Martin Shkreli, has been called the most hated man in America. CEO of a tiny company Turing Pharmaceuticals, he had bought the lifesaving prescription drug Daraprim from its owner Impax Laboratories. He promptly hiked the price 5,455% from $13.50 a pill to $750. He has since resigned from his job […]
Amazon’s founder Jeff Bezos, is helping to fund a 200 foot tall clock designed to last millennia. He calls it “The 10,000 Year Clock” being built deep inside a Nevada mountain. “We humans have become so technologically sophisticated that in certain ways we’re dangerous to ourselves. It’s going to be […]
Turbo charge E&C programs explains the five actions a company can take to make its activities more effective in this area.
Around the globe, thousands of compliance staff wrestle daily with the challenge of monitoring, and hopefully shaping employee behaviour. Citi Bank alone claims to have 30,000. Yet there’s an obvious Achilles heel undermining all their efforts—-lack of employee trust. In virtually all ethical scandals, apart from undermining trust at the […]
All company directors and leaders juggle many plates, all spinning simultaneously. One of the most challenging plates is labelled “Sustainability” and is about ways of affecting all company activities. It is also about achieving corporate ethical respectability. But what does sustainability mean in practice? How do leaders and managers know […]
“I see this as the most damaging event for our brand in the company’s 140-year history…I don’t think these problems can be overcome overnight.” The picture of Toshiba’s CEO making a ritual deep bow of contrition while cameras whirred and flashed has gone round the world. Hisao Tinaka resigned most […]
Leaders sometimes speak up. Ethical business leaders most definitely speak up, though not enough do. A sure way to fail as a leader in today’s demanding corporate environment is to keep quiet when you should be doing the opposite. Speak up about what though? How far should progressive business leaders […]
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 […]