Embedding The BFO in the everyday practices of individuals within organisations
Taking The BFO represents a personal commitment to a framework based on ethical values and principles, acknowledging the importance of trust and integrity in banking and finance. Some people need to do more than just read the words of The BFO to understand the values and actions it represents. Following are suggestions to assist individuals embed the the principles of The BFO in their professional lives.
Education Materials and Public Acknowledgment
- The ‘Ethics in Practice for Banking and Finance’ booklets can be made available to all staff. These booklets provide a practical guide for ethics in the workplace including a good decision-making model.
- Staff should be encouraged to display The BFO Signatory Badge on their email signature, speaker bios and staff profiles.
- BFO Cards (business card size) can be made available for individuals to promote their Signatory status in meetings and at industry events.
- The BFO Certificate can be framed and promoted within an individual’s workspace.
- Leaders, both within teams and at senior levels, including the CEO, should take (and make) opportunities to speak openly about their commitment to The BFO and encourage others to become signatories and live by the principles.
- Formal acknowledgement of Signatories is recommended through a firm-sponsored ceremony that can serve to acknowledge staff and promote commitment to ethics.
- Internal communications should include reference to The BFO (note The BFO can supply articles and quotes).
Day-to-Day Business Activities
- The principles of The BFO can be used to guide discussions at team meetings.
- The BFO and ethics can be a permanent agenda item at meetings, including at the Board level.
- The BFO can address teams and provide tailored training sessions and events.