Press

Corporate Culture

Sunday 19 June 2016
Leaders who build trust and help their companies recover are often the ones who authentically look at their company and their company's actions. It is during this recovery that the culture creates the obligations needed for a good company to become great. When this happens, it's not compliance that saved the day, but rather, culture and ethics, a much more powerful force.

Corporate Culture and Duties of Directors

Sunday 5 June 2016
Dr Simon Longstaff reflects on the emergence of the modern corporation and expands on the role of boards and the accountability of directors within corporate culture.

Banker's refusal to sign Oath is eroding trust, says John Laker

John Laker, Chair of The Banking and Finance Oath thinks that not signing The BFO is a missed opportunity for banking and finance executives to act as role models for ethical behaviour.

Conflicted remuneration faces the guillotine.

Thursday 21 April 2016
Tony Boyd identifies an adoption of The Banking and Finance Oath (BFO) across the sector as "a major step forward"

Dr Ken Henry - The Future of Banking

Thursday 21 April 2016
Dr Ken Henry delivered the key note speech at the 2016 AFR Wealth Summit with a strong focus on ethics, culture and conduct.

The Banking Oath could send a strong message: John Laker

Tuesday 19 April 2016
As banks face growing political pressure over misconduct in the industry, former regulator John Laker says more bank bosses could send a clear public signal on ethics by signing The Banking and Finance Oath.

Can banks regain public trust? The BFO is a good place to start.

Monday 18 April 2016
Dr Simon Longstaff and Dennis Gentilin collaborate and imagine what would happen if leaders in the industry put aside commercial (and even personal) rivalries to join together for the common purpose of restoring the industry's integrity.

Dr Simon Longstaff makes the case against a royal commission into Australia's banking sector.

Friday 15 April 2016
Should there be a royal commission into the banking and finance industry? Dr Simon Longstaff, Executive Director of The Ethics Centre and a member of The BFO, doesn't think so.

Banks Dangerously complacent on risk culture - James Eyers.

Monday 11 April 2016
Australia's banks are eight years behind the rest of the world when it comes to examining an inherent conflict at the heart of banking: the fair treatment of customers and the maximisation of profit.

NAB Chairman Ken Henry talks about banking culture.

Monday 4 April 2016
National Australia Bank chairman Ken Henry wants boards to take more responsibility for the ethical behaviour of their companies' employees, protect whistleblowers and their customers more and accept media criticism.

Can ethics survive in the world of banking: A lesson from CommInsure

Wednesday 9 March 2016
In the wake of the CommInsure scandal, Dr Simon Longstaff explains how corporations should respond to an ethical crisis and explains what the ethical life of a corporation demands.

Banking culture wars shouldn't hide code questions

Tuesday 8 March 2016
Most companies, including banks, have some sort of code of conduct for its employees. Signatories of The BFO make their pledge public and unlike corporate codes on a piece of paper - The BFO does carry extra weight.

Ethics and compromise don't mix

Monday 8 February 2016
Competition may be crucial to the health of the banking and finance industry, but it shouldn't come at the expense of ethical behaviour.

NAB Executive team takes The BFO

Thursday 10 December 2015
Andrew Thorburn, CEO of NAB has chosen to take The Banking and Finance Oath

John Laker to chair Banking and Finance Oath.

Friday 13 November 2015
John Laker, the former chairman of the Australian Prudential Regulation Authority, says public confidence in banks would be enhanced if industry leaders committed to ethical standards by signing up to the Banking and Finance Oath.

Industry leaders join The BFO board to confirm importance of The BFO initiative.

Friday 30 October 2015
The Banking and Finance Oath (BFO) has announced that four high profile industry leaders have joined The BFO Board, indicating how seriously this initiative is being taken.

Clare Payne champions ethics

Saturday 24 October 2015
Clare Payne's unique focus on banking and finance ethics has helped her win Money Management and Super Review's Industry Advocacy Award

Clare Payne writes for QUTEFS Review

Friday 23 October 2015
The Queensland University of Technology Economics and Finance Society Review features Clare Payne's article 'Literacy is for poor people right?'

Banking and Finance Oath reshuffles board

Tuesday 13 October 2015
The Banking and Finance Oath (BFO) has appointed a chairman and three new board members, following AMP Capital's Stephen Dunne's retirement from the industry.

VW, Leadership and Ethical Culture

Dennis Gentilin, BFO signatory and author of "The Origins of Ethical Failures" explores the VW and the systemic disrespect for principled conduct on many levels of the organisation.
Total 93 articles in this section.
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The Oath

  • Trust is the foundation of my profession.
  • I will serve all interests in good faith.
  • I will compete with honour.
  • I will pursue my ends with ethical restraint.
  • I will help create a sustainable future.
  • I will help create a more just society.
  • I will speak out against wrongdoing and support others who do the same.
  • I will accept responsibility for my actions.

In these and all other matters;
My word is my bond.

The Vision

A banking and finance industry that meets the community’s needs and has its full confidence thereby fulfilling its integral role in society.