Higher Purpose, Corporate Culture and Governance in Banking
14 Pages Posted: 3 Feb 2020
Date Written: January 3, 2020
This paper provides a brief assessment of how organizational higher purpose, ethics, culture and corporate governance have evolved in banking since the financial crisis. It concludes that we need to strengthen capital ratios and equity governance in banking to improve ethics and culture, and de-emphasize liquidity regulation. It also advocates the embrace of authentic organizational higher purpose in banking as a way to foster stability and growth.
Keywords: organizational higher purpose, ethics, corporate culture, banking
JEL Classification: G01, G21, G28
Suggested Citation: Suggested Citation