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Frost Bank

In: Business and Management

Submitted By redsgirl28
Words 503
Pages 3
Diversity within Frost National Bank- Frost National Bank is one of leading banks throughout the country. Frost Bank has been operating since 1868 and is very dedicated to maintain a diverse workplace. In fact, they created a diversity statement to ensure the comfort ability of their employees. The diversity statement that was created discusses how their employees are the key to their success. Frost Bank is committed to “attracting, retaining, and promoting top quality talent regardless of gender, race, color, national origin, age, religion, physical ability, and any other difference that makes us unique.” The way that Frost Bank chooses their candidates for employment is selecting the most qualified person that has applied for the available position. Frost Bank rewards and recognizes their employees for their individual achievements and success. The diversity statement states, “We are dedicated to providing a workplace for our employees that is inclusive, supportive, and free of any form of discrimination and harassment.” Frost Bank believes that being able to understand the financial needs of the customers; they need to have a workforce that reflects the communities. Frost Bank’s main priorities are supporting and understanding the community. To lessen the burden of miscommunication within diversity, The tasks of planning, leading, organizing, and controlling must be distributed evenly throughout the levels of management. Using this tactic can ease top management positions so they can concentrate on higher corporate responsibilities.
Ethics within Frost Bank-
Frost Bank follows a code of ethics to address staff conduct. The code focuses on a fiduciary duty to you, discreet transactions securely by the staff, trading inside, received gifts by staff and interest conflict. The code of ethics that Frost Bank has a firm stand on are as follows- The duty at all times to place the interest of the clients first; that all personal security transactions be conducted in a manner consistent with the code of ethics and to avoid any actual or potential conflict of interest, or any abuse of an employees’ position of trust and responsibility; the staff may not take inappropriate advantage of their positions; that information concerning a clients’ financial information, and security holdings are confidential and should be kept secure and; that independence in the investment decision-making process is important. The code of ethics brochure is provided to any prospective client or upon request. The staff is allowed to engage in personal security transaction with the proper authorization. Even though these transactions can raise a potential conflict, policies and procedures are enforced to ensure that no conflict is raised. Frost National Bank is an organization that tries to ensure the comfort ability and security of both staff and client.
The rules that Frost Bank has chosen to enforce has made them remain successful in all departments. If Frost Bank remains to stand by their rules and procedures correctly, they should remain a successful and trustworthy business.
References-
https://www.frostbank.com/SiteCollectionDocuments/Investments/SEI/ADVPartII.pdf https://www.frostbank.com/Pages/Careers-Diversity.aspx http://www.infobarrel.com/The_Impact_of_Diversity_on_the_Four_Functions_of_Management

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