Ethics and Corporate Values

Induction for Bank Trainees

01/12/2024
 እንኳን ደህና
መጣችሁ !!

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 Contents
• About Ethics and Corporate values Department
• Objectives of Ethics and Corporate Values
• CBE’s corporate values..5
• Ethics and Morality…..7
• Source of ethics……….2
• Importance of Ethics……..5
• Work ethics and its Key components ……5
• Corruption, cause, types, Impacts and mechanism of combating...20
• Principles of ethical service….5
• Code of Conduct……..6
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 About Ethics and Corporate Values

Ethics and Corporate Values Unit:

• founded on November 2010 (ኅዳር፣ 2003 ዓ.ም)
• started its operations named by Ethics and Anti-
corruption office.
• Currently, renamed as Ethics and Corporate Values
Department,
• it performs various activities related to building of
Ethics and moral values, prevention of corruption and
improprieties.
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 Objectives of Ethics and Corporate Values

• Create employees who do not condone corruption by

building ethics and moral values, providing training or
workshop
• Proactively prevent corruption and impropriety practices
• Exposing corruption & impropriety, investigating and
taking appropriate actions against the perpetrators.
• Facilitating the disclosure and registration of assets
• Managing the complaints receiving through Whistle-
Blowing regarding to corruption, impropriety, misconduct,
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 Values
• Qualities, characteristics, or ideas about which we feel
strongly.
• Our values affect our decisions, goals and behavior.
• A belief or feeling that someone or something is
worthwhile.
• Values define what is of worth, what is beneficial, and
harmful
• Values are standards to guide your action, judgments,
• and attitudes.
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 CORPORATE STRATEG OVERVIEW
Core Values INTEGRITY

CORPORATE SERVICE
CITIZENSHIP EXCELLENCE

RESPECT CORE PROFESSIONALISM

VALUES
FOR
DIVERSITY

TEAMWOR EMPOWERMENT
K
INNOVATIVE
ORGANIZATION

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 OVERVIEW OF ETHICS
Definition of ethics
• standards that an individual or a group has about what is
right and wrong, or good and evil.

• standards of behavior which promote human welfare and

the good.

• how we behave, about the standards we hold ourselves

to…

• how we treat each other, even those we do not know.

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 OVERVIEW OF ETHICS

Ethics:
• being of service and doing things that benefit the
organization and community.
• acting in alignment with our moral compass, and upholding
consistent values that guide us in our choices .
• Ethical life-----------------------------consistency
• Ethical life-------------------------------Predictability

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 OVERVIEW OF ETHICS

Ethics is:
• Not just feelings or conscience.
• Not same as religion.
• Not just following the law.
• Not following what everybody does.
• Not just technology or science

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 OVERVIEW OF ETHICS

• Rather Ethics refers to well-founded/well-substantiated/

standards of right and wrong that prescribe what humans
ought to do.

• It is usually reflected in terms of rights, obligations, benefits

to society, fairness, or specific virtues like honesty,
confidence, respect and fair acting in all circumstances.

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 OVERVIEW OF ETHICS

Ethics is the science that teaches man not to live

in a subhuman ways.

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 OVERVIEW OF ETHICS

2.3 Importance of Ethics

Ethics influence & contribute to:-
Employee commitment
Investor customer loyalty &confidence
Customer satisfaction
The ability to build relation ship with stakeholders
Cost control
Performance ,revenue and profit
Reputation and image
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 OVERVIEW OF ETHICS
Attitude

knowledge

Skills

Ethics

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 OVERVIEW OF ETHICS
Source of ethics

Famil
y

Moral &
value Situation
Individual
ethics

Experience
Peer

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 OVERVIEW OF ETHICS

Ethics, morality and value

• Ethics and morals relate to “right” and “wrong”

conduct. While they are sometimes used

interchangeably, they are different: ethics refer to rules

provided by an external source, e.g., codes of conduct

in workplaces or principles in religions.

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 OVERVIEW OF ETHICS

• Ethics does not mean the same as morals, it is the study

of morals.

• Ethics is the rules we use to guide our moral behaviors.

• Ethics tell people how to act in the way that meet the
standard our values set for us.

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 OVERVIEW OF ETHICS

• Moral refers to the goodness or badness of a person’s

character, or to the personal conduct of an individual.

• Is the standard by which we determine what is good.

• May also be specifically synonymous with “goodness”

or “rightness.

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 OVERVIEW OF ETHICS

• Moral derived from the code of conduct from a

particular philosophy, religion or culture, or it can drive
from a standard that a person believes should be
universal.

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ሞራል የአንድ የሰለጠነ ማህበረሰብ እሴት መገለጫ ነዉ፡፡
እነዚህም፡፣
አክብሮት መቻቻል
፡፣

ፍቅር አብሮነት

ትዕግስት ትህትና
01/12/2024
WORK PLACE ETHICS AND ITS COMPONENTS

Work Place Ethics-Definition

• rules, guidelines, moral principles, standards or set of
values
• govern the behavior of people at work
• better positions, prosperous future and developing a good
sense of responsibility, advocating hard work and
diligence.
• quality of your work and the atmosphere of your
workplace.
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 WORK PLACE ETHICS

Key Components of Work Ethic

1.Attendance / Punctuality
• Limit Absences
• Be at work every day possible
• Plan your absence
• Don’t abuse leave time
• Be punctual every day
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 WORK PLACE ETHICS

2. Character
• Honesty
• “Honesty is the single most important factor having a direct
bearing on the final success of an individual, corporation ,
or product.”
• Dependability
• Complete assigned tasks correctly and
promptly
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 WORK PLACE ETHICS

Loyalty
• Speak positively about the company

• Be willing to learn

• Look to improve your skills

• Respect others

• Refrain from Gossip

• Be open
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 WORK PLACE ETHICS
3 . Team Work
•
Is the ability to cooperate and communicate
effectively with others to achieve a common goal.
• “Talent wins games, but teamwork and intelligent wins
championship” (Michael Jordan).
• Sense of Teamwork & responsibility
• Sharing of duties and responsibilities
• Synergy = 1+1>3
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 WORK PLACE ETHICS

4 . Appearance

• Is how someone looks.

• 55% of another person‘s perception of you is based on

how you look.

• Dress Appropriately

• Personal hygiene

• Good manners
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 COMPONENTS OF WORKPLACE ETHICS…

5 . Attitude

• Have a good attitude

• Accept responsibility of your work

• Be open and accept the change that will surely come.

• Attitude is everything

• Attitude determines your altitude

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 COMPONENTS OF WORKPLACE ETHICS…

6 . Productivity

• Efficiency plus effectiveness

• Using financial, time and other resources wisely and

achieving one’s goal as per the plan by:

• Having a sense of belongingness

• Being committed

• Respecting rules of your work

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 WORK PLACE ETHICS

7 . Organizational Skills
• Manifests skill in prioritizing and management of time
and stress, flexibility in handling change

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 WORK PLACE ETHICS

8. Cooperation
• Is working together to achieve more

• you see the bigger picture and do what is necessary for

the team and company

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 COMPONENTS OF WORKPLACE ETHICS
9. Communication skills…
• Avoid speaking for others, without checking your
understanding, or by universalizing your opinions, beliefs,
values, and conclusions, assuming everyone shares them.

• Manage your own personal boundaries:

• Respect the personal boundaries of others.

• Avoid interrupting and side conversations.

• Make sure that everyone has time to speak, all equal “air
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 COMPONENTS OF WORKPLACE ETHICS
Communication skills…
• Seek to “elicit the best” in communications and
interactions

• Listen when others speak.

• Speak non-judgmentally.

• Speak from your own experience and perspective

• Seek to understand others

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 WORK PLACE ETHICS

10 . Professionalism
• Involves everything from how you dress and present
yourself in the business world to the way you treat
others.

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 WORK PLACE ETHICS
11. Integrity

 Integrity in the workplace comes in many forms, but above all

refers to having upstanding character traits and work ethics
including sound judgement, honesty, dependability, and loyalty.
A well-known definition is:

 Integrity is doing the right thing (through your words,

actions and beliefs) when no one is watching.

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 CORRUPTION
Definition

Robert Klitgaard, (1998):

• Corruption. According to him, Corruption = Monopoly of

Power + Discretion – Accountability.

• It means that if one has a monopoly of power and has a

freedom to decide for him/herself in applying rules as
well as no accountability for decisions made, then one is
likely to become corrupt.
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 CORRUPTION
The World Bank:
• Corruption: abuse of official position for private gain.

African Union:

• Corruption is defined in terms of acts such as:

Solicitation or acceptance, directly or indirectly, by a
public official, of any goods of monetary value, or other
benefit, such as a gift, favor, promise or advantage

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 CORRUPTION

The United Nations:

• Corruption is the accumulation of wealth by any public official or
holder of public office in his or her own name, in the name of his or
her spouse, children or any kin or in the name of his or her front man
by exploiting his or her office or official position

• It is also the possession of wealth and assets beyond known source

of income through unjustifiable income.

• Generally speaking as “ the abuse of entrusted power for private

gain.”
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 CORRUPTION

Manifestation of corruption
• The degree of occurrence of corruption may vary
from one organization to another and from country
to country.
• But forms of corruption and its impact are almost
similar throughout the world.

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 CORRUPTION

Causes of Corruption
• Political;

• Economic;

• Social-cultural;

• Organizational.

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 CORRUPTION

4.4 Type of corruption

• Grand corruption

• Petty corruption

• Political Corruption

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 CORRUPTION

Forms of corruption

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 CORRUPTION

Impact of Corruption
 Political

• Lack of peace security

• Will have impact the quality of democracy

• Undermine state of justice

• Loss of public confidence on government

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 CORRUPTION
• Economical

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 CORRUPTION

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 CORRUPTION

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 CORRUPTION
Social Crises

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 CORRUPTION
 Environmental

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 CORRUPTION

Mechanisms for Combating Corruption

• Political commitment;

• Administrative reform;

• Transparency and Accountability;

• Legal Framework;

• Establishment of key institutions; and

• undertaking public awareness programs.

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የሙስና ዓለም አቀፍዊ ሁኔታው በኢትዮጵያ ላይ ያሳረፈው ተጽዕኖ፤

• ከተባበሩት መንግስታት እስከ ሉዓላዊ ሃገራት ሙስናን ቀዳሚ አጀንዳቸው በማድረግ

ለመከላከልና ለመዋጋት ጥረት እያደረጉበት ይገኛሉ፡፡

• እንደ ዓለም አቀፍ የኢኮኖሚ ፎረም መረጃ መሠረት ሙስና 2.6 ትሪልዮን የአሜሪካ ዶላር
ወይም 5% የዓለምን ዓመታዊ አጠቃላይ የምርት ገቢን እያሳጣ ነው (ዓለም ባንክ
2018)፡፡

• በየዓመቱ ከ1 ትሪሊዮን ዩ.ኤስ.ዲ በላይ በህገወጥ ባለሃብቶች እና ግለሰቦች በየዓመቱ ገንዘብ

ይሸሻል፤ ይህ ሀብት አፍሪካ በ50 ዓመታት ካገኘችው የውጭ ድጋፍ በላይ ነው፡፡

49
ቀጣይ…
• በአሁኑ ወቅትአፍሪካ በየዓመቱ 50 ቢሊዮን በላይ መጠን ያለው ሃብት በገንዘብ ሽሽት
የሚዘረፍባት አህጉር ነች (HLD)፡፡

• በሀገራችንም ሰፊ የካፒታል ሽሽት በመፈጠሩ የውጭ ምንዛሪ እጦት እያስከተለ ሀገራችንን

ለጥገኝነት እያጋለጠ ነው፡፡

• በኢትዮጵያ በአጠቃላይ በ30 ዓመታት 30 ቢሊዮን ዶላር መሸሹን ይዘገባል፡፡

• ሀገሪቱ በውጭ ምንዛሬ እጦት እየተሰቃየች ሙሰኞች ደግሞ ከዚች ደሀ ሀገራቸው የውጭ ምንዛሬ
በማሸሸት በውጭ ሀገር የቅንጦት ኑሮ ይኖራል፡፡

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 CORRUPTION

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 PRINCIPLES OF ETHICAL SERVICE
1.Integrity

2. Honesty

3. Loyalty

4. Transparency

5. Confidentiality

6.Accountability

8.Exercising Legitimate Authority

9. Impartiality

10. Respecting the Law

11. Responsiveness

12. Exercising Leadership

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 Code of conduct

The purpose of the code of conduct is to:

• set up the ethical and appropriate behavioural

rules;

• define the commitment that the Bank expects;

• describe the appropriate behaviour -

• describes the do’s and don’ts that would be

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 Corporate Aspirations, Values, Culture, and Ethical Principles of the Bank

• Incorporates 12 broad ethical principles within which

about 27 sub principles within them.

• These principles guide the ethical behaviour and

standards of personal and business conduct and also
applicable to all employees and its stakeholders.

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 CBE Vision, Mission to Corporate Values
“World class Bank”, “Realize Stakeholders’ Values”
• The code CBE Corporate CBE Ethical Principles
Values
tries to 1.Honouring the Bank’s Code of
reinforce 1. Integrity
Conduct

our 2. Service
2. Acting Ethically
3. Valuing All Employees
corporate Excellence 4. Handling & Safeguarding Info

values 3. Professionalism
4. Empowerment
5. Protecting the Bank’s Assets
6. External Communications
7. Recording & Reporting Financial Affairs
5. Innovative
Organization Responsibly
8. Comply with laws and regulations
6. Teamwork
9. Risk Awareness and Management
7. Respect for 10.Disclosure & Registration of
Diversity Employees’ Assets
8. Corporate 11. Outside Banking Activities
Citizenship 12. Reporting of Violations
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Principle 1-Honouring the Bank’s Code of
Conduct

• Compliance with the Code of Conduct

• Read, Understand and Implement the Bank’s

Policies, Procedures, Guidelines and Other
Instructions

• Whistle-Blowing and Protection against Retaliation

• Limitation of Authority
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 Principle2- Acting Ethically

• Act with Honesty and Integrity

• Treat Others with Respect

• Accountability

• Maintaining Professionalism

• Intellectual Good Judgment

• Fair and Transparent Service Delivery

• Anti-Corruption and Bribery

• Demonstrate Discipline and Decency

• Conflicts of interest

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•
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Principle 3-Valuing All Employees

• Respect for Diversity and Inclusiveness

• Empowerment

• Discrimination, Workplace Harassment, Nepotism and

Favouritism

• Workplace Safety and Health

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Principle 4 – Handling & Safeguarding Info

• Safeguarding Confidential Information

• Duty of confidentiality

• Use of Social Media, Use of Email and Other Forms of

Electronic Communication

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Principle 5 – Protecting the Bank’s Assets

• Use of the Bank's Computer Systems

• Use of Other Asset

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 Principle 6 - External Communications

• Designated Senior Management Officials/Corporate

Communications Department or delegates are only
responsible for CBE's communication with the press
and the general public.

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Principle 7-Financial Affairs Recording & Reporting Responsibly

• All transactions of the Bank must be duly recorded;

• No false or misleading entries may be made in the books

and records of the Bank for any reason;

• No undisclosed or unrecorded fund or asset of the Bank;

• No payment without adequate supporting documentation;

• Reports made to the management shall be based on facts

or actual performance and shall avoid window-dressing.

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Principle 8- Comply with laws and regulations

• Respecting General Laws and Regulations

• Anti-Money Laundering, Terrorist Financing & Economic

sanction

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Principle 9 - Risk Awareness and Management

• Every employee has a responsibility to be aware of

the surrounding risks which can result from his/her
actions or decisions and to manage these risks
appropriately.

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Principle 10 - Disclosure and Registration of Employees’ Assets and Income

• All employees shall disclose and register the assets

and incomes under the ownership or his/her
possession or his/her family as per proclamation of
disclosure and Registration of Assets.

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Principle 11 - Outside Banking Activities

• Any work for a political candidate or for religious

institution must be done outside the working hours
and the workplace; without the use of the Bank’s
resources or in the Bank’s name.
• But no prohibition of employees for any level of
election

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Principle 12- Reporting of Violations

• Report to the Bank any violation of this Code;

• Supervisors or managers of the Bank who receive a

report of suspected wrongdoing must take prompt and
decisive action;

• Must either seek guidance from Ethics Officer, or report to

the Internal Audit for investigation as applicable.

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 Thank You!
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