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worthwhile exploring how ethics interacts with conduct and culture in banking and finance, and what firms must consider in order to ensure they continue meeting expectations.
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Jul 27, 2023 · An ethical corporate culture is vital to business success. Learn what business ethics are and why they’re important to society, customers, and employees.
- Stereotypes
- A Holistic View of Ethics in Banks
- Ethics and Cooperative Banks
- Ethics and Alternative Banks
The envisaged link between ethical banking and social actions is a consequence of the fact that, in practice, several initiatives of ethical finance concentrate on their social utility: financing socially worthy projects (e.g., those supporting the preservation of life, peace, or the environment); actions connected to the facilitation of access to ...
Objectivity in ethical judgment may be complex, but denying the possibility of setting an evaluation frame would mean acknowledging ethical relativism. While, in banking, an analysis of single actions without verifying coherence with the more general ethical principles often prevails and is typical of the reductive view, a holistic approach to a fi...
One of the main institutional objectives of cooperative banks has been to promote the financial inclusion of marginal sectors, usually the poorest sectors, not only access to loans but also education, which fosters monetary savings. Mario Masini, in a background paper for the World Bank World Development Report of 1989 entitled “The Italian ‘Casse ...
Alternative banks claim to be inspired by explicit ethical principles, with the main goals of contributing to the benefit of society as a whole and caring about social welfare, the environment, and, more generally, the progress of the world. On these principles, see, among others, FEBEA (http://www.febea.org). A significant case is Triodos Bank (ht...
- laura.vigano@unibg.it
- Johnson & Johnson’s Tylenol Poisonings. A classic case of ethical leadership in business is “the Chicago Tylenol poisonings.” On September 9, 1982, a Chicago-area 12-year-old girl woke up with a cold.
- JetBlue’s Shutdown. On Valentine’s Day, 2007, at the John F. Kennedy International Airport, JetBlue Airlines sent nine planes from the gate to the runway during a snowstorm, hoping conditions would rapidly improve—but it had no such luck.
- Starbucks’s Racial Bias Incident. If one of your employees made a critical decision based on racial bias, how would you respond? That was the question Kevin Johnson, then-CEO of coffee shop chain Starbucks, had to answer in April 2014.
- The Muse Sticking Up for Employees. Ethical dilemmas often aren’t public scandals—even quiet, internal decisions can have enormous impacts. Kathryn Minshew, CEO and co-founder of The Muse, faced one such scenario in the early days of growing the online career platform.
May 12, 2017 · The paper develops a responsibility-based account of professional ethics in banking. From this perspective, bankers have duties not only toward clients—the traditional focus of professional ethics—but also regarding the prevention of systemic harms to whole societies.
- Lisa Herzog
- lisa.herzog@hfp.tum.de
- 2019
Aug 21, 2024 · In this article, we define business ethics, explain why they matter, list some types of business ethics and provide examples of them in action. Key takeaways: Business ethics are policies that guide the behavior of corporate entities, especially regarding controversial subjects.
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Jun 4, 2024 · What are business ethics? Business ethics refer to the moral principles and standards that guide behavior in the business world. It encompasses values such as honesty, integrity, fairness, and accountability in all aspects of business operations. How do business ethics differ from personal ethics?
