David Korslund: GABV on Bankers Who Do Good, Be Good and Thence Feel Good
There is more to banking than dishing out loans and calling in collaterals, David Korslund of the Global Alliance for Banking On Values (GABV) tells AWANI Review Editor Razak Chik that the pursuit to amass money needs to follow tight tenets of transparency for the sake of decency.
Banking can be a cut-throat business that values bottomline, pursues returns and ultimately parade profits as their raison d’etre. But now, the emphasis on ethics and `doing good’ is becoming an increasingly important component in the banking industry as purely monetary pursuits are being tempered with the need to `be good, do good in order to feel good’. On that score, local banking is making the move to embrace the tenets of Banking on Values beginning with Bank Muamalat, which...
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Razak Chik is a journalist of long standing beginning with editorial stints in New Straits Times, business reporting with Malaysian Business as well as capital markets coverage with Investors Digest. He seeks to inculcate the practice of ethics, pursuit of truth and fairness in journalism that will form the platform for universal prosperity.