Responsibility of bank managers

Moral and legal responsibility is an inherent feature of managerial functions. In the praxeological cycle: act (decision) – effect – evaluation – responsibility – consequences, there is a range of theoretical and practical problems concerning responsibility. The responsibility of high-managers in banks seems to be of particular importance; a topic that received relatively little space in the literaturę of management. In practice, there are ethical problems concerning the level of requirements and qualifications versus salary and the level of legal and financial liability, especially against top-managers of the largest banks; often in a situation of extensive social impact of their decisions.