Bank of America Ethics

Document Type:Essay

Subject Area:Business

Document 1

The Bank of America Corporation has a great responsibility of ethical behaviour in its operations, which it strives to fulfil with the help of the code of ethics. The corporation’s ethical climate is characterized by a comprehensive code of ethics, which applies to all its employees and directors, who are all accountable for upholding the highest ethical standards as they execute their various responsibilities. The bank honors its code of ethics and acts ethically in handling stakeholders. Importantly, decision making adheres to relevant facts and takes into consideration relevant laws, policies, and standards. In addition, the bank is honest and fair in communication. The corporation has been involved in many other lawsuits, revealing its failure to fully uphold the ethical standards required in the industry.

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