Guest blog from Kai Peters, Chief Executive of Ashridge Business School in Hertfordshire, UK. How ready are business leaders to lead in an ethical way? Our research suggests there’s far to go before most will handle the challenge of creating an ethical environment. For example, there must be commonly held values […]
A neat way to kick a hard ethical dilemma into touch is to re brand it as a “political” choice. Right now two great example of this happening are the dilemmas posed by fracking—getting buried fuel from just about anywhere, including under people’s homes; and the case for a third […]
Firing half of all bankers sounds a bit drastic. But then over half of them say sticking to ethical standards “inhibits their career progression.” This revelation from a new study by the Economist Intelligence Unit seems to imply a need for drastic action. You just have to know which half […]
The big UK energy companies are in a reputation crisis. Nor are they alone. On average it takes four years to mend a broken reputation. Some companies never recover. From banks to health care, from security to food, many firms and even industries have lost public trust. Most are trying to pick up […]
Mayor of London Boris Johnson has a strange take on moral values. Like the unlamented but memorable Gordon Gecko, Johnson declares greed is good. In a dubious throwback to the Margaret Thatcher era, he insists “some measure of inequality is essential for the spirit of envy and keeping up with the Joneses”. […]
The price paid for companies behaving badly goes on rising. Apart from a stream of enforced exits by CEOs, mounting fines, priceless damage to reputation and loss of customer goodwill, we’ve seen a steady drop in society’s trust in business leaders. Yet being an ethical leader is not just a […]
Little sympathy can be spared for bosses with a record of ethical failures. Often though, their resulting downfall proves the start of an incredibly costly and seemingly endless saga of damage repair as successors try to pick up the pieces. Almost simultaneously, both CEOs of global security companies Serco and […]
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