05
Jul 16

The challenge of managing ethical behaviour in banking: reshaping behaviours

Research by academics and behavioural scientists has shown that individual behaviour at work is determined more by peer pressure than employer proclamations, decrees, rules or regulations. Banks in particular are comprised of numerous sub-cultures, each of which have strong unwritten ground rules for how members should behave in order to “fit in” and remain a … Continue reading The challenge of managing ethical behaviour in banking: reshaping behaviours

24
Jun 16

Understanding corporate culture in banking

If you don’t understand your culture, you don’t understand your business. The term Corporate Culture is a poorly defined business term and often lumps too many elements together to be useful in understanding how to effectively manage important issues such as ethical behaviour. If anything, corporate culture is a “rear view mirror” concept and can … Continue reading Understanding corporate culture in banking

17
Jun 16

The challenge of managing ethical behaviour in banking

Between 2008 and 2015 the banking industry as a whole has been fined nearly $250 billion for unethical and fraudulent activities. While there are a small number of individuals who perpetrate unethical behavior and wrongdoing, their actions have considerable financial and legal ramifications and have negatively impacted employee morale as well as the trust of … Continue reading The challenge of managing ethical behaviour in banking