Cultural & Ethical Value of Central Bank

In The Name Of “ALLAH”
The Most Gracious,

Beneficial &
Most Merciful.
Department of Business Administration Gomal University D.I.KHAN 1

TABLE OF CONTENTS
What is Cultural.……...……………………….…………………….……..3
 Defining the organizational cultural…………………………………….4
 The purpose of culture…………………………………………………..4
 The Effect of culture in central banking…….…………………………..5
What is Ethics……………………..….…………………………..............6
 Law verses ethics………………………….………………………..…..7
 Purpose of ethics………………………………………………………..7
 Golden rules of ethics…………………………………………………..7
 Golden rules of morals..………………………………………………..8
 Sources of ethics………………………………………………………..8
Definition of Values.……...……………………………………...….……..9
 How the ethics & value are diluted……….………………………..…..7
 Types of values………………………………………………………..10
Conclusion……………………………………….………………………..11
References…………………………………………….…………………..12
Glossary………………………………………….………………………..13

WHAT IS CULTURE
A body of learned beliefs, traditions, and guides for behavior shared among members of a society or a group
or we can say that culture a phenomenon that surrounds us all. Culture helps us understand how it is
created, embedded, developed, manipulated, managed, and changed.
DEFINING ORGANIZATIONAL CULTURAL
Organizational Culture is set of values, norms, guiding beliefs, and understandings that is shared by

members of an organization and is taught to new members.
OR
Expresses shared assumptions, values and beliefs & is the social glue that holds the organization together.
It’s “how we do things around here.”
 Strong-assumptions/values/beliefs-Widely shared
 Weak-Subgroup norms more influential
THE PURPOSE OF CULTURE
• To help integrate organizational members so that they know how to relate and work together
effectively.
• To help the organization adapt to the external environment.
EFFECTS OF CULTURE IN CENTRAL BANKING
• Determines how people communicate.

• Determines how people interact.
• Determines how people relate to one another.
• Guides day-to-day working relationships.
• Determines what is appropriate behavior.
• Determines how power and status are allocated.

WHAT IS ETHICS
The words ethics has emerged from Latin “Ethicus” or in Greek word “Ethicos” .The origin of these two
words is form “Ethos” which means “Custom”, “habit”, and “way of living”.
So, the discipline and practice of applying value to human behavior, resulting in meaningful conduct.
OR
The value of what should be done and what should not be done from the business point of view.
the code of moral principles and values that govern the behaviors of a person or group with respect to what
is right or wrong.
As per Oxford Dictionary the meaning of the ethics is a “system of moral principle, rules and conduct”.
While the moral is derived from Latin word “Moralis” which means “Character”. This word is used in
many times in place of ethics by mistake but these two words are different.
• Ethics: A system of moral principles.

• Morals: Have to do with right and wrong behavior. (Our principles and values governing right and
wrong behavior.)

LAW versus ETHICS
To better understand ethics let us understand and contrast the definition of law and ethics …
Law is a consistent set of universal rules that are :
 widely published,
 Generally accepted and
 Usually enforced.
These rules describe the ways in which people are required to act in society.
Ethics defines:
 what is good for the individual and for society and
 establishes the nature of duties that people owe to
 oneself and
 others in society
PURPOSE OF ETHICS
 Ethics are the guiding principles.
 Where the proposed business activity/ operation of the company borders on the unknown, the
company needs to apply the ethics principle to decide on the project.
 Ethics help make relationships mutually pleasant and productive- imbibes a sense of community
among members- a sense of belongingness to society.
GOLDEN RULES OF ETHICS

The following are the forms of the golden rule in ethics. Each of these forms the basis of all human values.
These are the core values to change one first.
1. Everything you want others to do to you, you shall do to others.
2. Do not do to others that which you do not wish them to do to you.

3. Do not do anything to others that if done to you, would cause harm to you.
GOLDEN RULES OF MORALS

1. Don’t kill.
2. Don’t cause pain.
3. Don’t deprive of freedom.
4. Don’t deprive of pleasure.
5. Don’t deceive.
6. Keep your promise.
7. Don’t cheat.
8. Obey the law.
9. Do your duty.
SOURCES OF ETHICS
The ethics of the country or society in which the organization exists are important determinants of its ethical
values.
 Societal ethics are the moral values formalized in a society’s legal system, in its customs and
practices and in the unwritten norms and values that its people follow in their daily lives.
 Professional ethics are the moral values that a group of similarly trained people develop to control
their performance of a task or use their resources. People internalize the values and norms of their
professions just as they do the values and norms of their societies. They follow these norms when
deciding how to behave.

 Individual ethics are the personal values that people use to structure interactions with other people.
In many instances, personal ethics mirror societal ethics and originate in the law. Personal ethics are
also the result of an individual’s upbringing. Because personal ethics influence how a person will act
in an organization, an organization’s culture is strongly affected by the people who are in a position
to establish its ethical values.
DEFINITION OF VALUES
 A broad definition of values, derived from an insight into ancient India’s psycho philosophical wisdom
literature is:
“Values are states of feelings/emotions that underpin the content of a choice/ decision and
determine the manner of using the intellect/ reason for justifying and implementing that
choice/decision.”
 Character is the foundation of values.
HOW THE ETHICS & VALUE ARE DILUTED
 Way of creating a greed, thirst, lust

 Way of creating trust
 Politeness with rational
 System and procedures
 Transparency
 Commitment quick
 Disposal
 Cash
 Loans
 Bank guarantee

TYPES OF VALUES
There are two kinds of values: terminal and instrumental.
A. A terminal value is a desired end state or outcome that people seek to achieve.
B. An instrumental value is a desired mode or type of behavior. Examples are provided on the next
slide.
An organization’s culture consists of the end states that the organization seeks to achieve (its terminal
values) and the modes of behavior the organization encourages (its instrumental values). Ideally,
instrumental values help the organization achieve its terminal values.

This slide illustrates how an organization’s terminal and instrumental values ultimately lead to the
development of specific norms, rules, and standard operating procedures that support the culture of the
organization. These norms, rules, and SOPs encourage members of the organization to adopt certain
terminal and instrumental values and behave in certain ways.
Norms are largely informal so many of the most crucial values an organization has are not written down.
CONCLUSION
Ethics is a set of moral values and principles related to society. The application of ethical principles
contributes to the attainment of financial moral. The domination of ethical principles implies the elimination
of criminal operation of commercial banks, i.e. less frauds, bribery, and corruption. Given that economy
cannot successfully function in the absence of ethics and morals, the necessity of introducing ethical code is
frequently advocated.
In the banking sector, the business ethics principles would be implemented in an organized fashion, aided
by normative and legal regulation in the field of bankers' business activities. The application of the code of
ethical principles would establish a defensive mechanism in the area of application of ethical values since
the position of a particular profession requires more stringent moral standards and involves sanctions for the
breach of the same. In developed countries, the issue of ethics is closely attended to.
The International Monetary Fund, the World Bank and other institutions are trying to shape the environment
of international commercial and financial relations by developing standards and codes in the field of
economic policy.
In each profession there is an ethical – moral code of behaviour. Such moral norms are established and
applied in order to govern internal relations and the relations with other groups.
The adoption of ethical standards in the form of a code of appropriate conduct could contribute to
understanding broader community. To that end, it is necessary to do the following:
 Ethical standards should be formalized in regulations. The law and other regulations may provide a
framework for advisory, reprimanding measures and other restrictions.
 Professional ethics-related advice contributes to moral reasoning. An unbiased advice alone can
contribute to the resolution of ethical dilemmas.

 An adequate responsibility mechanism should be established. In case of a violation of ethical
principles, a formal chain of responsibility should be established. There should be clear rules and
procedures to be followed by the officers.
 Bank managers should serve as role models for ethical behaviour and professionalism.
Consequently, they have a leading role since they promote ethical behaviour. Policy and practice
pursued by managers should underscore bank's commitment to ethical principles.
 Central Bank seeks to maintain high standards of service and ethics enabling it to be perceived as
impartial, ethical and independent. In addition to the general guidelines, the following are the salient
features of the Bank’s code of ethics and conduct.
Text References
1. Business Ethics, by Prof: Ravindranath.V.Badi and Prof: Narayasa, V.Badi, from management
institutes, Bangalore.
2. S.K. Chakraborthy ethics in management: vedantic perspective Oxford University Press.
Web References
 www.google.com
 http://shlideshare.net
 http://fiohnetwork.org

A
Acetate
A man-made fiber that produces a fabric with a silky feel and flowing drape. Often used for linings, acetate has a crisp
hand and a high luster.
Acetate
B
Acetate
Behavior: it is external that is the response one makes with in interaction with others, the behavior reflect
the character of the individuals.
C
Code of Ethics: A formal statement of the organization’s values regarding ethics and social issues.
A formal statement of the organization’s values regarding ethics and social responsibility and training
programs.
Chief Ethics Officer: these are the Oversees ethics programs.
Culture: A body of learned beliefs, traditions , and guides for behavior shared among members of socity or a
group or we can say that culture a phenomenon that’s surrounds us all.
Culture: A body of learned belifes, traditions, and guide
D
Acetate
A man-made fiber that produces a fabric with a silky feel and flowing drape. Often used for linings, acetate has
a crisp hand and a high luster.
Acrylic
A man-made fiber that produces a fabric with a soft, wooly hand and excellent color retention. Acrylic is easy
to wash, dries quickly and resists wrinkles.
E
Ethics committee: A cross-functional oversight group.
Ethics: the discipline and practice of applying value to human behavior, resulting in meaningful
conduct.
OR
the code of moral principles and values that govern the behaviors of a person or group with respect to
what is right or wrong.
Airflow jersey
Used in athletic wear, a moisture-wicking polyester microfiber that keeps the body dry and comfortable. Strategically
placed mesh panels enhance cooling and venting.
Acetate
F
Acrylic
A man-made fiber that produces a fabric with a soft, wooly hand and excellent color retention. Acrylic is easy to
wash, dries quickly and resists wrinkles.
G
A formal statement of the organization’s values regarding ethics and social issues.
Golden rules: do not harm others. Take decisions to others on the basis of how you would like others to
treat you.
H
Acetate
A man-made fiber that produces a fabric with a silky feel and flowing drape. Often used for linings, acetate has a
crisp hand and a high luster.
Acrylic
I
Acetate
Acrylic
Airflow jersey

J
Acetate
Acrylic
K
Acetate
Acrylic
Airflow jersey
L
Law: is a consistent set of universal rules that are widely published, generally accepted and usually
enforced. These rules are describe the ways in which people are required to act in society
Acrylic: A man-made fiber that produces a fabric with a soft, wooly hand and excellent color retention. Acrylic is
easy to wash, dries quickly and resists wrinkles.
M
Morals: Have to do with right and wrong behavior. (Our principles and values governing
right and wrong behavior )
Morals: these are the duties or rules that govern behavior of persons.
Airflow jersey : Used in athletic wear, a moisture-wicking polyester microfiber that keeps the body dry and
comfortable. Strategically placed mesh panels enhance cooling and venting.
N
Norms: Norms of expectations of a proper behavior in a society. these are not requirements or must.

O
Organizational Culture: set of values, norms, guiding beliefs, and understandings that is shared by members
of an organization and is taught to new members.
Expresses shared assumptions, values and beliefs & is the social glue that holds the organization together.
Airflow jersey: Used in athletic wear, a moisture-wicking polyester microfiber that keeps the body dry and
comfortable. Strategically placed mesh panels enhance cooling and venting.
P
Acetate
Acrylic
Q
Acetate
Acrylic
Airflow jersey
R
Acetate
Acrylic
S
Acetate
Acrylic
Airflow jersey
T
Acetate
Acrylic
U
Acetate
Acrylic
Airflow jersey
V
these are the ends goals sought by the individuals.
Values :
is the quality of being useful or desirable .it is commonly used to all things which
Values :
people regard as good, desirable and just.
Acrylic
W
Acetate
Acrylic

Airflow jersey
X
Acetate
Acrylic
Y
Acetate
Acrylic
Airflow jersey
Z
Acetate
Acrylic

Cultural &amp; Ethical Value of Central Bank

Hochgeladen von

Dokumentinformationen

Originalbeschreibung:

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

Cultural &amp; Ethical Value of Central Bank

Hochgeladen von

Copyright:

Verfügbare Formate

In The Name Of “ALLAH”

The Most Gracious,

Department of Business Administration Gomal University D.I.KHAN 1

Department of Business Administration Gomal University D.I.KHAN 2

DEFINING ORGANIZATIONAL CULTURAL

Department of Business Administration Gomal University D.I.KHAN 3

 Weak-Subgroup norms more influential

THE PURPOSE OF CULTURE

EFFECTS OF CULTURE IN CENTRAL BANKING

• Determines how people communicate.

Department of Business Administration Gomal University D.I.KHAN 4

• Ethics: A system of moral principles.

Department of Business Administration Gomal University D.I.KHAN 5

GOLDEN RULES OF ETHICS

Department of Business Administration Gomal University D.I.KHAN 6

GOLDEN RULES OF MORALS

Department of Business Administration Gomal University D.I.KHAN 7

HOW THE ETHICS & VALUE ARE DILUTED

 Way of creating a greed, thirst, lust

Department of Business Administration Gomal University D.I.KHAN 8

There are two kinds of values: terminal and instrumental.

Department of Business Administration Gomal University D.I.KHAN 9

Department of Business Administration Gomal University D.I.KHAN 10

Department of Business Administration Gomal University D.I.KHAN 11

Chief Ethics Officer: these are the Oversees ethics programs.

Culture: A body of learned belifes, traditions, and guide

Department of Business Administration Gomal University D.I.KHAN 13

Department of Business Administration Gomal University D.I.KHAN 14

Department of Business Administration Gomal University D.I.KHAN 16

Department of Business Administration Gomal University D.I.KHAN 17

Das könnte Ihnen auch gefallen

Cultural & Ethical Value of Central Bank

Cultural & Ethical Value of Central Bank