Recently, PayPal killed the accounts of anyone pushing racist views. “You have to have the courage to make those decisions” PayPal CEO Dan Schulman.” The action shows how ethical leaders can take relevant actions to promote social responsibility by their companies and key stakeholders. Echoing these concerns about social responsibility, […]
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 […]
Time to go easy on the banks, argues the head of the CBI. Let’s take bankers “off the naughty step.” How persuasive is this plea in behalf of a much tainted profession? No too convincing say some: “A little longer on the naughty step will benefit the banks” went […]
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 […]
There’s a disease eating away at many organisations. It has many names, but the best of them is “wilful blindness.” Another is conscious avoidance or ostrich tendency. Whatever you choose to call this insidious behaviour it’s about not asking too many questions, refusing to know and acknowledge what’s going on […]
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 […]
“The most valuable asset in the capitalist economy is not cash, stock or buildings, but trust.” Economist Intelligence Unit, Risk of Risks What would a serious blow to your company’s reputation cost? This was once a rather academic query–most organisations could afford to consign it to the back burner. Today […]
“None of this activity was picked up by our systems and flagged to me sitting in London.” Chris Mears, head of HSBC private banking from 2006 to 2011. This tells you everything you need to know about why HSBC is in the mess it’s in today—mainly because, according to the […]
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