Corporate codes are one of the most conspicuous tools in the business ethics armory. They have their vocal critics, but this chapter argues that they can make a positive contribution if they are well designed and embedded in the organization. A financial institution that seeks to take ethics seriously should ensure that the contents of its code are appropriate and current and that the code is effectively communicated, well supported, and diligently enforced. The codes of two UK-based banks are used to illustrate the points made. A final section recognizes that some employees will also be subject to professional codes of ethics and considers how this can support organizational ethics.
|Title of host publication||Handbook on Ethics in Finance|
|Editors||Leire San-Jose, José Luis Retolaza, Luc van Liedekerke|
|Number of pages||13|
|ISBN (Electronic)||9783030000011, 9783030293710|
|ISBN (Print)||9783030293703, 9783030293727|
|Publication status||E-pub ahead of print - 19 Dec 2019|
|Name||International Handbooks in Business Ethics|