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Strayer University *

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ILR260

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Management

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Nov 24, 2024

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Contents Task 1: Codes of Ethics for Meriton Group ..................................................................................... 3 Task 2: Common Elements and Specifics ........................................................................................ 4 Task 3: Developing a Code of Ethics for Meriton Group ................................................................ 5 Integrity and Accountability: ....................................................................................................... 5 Sustainable Development: ............................................................................................................ 5 Transparency and Community Engagement: ............................................................................... 6 Client and Resident Well-being: .................................................................................................. 6 Two Optional Elements: .................................................................................................................. 6 Affordable Housing Initiative: ..................................................................................................... 6 Heritage Preservation: .................................................................................................................. 6 Task 4: Drafting a Code of Ethics for Meriton Group ..................................................................... 7 Integrity and Accountability: ....................................................................................................... 7 Sustainable Development: ............................................................................................................ 7 Transparency and Community Engagement: ............................................................................... 7 Client and Resident Well-being: .................................................................................................. 7 Affordable Housing Initiative (Optional): ................................................................................... 8 Heritage Preservation (Optional): ................................................................................................ 8 References ........................................................................................................................................ 9

Task 1: Codes of Ethics for Meriton Group Code Name Key Concept Environment Best Aspect Worst Aspect Property Development and Sustainability Code - Morally accountable conduct - Civic participation - Environmental viability - A commitment to transparency Urban real estate development (Meriton Group) Reflects the philosophy of Meriton absence of emphasis on affordable housing Professional Conduct and Ethics Code - Integrity and sincerity - Customer advocacy Real estate industry (REINSW) Promotes morality and openness Urban planning and architectural ethics need further consideration. Construction Safety and Integrity Code - Safety is paramount in construction - Compliance with rules - Good corporate conduct Construction industry (Meriton Group) Secures construction methods Encourages morality It is not likely to resolve all ethical issues. Diversity and Inclusion Code - Acceptance of diversity - Equal possibility - Inclusive working conditions - Lack of discrimination Workplace (Meriton Group) -Encourages an inclusive culture -Promotes diversity Implementation difficulties Customer Satisfaction and - Customer- centric Customer relations (Meriton -Promotes client satisfaction -Profitability and justice combined.

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Fair Dealing Code methodology - Reasonable prices and offers - A commitment to transparency - Reputableness Group) -Promotes ethics -Obstacles to customer satisfaction Task 2: Common Elements and Specifics When you look at the different Codes of Ethics being reviewed right now, it is clear that there are patterns that fit with the character's moral attitude and utilitarianism. Among these subjects, we find morally important traits like honesty, openness, and responsibility. These traits show the character's moral stance and highly value personal virtues and ethical actions. There are also socially essential things like honesty, openness, and taking responsibility for your actions. These themes show how the main character thinks about right and wrong. On the other hand, utilitarianism fits perfectly with the idea of growth that is good for the environment and getting people involved in their communities (Ganguli, 2022). This point of view stresses how important it is to maximize the overall benefit and pay attention to how a choice will affect a wide range of stakeholders and society. This is because this point of view looks at how an option will affect people in the long run. When you look at the Meriton Group's specific ethical views, it's clear that these tenets connect to the similarities we've already talked about in a way that is both clear and smooth. This is clear when these rules fit the previously mentioned similarities. Here, the organization's commitment to honesty, openness, and the happiness of its customers is an example of how much it cares about doing the right thing and keeping ethical standards in all parts of its business. This fits the organization's personality and sense of right and wrong (Easthope et al., 2023). The Meriton Group is dedicated to doing business in a way that is good for the environment and improves the social and economic conditions of the areas where it works. This is in line with the utilitarian values that guide the company (Tampoe, 2023). This alignment shows that the business knows how it affects society and is trying to improve things for its clients. It also shows that the organization's ideals align with its stakeholders. On the other hand, the "Professional Conduct

and Ethics Code" from the Real Estate Institute of New South Wales (REINSW) addresses several critical ethical issues related to representing clients and doing business in real estate (Freestone et al., 2018). Conflict of interest, privacy, and conflict of interest are some of these problems. This code fills a specific need in the real estate business by addressing head-on the issues in professional relations in this industry (Easthope et al., 2023). The fact that the real estate business is known for being hard to understand made this need clear. The code of ethics ensures that real estate workers, especially developers like the Meriton Group, do their jobs in a way that meets the highest ethical standards. It does this by laying out specific ethical concerns (Pawson et al., 2019). This makes the character's focus on being honest and taking responsibility even stronger. Task 3: Developing a Code of Ethics for Meriton Group With the assistance of the insights gathered in Tasks 1 and 2, the goal of developing a customized code of ethics for Meriton Group is to reflect the organization's dedication to the ethical growth of property, transparency, and the enhancement of societal well-being. These are the four fundamental components that make up the Meriton Group's ethical code: Integrity and Accountability: Maintain a steadfast dedication to ethical principles throughout the property development procedures. Demonstrate a willingness to assume responsibility for one's actions and decisions, exhibiting responsiveness to the needs and concerns of the individuals and the community involved (Gerardou et al., 2022). Sustainable Development: It is imperative to prioritize implementing sustainable development practices. These practices must consider projects' environmental, social, and economic ramifications (Hook and Noakes, 2019). Furthermore, these practices must provide a favorable impact on the areas in which our organization operates.

Transparency and Community Engagement: Promote and foster transparent and inclusive communication channels with diverse stakeholders while actively engaging with the local communities affected by development initiatives (Gerardou et al., 2022). This will aid in establishing a common understanding among all individuals involved. It is imperative to address the concerns of individuals and prioritize the facilitation of accessible information. Client and Resident Well-being: It is imperative to accord utmost importance to the welfare of customers and residents inside the properties under management (Hook and Noakes, 2019). This may be achieved by providing them with access to real estate offerings of superior quality, meticulously customized to cater to their requirements. Additionally, it is crucial to ensure consistent maintenance and support services to guarantee their continued satisfaction and well-being. Two Optional Elements: Affordable Housing Initiative: To the extent possible, please incorporate potential responses to the issues of producing cost-effective housing in development projects. The overarching goal is to improve the accessibility and inclusivity of the housing market for a broader range of people (Langston and Zhang, 2021). This initiative's primary goal is to improve accessibility and inclusivity in the housing market successfully, and it will work towards achieving that goal. This approach will make it easier to realize the overriding objective of expanding opportunities for participation in the housing market and making it more accessible to a broader range of people. Heritage Preservation: To maintain and preserve cultural heritage, it is vital to consider the historical significance of the properties and sites undergoing construction. This is because many properties and locations have a long history.

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Task 4: Drafting a Code of Ethics for Meriton Group Ethical Guidelines for Meriton Group's Property Development: Integrity and Accountability: Following unbreakable ethical standards and accepting responsibility for one's actions and judgements to succeed in real estate development is vital. Everyone is responsible for the choices they make and the deeds they carry out, regardless of the consequences (Mair, 2022). It is essential to acknowledge the gravity of this obligation and make all possible efforts to preserve the illustrious standing of the Meriton Group. Sustainable Development: Place a significant amount of focus on practises that, in addition to being environmentally and socially responsible, also contribute to the communities in which they are implemented (Mercuri and Birbeck, 2020). Find a plan that encourages economic growth while at the same time reducing the negative consequences that it has on societal well-being and environmental sustainability, and then put this plan into action simultaneously. Transparency and Community Engagement: Encourage an informational exchange that is both open and honest with all of the essential stakeholders, including local communities and government authorities. This includes anybody and any organization with a personal or professional stake in the outcome of the matter. Please participate in the activities of the nearby communities to assist in resolving the issues they are now facing and to increase information accessibility. Client and Resident Well-being: Providing customers and residents with access to superior housing options suited to their unique requirements should be the primary goal, with the secondary objective being to prioritise

the well-being and satisfaction of consumers and residents (Nethercote, 2022). Offering continuing support and maintenance services to customers is of the utmost significance. Affordable Housing Initiative (Optional): This study attempts to find ways to overcome the constraints connected to the provision of affordable housing, with the ultimate objective of improving accessibility to the housing market across various segments of society, if applicable. Heritage Preservation (Optional): Protecting cultural heritage calls for a respectful approach that adequately considers the historical value of the sites in which it is located. This is necessary for the legacy to be preserved. In addition, applying appropriate heritage conservation practices is essential to ensure the site's continued existence.

References Adelstein, J., & Clegg, S. (2016). Code of ethics: A stratified vehicle for compliance. Journal of Business Ethics, 138, 53-66. Babri, M., Davidson, B., & Helin, S. (2021). An updated inquiry into the study of corporate codes of ethics: 2005–2016. Journal of Business Ethics, 168, 71-108. Easthope, H., Palmer, J., Sharam, A., Nethercote, M., Pignatta, G., & Crommelin, L. (2023). Delivering sustainable apartment housing: new build and retrofit. Freestone, R., Davison, G., & Hu, R. (2018). Designing the Global City: Design Excellence, Competitions and the Remaking of Central Sydney. Springer. Fróes Couto, F., & de Pádua Carrieri, A. (2020). The other side of compliance systems and codes of ethics: A foucauldian perspective on rule-based ethics and corruption control. Innovar, 30(78), 135-148. Ganguli, R. (2022). Chameleons in the city: An institutional analysis of sales agents in Sydney’s new apartment market (Doctoral dissertation, UNSW Sydney). Gerardou, F. S., Meriton, R., Brown, A., Moran, B. V. G., & Bhandal, R. (2022). Advancing a design thinking approach to challenge-based learning. In The Emerald Handbook of Challenge Based Learning (pp. 93-129). Emerald Publishing Limited. Hook, S., & Noakes, S. (2019). Employer control of employee behaviour through social media. Law, Technology and Humans, 1, 141-161. Langston, C., & Zhang, W. (2021). DfMA: Towards an integrated strategy for a more productive and sustainable construction industry in Australia. Sustainability, 13(16), 9219. Mair, K. (2022). Professional Impact in the Construction Industry. Industry 4.0 for the Built Environment: Methodologies, Technologies and Skills, 631-649. Mercuri, E., & Birbeck, J. (2020). Fostering Australian R&D activity through industry-university collaboration. Austl. Tax F., 35, 171.

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Nethercote, M. (2022). The post-politicization of rental housing financialization: News media, elite storytelling and Australia's new build to rent market. Political Geography, 98, 102654. Pawson, H., Martin, C., Van Den Nouwelant, R., Milligan, V., Ruming, K., & Melo, M. (2019). Build-to-rent in Australia: product feasibility and potential affordable housing contribution. Landcom. Tampoe, D. (2023). Off-site constructed housing in NSW: opportunities and barriers for affordable housing provision (Doctoral dissertation, Macquarie University).

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