This is the resounding message seeping from countless worried companies on both sides of the Atlantic. As regulators persist in checking on the honesty and integrity of numerous organisations they are fuelling a bonanza of new roles and soaring salaries. Compliance professional are the toast of financial services […]
Ethical Engagement Feature
Compliance tsar quits: leaves 1300 toilers at Barclays
The much heralded appointment of a super senior compliance Tsar at Barclays, Sir Hector Sants, has ended in stress, sickness, absenteeism and finally a permanent resignation. 1 Apparently he was worn down by his attempts to improve global compliance and had clashed with some colleagues over what had to be […]
Why leaders keep trying to shoot the messenger
Shooting the messenger has a long and inglorious history. Today’s messengers of ill-tidings are often whistle blowers–people who break out of their system to express their concerns. Even when these complaints are legitimate leaders tend to be highly ambivalent towards such actions. Famously, fifteenth century King Boabdil on learning his city of Alhama had fallen […]
When a company’s values fall apart
Ethical engagement–or rather the lack of it–came into sharper focus this week with the resignation of Chris Hyman, long-standing CEO of the outsourcing firm Serco. This corporate leader has presided over a long trail of unethical behaviour including allegations of overcharging on a tagging contract, dodgy record keeping when escorting […]
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