Behavioral changes – From compliance to ethical values in the banking industry
Behavioral changes – From compliance to ethical values in the banking industry
Author(s): Ileana NICULASubject(s): Business Economy / Management, Business Ethics
Published by: Editura Universitaria Craiova
Keywords: corporate governance; agency and network theory; principal-agent; depository entities; compliance; ethical values;
Summary/Abstract: From the working people government to corporate governance, the management science has been experienced changes of appearance and substance. As the crisis has been extensively analysed, a new idea has emerged, that is a "more" ethical behaviour should be adopted by the corporations, especially the financial ones. How has been recently discovered, the organizational culture isolated by social responsibilities and appropriate control mechanisms can lead to unwanted drifts, and even outstanding entities have practiced such a behaviour. Of course financial entities must observe a web of laws and regulations for their operations; this activity is known as compliance. Moreover, their staff ought to attend periodically training courses.
Journal: Revista de Științe Politice. Revue des Sciences Politiques
- Issue Year: 2012
- Issue No: 35
- Page Range: 192-200
- Page Count: 9
- Language: English