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Reference no. 9-399-110
Prize winner
Published by:
Harvard Business Publishing (1999)
19 April 1999
15 pages
Data source:
Field research


Fola Adeola, the CEO of Nigeria's Guaranty Trust Bank and one of its founders in 1991, is considering what should be done to maintain the bank's original vision and vitality in the face of its rapid growth and success in the marketplace. Known for its high ethical standards, the bank is planning to expand inside and outside Nigeria. Among Adeola's concerns is what to do about employees' insistence on underpaying their personal income taxes - a practice he regards as inconsistent with the bank's mission of being a role model for society. A rewritten version of an earlier case.


Business conditions; Business ethics; Organizational culture; Organizational development; Social responsibility; Legal aspects of business; Developing countries
USD200 million revenues, 600 employees
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