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BUSINESS ETHICS
What is business ethics in the context of banking?
Business ethics refers to the application of ethical principles and moral standards to business activities, decisions, and relationships. In banking, it governs conduct toward customers, employees, regulators, and society.
What is the difference between ethics and compliance in banking?
Ethics is voluntary moral behavior; compliance is mandatory rule-following.
What does the term 'corporate governance' mean in banking?
Corporate governance is the system of rules, practices, and processes by which a bank is directed and controlled, ensuring accountability, fairness, and transparency toward all stakeholders.
What is the 'tone at the top' principle in organizational ethics?
Senior leadership's behavior sets ethical standards for the entire organization.
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