct in the Banking, Superannuation Sector Superannuation and Financial Services published by Kenneth Hayne in early 2019 analyze these recommendations for better regulation of the Australian financial services sector. In business, ethics is an important perception of governance and sustainability, so the degree of ethical awareness dominates the key to sustainable governance. Business controls the world's resources and makes judgments that impact those resources and the lives of millions of people every day. Those who operate in the business world must therefore understand the various ethical ideas to guide their decisions. (Birt et al. 5th edition, chapter 2 - Business sustainability, pp. 53-62). This report will provide an example of a real entity in the financial services industry to discuss in detail the underlying ethical misconduct with the key recommendation: Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayMain bodyThe Hayne Report exposes many ethical behaviors in the financial services industry. Three of these key recommendations to regulate this messy industry situation include: Misconduct by mortgage brokers led to the dismissal of 20 National Australian Bank employees after issuing a mortgage due to inappropriate or incomplete application documents (Hayne Royal Commission into Misconduct in the Banking, Superannuation, and Financial). Service industry. Repot Volume1, page 116); financial advisor misconduct resulting in bank and financial services company clients losing millions of dollars due to insufficient financial advice from the financial advisor (page 239) and failure to sell retirement products as consumers are Incentivized to purchase additional life insurance policies under the protection of employer purchase of default insurance policies (page 275). According to Financial Review's description, there is an example of misconduct by a financial advisor of AMP Limited as a financial advice giant: a couple who are bullied into investing in high-risk investment choices , and then do not find their advisor for more than a year (https://www.afr.com/business/banking-and-finance/banking-royal-commission-amp-says-80-advisers-involved-in - misconduct-20180416-h0yt6u). Therefore, it has been identified as “dishonest”, “illegal” and “fraudulent” bad ethical behavior. When AMP Limited was the subject of an ethics scandal, its key stakeholders were largely influenced by their interests. For its customers, existing customers would lose their royalties and their dependence on the company. Additionally, they will lack potential customers who could bring them a lot of business and investment. For its shareholders, the company's profits, dividends and share prices will come under pressure as core businesses have suffered a loss of revenue and investors have turned to alternative investment products. Additionally, taxes and fines would be further regulated and regulated by the Royal Commission. For his employees, they would be less productive and willing to leave because they were disappointed and dissatisfied with their management and employers. For its director, it was essential that the conduct and lack of accountability of the boards/