Ethical leadership : a case study of the Vatican Bank scandal / John Francis Diaz, Angie Coleen Besana.

Format:

Book

Author/Creator:

Diaz, John Francis, author.

Besana, Angie Coleen, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Business ethics--Case studies.

Business ethics.

Leadership--Case studies.

Leadership.

Physical Description:

1 online resource.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2026.

Summary:

This case study examines the Vatican Bank scandal through the framework of ethical leadership, analyzing the role of leadership failures in the bank's involvement in illegal financial activities, including money laundering and fraud. The Vatican Bank, formally known as the Institute for Religious Works (IOR), was intended to uphold the Catholic Church's financial and ethical principles. However, its leaders prioritized secrecy and financial gain over transparency and accountability, resulting in multiple scandals, including its complicity in the collapse of Banco Ambrosiano. Efforts at reform, particularly under Pope Francis, sought to restore ethical governance, but the lasting damage underscores the critical need for ethical leadership in maintaining trust and organizational integrity. The case explores how the absence of key ethical leadership traits, such as transparency, accountability and concern for the common good, led to a culture of corruption within the bank. It highlights the damaging effects of inconsistent and unethical leadership on organizational trust and credibility, particularly within religious institutions that serve as moral authorities. The case offers valuable lessons for decision-makers in leadership positions about the long-term consequences of unethical leadership and the importance of moral integrity in financial management.

Notes:

Description based on XML content.

ISBN:

1-0719-2138-X

9781071921388

OCLC:

1569208908

Publisher Number:

T298211