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CSR and Banking Morals: On the Introduction of the Dutch Banker’s Oath

  • Wybe T. Popma
Chapter
Part of the Palgrave Studies in Governance, Leadership and Responsibility book series (PSGLR)

Abstract

Responding to public and political criticism of ethical decision making in the financial sector, the Banker’s Oath was introduced in Holland in 2012. Originally, the oath was only applicable to senior management, but soon the oath was made legally required for all employees of banks in the Netherlands. This chapter discusses the process of introduction of the oath, its reception by the banking sector, its initial moral and legal consequences and possible future impact on corporate versus individual moral agency. As an instrument of virtue ethics, the oath may strengthen corporate governance structures by making employees individually responsible for the ethical impact of decisions made in a corporate context. This makes the Banker’s Oath a very interesting new element of corporate social responsibility.

Keywords

CSR Oath Moral agency Business ethics Banking 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Brighton Business SchooolUniversity of BrightonBrightonUK

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