The document discusses the necessity for contemporary companies to integrate high performance with high integrity, emphasizing the role of CEOs in cultivating a robust culture of integrity through consistent actions and processes. It highlights the importance of corporate governance, accountability, and the need for leaders to embody the organization's core values while addressing integrity violations effectively. Additionally, it warns against the temptations of financial pressures and the repercussions of neglecting ethical standards, which can lead to significant negative impacts on the company.

1. High Performance with High
Integrity
Ben Heineman Jr

2. Contemporary companies must
fuse high performance with high
integrity.

3. Hi performance means
Strong sustained economic growth
Superior products and services
Durable benefits to shareholders
and stakeholders.

4. Hi Integrity means
Tenacious adherence on the part of
the orgn to rules and procedures, in
spirit and letter
Voluntary adoption of global
standards
Employee commitment to the core
values of
honesty,candor,fairness,reliability and
trustworthiness.

5. I urge the CEOs to move beyond
the ‘tone at the top 'platitudes to
drive a robust high integrity and
high performance culture by
reaching out deep into the
company.

6. If we want hi performance with
high integrity, we should actually
focus on how the CEO actually
governs the company.

7. The CEO and his team need to
literally take thousands of actions
with integrity implications every
day.

8. We will not repeal human nature ,
but we must reduce improprieties
to a minimum. It is a quest taken
in good faith, engaging most of
the people most of the time, in a
human way.

9. Personal incentives driven by
‘making the numbers’ create
ubiquitous temptations.
Employees may feel that their
bonuses etc. and even job security
depends on those numbers.

10. I believe that the CEOs core task is
to channel the financial pressures
by building systems, processes
and articulating principles for
every decision.

11. Corporate governance has three
dimensions:
a. The relationship betn shareholders
and the company,b.The relationship
between the directors and the top
leaders and c. The relationship
between leaders and the employees.

12. Any business leader who has been
through an intense government
investigation, can testify to its
huge and negative impact.

13. As a result, business leaders must
work much harder and more
effectively in a hostile, less
forgiving environment.

14. High Integrity from leaders gets
many benefits :
It attracts good talent, it
empowers employees to speak up,
it contributes to meritocratic
evaluations,helps create
alignment between personal and
professional values.

15. If you create the right systems and
procedures, you create the right
culture.

16. A company must have a robust set
of practices to:
track business disciplines
have real consequences
use needed resources

17. Leaders must lead

18. Put integrity first

19. The CEO must make it clear that
top executives of the company will
not be spared or favored for any
violation of the code, in fact they
should be held to a higher
standard.

20. An even more powerful message
is the removal of senior leaders
whose problem is ‘omission’ and
not ‘commission’. They knew but
didn’t act, that’s a bigger sin.

21. The CEO must remove all leaders
who don’t commit to high
integrity behaviors.

22. Communicate decisions candidly.

23. Leaders must embody values.
Companies are exquisitely attuned
to hypocrisy on the part of their
leaders.

24. For a CEO, every employee event
is a ‘public’meeting that demands
the best personal behavior that is
consistent with company values.

25. Senior executives must both be
managers and leaders.

26. The hardest act for a hi
performance hi integrity culture is
the ability for business leaders to
invest time and effort needed to
embed integrity principles and
practices into key business
processes.

27. Once detections of violations are
seen, a good company responds
effectively and quickly.

28. Responding to violations has four
dimensions :
Investigation
Individual discipline
Remediation within the business
unit
Remediation across the company
as appropriate

29. The impropriety such as cheating
on an expense statement, simply
grows out of a personal weakness
and this poor behavior is borne
out by poor risk mitigation.

30. The CEO must encourage the CFO
and the GC to be strong voices at
the table on such issues. The CFO
and the GC must represent the
corporation’s interests and not the
CEOs.

31. All employees must commit to:
Formal and ethical obligations
Do things right by following the
duties
Live the values of candor, honesty,
fairness, reliability

32. During my time at GE, whenever I
was asked what I lose sleep over -
it was emerging markets.

33. The temptation to bend rules to
suit local requirement sis great
and is the first step for a series of
mishaps to follow.

34. When integrity issues surface, the
CEO must accept full responsibility
and start in play a set of actions to
set it right.

35. One of the most difficult aspects
of managing an integrity crisis is to
allow the facts to develop in a
searching, honest and
comprehensive way. There is a
human tendency to defend
something.

36. Reputation like a forest takes
years to grow but can burn down
overnight.

37. A strong foundation is built on
strong reality – the ability to tell
the truth and add to the truth, not
speak half truths.

38. A self confident CEO will present
the company to the board and the
employees in the most honest
way, he will not lead either astray.