The latest survey by the Banking Standards Board (BSB) is “Like a dipstick down into the workings of the firm,” according to the chair of the BSB. This particular measuring device covers some 30,000 bank employees and building societies, but excludes certain US banks and UBS. The readings from this measuring tool […]
Companies wanting to make compliance work now need to go beyond it. Mounting pressures from various quarters are starting to make even the most resistant leader, manager and financier aware of the serious limitations of what we can call conventional compliance . Until recently though, anyone with the temerity to […]
If your boss says one thing but the company does another how would you feel? “Leaders that say one thing but do another won’t have the authenticity and credibility that’s needed to be an effective leader in today’s environment.” [1] Bruce Rosengarten, executive chairman of Message Media, One obvious consequence […]
Does reputation really matter? Is this a will o’ the wisp? Quite simply, is reputation so intangible as to be irrelevant? These are no idle questions, as we watch the shredding of the reputations of such diverse organisations as the Bank of England, the BBC, most banks, the Catholic Church, […]
In August 2014 London Mayor Boris Johnson called for ‘guilty until proven innocent’ to become the law for suspected terrorists. He argued for a reverse of the normal presumption of innocence for those who travel to Iraq and Syria.[1] Let’s not stop at terrorists though. Why not bankers? New laws […]
“With so many people rolling the dice in hopes of a big score, there are bound to be some winners, their rich rewards raise wealth inequality even further.” This conclusion by Edmund Phelps, winner of the 2006 Nobel Prize for Economics has important implications for the ethical behaviour, or rather […]
Shredding Enron documents virtually destroyed Arthur Anderson, a once world-class consultancy. The latest news about shredding of committee minutes about Forex at the Bank of England may not be in the same league. Such activity though, could undermine the integrity and reputation of the bank. This danger explains why the […]
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