¶ … ethical issues in leadership traits that are prevalent in the corporate world. The paper goes on to discuss the solutions that are possible in event of unethical conduct.
LEADERSHIP ISSUES: BANKING INDUSTRY
Ethics can be defined as those steps that safeguard integrity of an individual or a society. The focus of this paper is however limited to ethics in organizations, belonging specifically to the banking industry.
Acting in accordance with ethics translates into accommodating moralistic behavior into one's conduct. Hence ethical conduct in businesses, though not very popular, plays an important role in formation of a healthy society. For instance the banking sector of any economy plays the key role in circulation of money and hence in maintenance of economy. Since it deals in supplying and receiving funds, it is highly important for it to be ethical in practices in order to safeguard the pool of funds (James J. Lynch. Banking & Finance: Managing the Moral Dimension. Woodhead Publishing Ltd., 1994). Due to this role in the economy, while working to achieve profitability, banks are under professional obligation to obey ethical principles of banking profession and organizational ethic. The most important area for ethical practices is utilizing the public funds in the manner that suits the client best and not just the bank. Apart from the interest of depositor, his rights should be safeguarded in order to ensure efficient functioning of the deposit and credit systems. In addition to the above, overall domestic economy, public benefit and interest and the environment should be...
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From the rudimentary and often primitive approaches to dial-up banking in the 1980s and 1990s to the 24/7 rapid access of Internet banking accessible to customers from anywhere in the world in 2009, there continues to be a revolution of convenience solidly anchored in security taking hold (Wang, Wang, Lin, Tang, 2003). All of these benefits are also dominated by the fact that many banks now have guided selling
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Banking Regulation Captain -- You Do See That Blinking Light, Don't You? An apocryphal story about an unnamed navy captain goes like this. The ship in question is sailing at a not insignificant clip on a very overcast night close to shore in preparation for docking. A number of sailors who are above deck see a blinking light in the distance that clearly -- to them -- appears to be a lighthouse.
Banking Fees and Morality Integrating Values: The Legal, Moral, and Social Responsibility of the Government, the Banks, and the Consumers Legal Section Statement of Relevant Legal Principles and Rules of Law Application of Law to Topic and Legal Analysis Ethics Section Utilitarian Ethical Analysis Kantian Ethical Analysis Additional Ethical Analysis Social Responsibility Section Introduction to B. Definition of term "Social Responsibility" Application of Social Responsibility Banking fees in one form or another have existed in the United States hundreds of years, however the
" G. Lack of Strategic Vision A strategic vision defines the desired or intended future state of an organization or enterprise in terms of its fundamental objective and/or strategic direction. It represents a long-term view of how things should be. Without a strategic vision, a company may achieve short-term tactical success, but is likely to struggle in the long-term (Greenfield, 2000). Indeed, Salomon had been successful for many years as Gutfreund assumed the
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