Moral governance

The public outcry over media reports that the Agricultural Bank of Greece (ABG) governor had been using his corporate credit card to cover personal expenses has renewed debate over the size of salaries awarded to senior state sector officials. Dimitris Miliakos said that past decisions on the issue by the general shareholders did not specify limits on the card’s use and invoked the practices of his predecessors.

The question is, if the card is not just intended to cover business expenses, then why is the designated monthly premium not added to the governor’s already generous wage? Clearly, Miliakos did not break the law. The issue, rather, is a moral and symbolic one.

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