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.

BFO in the News

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Corporate Culture:Evidence from the field.

1 December 2016

This body of research draws on interviews and unique survey tools used to look at the evidence of culture in over 1,300 North American organisation. Overwhelmingly executives linked culture to ethical choices.

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Killing Conscience: The Unintended Behavioral Consequences of 'Pay For Performance'

23 August 2016

It is often argued that incentive programs providing large material rewards are the best and possibly the only way to motivate corporate executives and other employees to serve their firms' interest. Science dis agrees.

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Integrity, without it nothing works

26 June 2016

Reflecting on the 2008-09 finance crisis, Professor Michael Jensen says that putting the economic system back in order is deceptively simple: "people have to start honoring their word. If they do, trust will materialize almost instantly."

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Culture Matters

26 June 2016

"Culture, more than rule books, determines how an organisation behaves" - Warren Buffett. Erica Salmon Byrne, Executive VP Governance and Compliance at The Ethisphere Institute, recognises that there are many organisations with formal systems that say one thing and cultures that promote another. This article looks at the advantages of measuring culture and suggests ways to do it.

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Corporate Culture

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.

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Corporate Culture and Duties of Directors

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.

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Clare Payne writes for QUTEFS Review

23 October 2015

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

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VW, Leadership and Ethical Culture

6 October 2015

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.

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Ethics Across Generations

20 July 2015

Generational differences should encourage managers to tailor their communications about business ethics, rather than adopting a one-size-fits-all policy.

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The Street, The Bull and The Crisis

19 May 2015

Labaton Sucharow LLP, which established the nation’s first practice exclusively dedicated to representing SEC whistleblowers, today announced the results of its collaborative survey with the University of Notre Dame’s Mendoza College of Business. The survey, the most expansive of its kind, polled more than 1,200 U.S. and U.K.-based financial services professionals to examine views on workplace ethics, the nexus between principles and profits, the state of industry leadership and confidence in financial regulators. With findings pointing to a continued disregard for ethical engagement and alarming new tactics to silence potential whistleblowers, the industry appears to be faltering in its reform efforts.

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'Thinking about our profession' by Harrison Young

8 May 2015

At the recent 2015 AFR Banking and Wealth Summit, CBA Director Harrison Young shared his inspiring thoughts on banking as a profession. Resonating with The BFO, he has kindly given permission for us to post on The BFO website.

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News in brief: Culture & Dishonesty

4 December 2014

A recent research study shows that business culture in the banking industry favours dishonest behaviour. The influence of materialistic values in the financial sector and the specific norms, visions and expectations of its business culture encourage unethical behaviour...

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Ethics: Individuals’ behaviour is tough to regulate

23 November 2014

If educational standards are a bugbear for the investment advisory industry, unethical behaviour is an even harder problem to solve.

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Lying, cheating bankers

22 November 2014

Talking about their work makes bankers more dishonest

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Land of the free.

1 November 2014

As Australian advice finds its feet in the fee-for-service world, there is plenty to learn from the American experience.

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