... across a variety of business units (see Appendix A), BMO is one of the hundreds of financial institutions in North America that society relies on to protect their life savings. Thus, BMO has many stakeholders and like the majority of its competitors, has a code of ethics in place to try and prevent employees acting unethically and harming those stakeholders. While in the financial sector there is a wide array of rules that must be complied with, BMO has taken a surprisingly values-based approach to its code of ethics, with the corporation trusting its employees' judgments in taking the best decision when faced with an ethical issue. Unlike the 'rule-books' of some companies, BMO's code of ethics, named "First Principles - Working With Integrity" is a concise, well-presented and instructional document that outlines the company's expectations of employees, and gives them guidance as to how to act when faced with ...

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