The Banking and Finance Oath (The BFO) has added Pauline Vamos, chief executive officer of the Association of Superannuation Funds of Australia (ASFA), and Philip Chronican, chief executive officer of ANZ Australia to their board.
Ms Vamos is a qualified lawyer and has over 20 years' experience in the financial services industry.
"I'm [hoping] that by supporting The BFO, others across the industry will be encouraged to consider ethics as a priority when assessing a process, product or initiative. I hope that it moves the conversation beyond what is legal or compliant, to what is ethical," she said.
In addition to his role at ANZ, Mr Chronican is a director of New South Wales Treasury Corporation (NSW TCorp) and Chairman of NSW TCorp's audit and risk committee.
"For The Oath to be effective, it's critical that people across the industry voluntarily take up this call to action, and I'm confident there is an appetite for this among my peers," he said.
The BFO aims to encourage increased consideration of stakeholders and more accountability for decision-making across the industry. It is a voluntary initiative.
