Proper corporate governance is about the standards set by those who are in a position to establish and enforce those standards. It is about leaders who know what appropriate attitudes and systems are required and how to deliver the message from positions of power.
The State of Office Connectivity in the United StatesWiredScore
If you work in an office, you're probably tech-savvier than you realize. Today's office workers rely heavily on tools like email, VoIP, big data, the cloud, and SaaS services. In the first-ever State of Office Connectivity survey, office workers overwhelmingly ranked internet connectivity as a critical factor in business productivity today, according to WiredScore, the nation’s first and only provider of a standardized rating system for office buildings with the fastest and most reliable internet connections.
In this presentation, we share the results of our research conducted during the first quarter of 2015. We asked over 440 office workers for their perspective on internet connectivity in their day-to-day work environment. If you're a company looking for office space, an office manager, an IT professional, a real estate broker or even a building owner, you can’t afford to not read The State of Office Connectivity!
Want more? Visit us at wiredscore.com or email us at info@wiredscore.com
As business leaders we constantly face difficult decisions. How do we ensure we choose the right solutions that are in line with our personal morality and ethics, as well as the expectations of those around us who rely on us?
Brunswick Intelligence - Building reputational resilience to cyber attackBrunswick Group
Cybersecurity is a business critical risk not just an IT issue. The reputational damage of a cyber breach is often less than the technical damage inflicted, the money lost, or the regulatory fines. With new threats proliferating at startling speed how companies respond to an attack can be more important than the attack itself. The good news is that companies can seize this challenge to differentiate themselves from the competition and earn a greater level of trust from stakeholders.
Learn more about the four steps companies can take to build their reputational resilience to cyber attack.
These are 4 discussions posts responses, I need one response per p.docxrandymartin91030
These are 4 discussions posts responses, I need one response per post for a total of 4 responses. Must be APA format have at least 1 verifiable legitimate sources per response in-text citations, reference list .at least 150 words per responses
This is due by November 10, 2019 Sunday at 1 pm EST. Plagiarism free.
Discussion 1
#1
Carter
A problem solving culture gets together to handle to “root cause” of an incident, crises or disaster. The outcome is to come up with viable strategies on how to solve or prevent past, present and future hazards that might affect the area in which they live. A thorough analysis of all of the hazards that might affect their area is where the team should start. Then, they should make recommendations as to what needs to be done in order to assure the safety of all people. Such a culture can be integrated in various public safety organizations. A problem solving culture can be established in several ways.
-You can make sure that you have effective leadership.
-You can be up to date in the latest technology in public administration.
-You can develop policies that reflect today all hazards and have ready-appropriate responses to them.
-You can integrate your team with other operational organizations that will ensure an all-around safety team for you area.
In today’s society, encouraging all employees of the organization to participate is the best way to develop solutions to your problems. They need to be prepared and equipped to meet the problem-solving challenges. In turn, organizations should make substantial investments in developing the problem-solving skills of the employees. There is always more than one way to solve a problem. Having numbers working on that problem gives you more of an advantage in the decision-making process.
Reference;
Luckman, J & Verble, D. (2014) How a Problem-Solving Culture Takes Root
https://www.lean.org/LeanPost/Posting.cfm?LeanPostId=158
Satyendra. (March 19, 2016) Problems Solving Culture in the Organization
https://www.ispatguru.com/problem-solving-culture-in-the-organization/
#2
Chauca
A problem solving culture is established in a public organization only when they consistently seek out and solve their employees problems. For most people, that means undertaking a profound cultural change, which must begin from the top. Openness to talking about problems is important, talking about “issues” or “opportunities” rather than “problems” sounds like a good way to avoid sounding negative or critical. Great problem solving begins with the ability to acknowledge problems and a willingness to see them without judgment. Willingness to see problems wherever they may be is key to cultivating a problem solving culture. Before you can acknowledge a problem, you have to be aware of it. Identifying problems, particularly before they grow into a crisis, is a skill that can be learned. Understanding that small problems matter means most large organizations design their processes for managing big,.
The Corporate Ethics CommitteeIn some organizations, ethics is m.docxmehek4
The Corporate Ethics Committee
In some organizations, ethics is managed by a corporate committee staffed by seniorlevel
managers from a variety of functional areas. This committee is set up to provide
ethical oversight and policy guidance for CEO and management decisions.12 It also
represents an affirmation that top management really cares about ethics.
At Lockheed Martin, the Ethics and Business Conduct Steering Committee
meets once every quarter and has done so since 1995. The committee provides the
organization with strategic direction and oversight on matters of ethics and business
conduct. Each business area and business unit has also established a steering committee
to oversee its ethics and business conduct operations. Members of the corporate
committee include the general counsel (committee chairman), executives of large
operating entities, and vice presidents from functional areas such as human resources,
finance, audit, and communications. The two-way communication between the ethics
office and these senior executives is essential. It gives the ethics office information
about what concerns senior-level management, and it gives the firm’s leadership
information about the types of issues that are coming into the ethics office from
employees. The group’s role is viewed as strategic. The steering committees at all
levels of the corporation review the ethics awareness training and business conduct
compliance training programs, metrics on investigations and requests for guidance,
trends, employee survey results, and matters referred by the business areas and business
units.
COMMUNICATING ETHICS
Within the ethics infrastructure, good communication—downward, upward, and two way—
is essential if an organization is to have a strong, aligned ethics culture. The
organization must evaluate the current state of ethics communication and initiatives.
It must communicate its values, standards, and policies in a variety of formal and
informal ways that meet its employees’ needs. These communication efforts should
be synergistic, clear, consistent, and credible. They also need to be executed in a
variety of media, because people learn things in different ways. In general, the old
advice to speechwriters still holds. ‘‘Tell ’em what you’re going to tell ’em, then tell
’em, then tell ’em what you told ’em.’’ In addition to receiving downward communication
from management, employees must also have opportunities to communicate
their ethical concerns upward. Finally, an open communication environment must be
created that says it’s okay to ask questions, and it’s okay to talk about ethics. In the
following section, we begin with some corporate communications basics—principles
that should guide all ethics communication initiatives.
CHAPTER 6 MANAGING ETHICS AND LEGAL COMPLIANCE 215
A number of the ethics officers we interviewed were sensitive to the negativity
sometimes attached to the word ethics. Employees can get defensive when they hear
this word. They ...
The State of Office Connectivity in the United StatesWiredScore
If you work in an office, you're probably tech-savvier than you realize. Today's office workers rely heavily on tools like email, VoIP, big data, the cloud, and SaaS services. In the first-ever State of Office Connectivity survey, office workers overwhelmingly ranked internet connectivity as a critical factor in business productivity today, according to WiredScore, the nation’s first and only provider of a standardized rating system for office buildings with the fastest and most reliable internet connections.
In this presentation, we share the results of our research conducted during the first quarter of 2015. We asked over 440 office workers for their perspective on internet connectivity in their day-to-day work environment. If you're a company looking for office space, an office manager, an IT professional, a real estate broker or even a building owner, you can’t afford to not read The State of Office Connectivity!
Want more? Visit us at wiredscore.com or email us at info@wiredscore.com
As business leaders we constantly face difficult decisions. How do we ensure we choose the right solutions that are in line with our personal morality and ethics, as well as the expectations of those around us who rely on us?
Brunswick Intelligence - Building reputational resilience to cyber attackBrunswick Group
Cybersecurity is a business critical risk not just an IT issue. The reputational damage of a cyber breach is often less than the technical damage inflicted, the money lost, or the regulatory fines. With new threats proliferating at startling speed how companies respond to an attack can be more important than the attack itself. The good news is that companies can seize this challenge to differentiate themselves from the competition and earn a greater level of trust from stakeholders.
Learn more about the four steps companies can take to build their reputational resilience to cyber attack.
These are 4 discussions posts responses, I need one response per p.docxrandymartin91030
These are 4 discussions posts responses, I need one response per post for a total of 4 responses. Must be APA format have at least 1 verifiable legitimate sources per response in-text citations, reference list .at least 150 words per responses
This is due by November 10, 2019 Sunday at 1 pm EST. Plagiarism free.
Discussion 1
#1
Carter
A problem solving culture gets together to handle to “root cause” of an incident, crises or disaster. The outcome is to come up with viable strategies on how to solve or prevent past, present and future hazards that might affect the area in which they live. A thorough analysis of all of the hazards that might affect their area is where the team should start. Then, they should make recommendations as to what needs to be done in order to assure the safety of all people. Such a culture can be integrated in various public safety organizations. A problem solving culture can be established in several ways.
-You can make sure that you have effective leadership.
-You can be up to date in the latest technology in public administration.
-You can develop policies that reflect today all hazards and have ready-appropriate responses to them.
-You can integrate your team with other operational organizations that will ensure an all-around safety team for you area.
In today’s society, encouraging all employees of the organization to participate is the best way to develop solutions to your problems. They need to be prepared and equipped to meet the problem-solving challenges. In turn, organizations should make substantial investments in developing the problem-solving skills of the employees. There is always more than one way to solve a problem. Having numbers working on that problem gives you more of an advantage in the decision-making process.
Reference;
Luckman, J & Verble, D. (2014) How a Problem-Solving Culture Takes Root
https://www.lean.org/LeanPost/Posting.cfm?LeanPostId=158
Satyendra. (March 19, 2016) Problems Solving Culture in the Organization
https://www.ispatguru.com/problem-solving-culture-in-the-organization/
#2
Chauca
A problem solving culture is established in a public organization only when they consistently seek out and solve their employees problems. For most people, that means undertaking a profound cultural change, which must begin from the top. Openness to talking about problems is important, talking about “issues” or “opportunities” rather than “problems” sounds like a good way to avoid sounding negative or critical. Great problem solving begins with the ability to acknowledge problems and a willingness to see them without judgment. Willingness to see problems wherever they may be is key to cultivating a problem solving culture. Before you can acknowledge a problem, you have to be aware of it. Identifying problems, particularly before they grow into a crisis, is a skill that can be learned. Understanding that small problems matter means most large organizations design their processes for managing big,.
The Corporate Ethics CommitteeIn some organizations, ethics is m.docxmehek4
The Corporate Ethics Committee
In some organizations, ethics is managed by a corporate committee staffed by seniorlevel
managers from a variety of functional areas. This committee is set up to provide
ethical oversight and policy guidance for CEO and management decisions.12 It also
represents an affirmation that top management really cares about ethics.
At Lockheed Martin, the Ethics and Business Conduct Steering Committee
meets once every quarter and has done so since 1995. The committee provides the
organization with strategic direction and oversight on matters of ethics and business
conduct. Each business area and business unit has also established a steering committee
to oversee its ethics and business conduct operations. Members of the corporate
committee include the general counsel (committee chairman), executives of large
operating entities, and vice presidents from functional areas such as human resources,
finance, audit, and communications. The two-way communication between the ethics
office and these senior executives is essential. It gives the ethics office information
about what concerns senior-level management, and it gives the firm’s leadership
information about the types of issues that are coming into the ethics office from
employees. The group’s role is viewed as strategic. The steering committees at all
levels of the corporation review the ethics awareness training and business conduct
compliance training programs, metrics on investigations and requests for guidance,
trends, employee survey results, and matters referred by the business areas and business
units.
COMMUNICATING ETHICS
Within the ethics infrastructure, good communication—downward, upward, and two way—
is essential if an organization is to have a strong, aligned ethics culture. The
organization must evaluate the current state of ethics communication and initiatives.
It must communicate its values, standards, and policies in a variety of formal and
informal ways that meet its employees’ needs. These communication efforts should
be synergistic, clear, consistent, and credible. They also need to be executed in a
variety of media, because people learn things in different ways. In general, the old
advice to speechwriters still holds. ‘‘Tell ’em what you’re going to tell ’em, then tell
’em, then tell ’em what you told ’em.’’ In addition to receiving downward communication
from management, employees must also have opportunities to communicate
their ethical concerns upward. Finally, an open communication environment must be
created that says it’s okay to ask questions, and it’s okay to talk about ethics. In the
following section, we begin with some corporate communications basics—principles
that should guide all ethics communication initiatives.
CHAPTER 6 MANAGING ETHICS AND LEGAL COMPLIANCE 215
A number of the ethics officers we interviewed were sensitive to the negativity
sometimes attached to the word ethics. Employees can get defensive when they hear
this word. They ...
The C M Legal Issue is a newsletter owned by C Mputhia
Advocates and its vision is to keep you informed. C Mputhia
Advocates' vision is to be a leader of change and growth in the
legal and business environment and this publication is one of the
tools we use to achieve this.
F A L L 2 0 1 7 I S S U E
Todd Haugh
The Trouble With
Corporate
Compliance
Programs
Companies with rigorous compliance programs hope such
programs will curtail employee wrongdoing. But to prevent
employee misconduct, companies also have to understand
how employees reach unethical decisions — and what affects
their decision-making processes.
Vol. 59, No. 1 Reprint #59110 http://mitsmr.com/2gNaJjs
SMR635
For the exclusive use of L. BING, 2020.
This document is authorized for use only by LINTING BING in BUS 109-030 taught by Paul Kirwan, University of California - Riverside from Jan 2020 to Mar 2020.
http://mitsmr.com/2gNaJjs
PLEASE NOTE THAT GRAY AREAS REFLECT ARTWORK THAT HAS BEEN INTENTIONALLY REMOVED.
THE SUBSTANTIVE CONTENT OF THE ARTICLE APPEARS AS ORIGINALLY PUBLISHED.
MULTINATIONAL CORPORATIONS spend millions of dollars per year on compliance.
In highly regulated industries such as health care and finance, large companies spend much more,
sometimes hiring hundreds or even thousands of compliance officers at a time.1 Siemens AG
reportedly spent more than $1 billion on an in-
ternal investigation related to a government
inquiry into the company’s payment of foreign
bribes.2 But the costs are not just financial. Com-
pliance programs are aimed at eliminating the
time-consuming and distracting regulatory and
legal processes that accompany ethical failures.
There is a belief on the part of corporate lead-
ers that when rigorous compliance programs are
in place, employee wrongdoing will largely dis-
appear. If something does go wrong, the hope is
that having a comprehensive program will help
convince regulators that the company’s compli-
ance and ethics initiatives were “effective” (the
standard set by U.S sentencing guidelines).3
Companies strive to make their programs as
“bulletproof ” as possible. Unfortunately, even
the most comprehensive programs won’t curtail
corporate wrongdoing or the government inter-
vention that follows. For instance, Volkswagen
AG’s compliance program didn’t stop employ-
ees from installing “defeat device” software to
cheat emissions tests, nor did Wells Fargo & Co.’s
The Trouble With
Corporate Compliance
Programs
B U S I N E S S E T H I C S
Companies with rigorous compliance programs hope such
programs will curtail employee wrongdoing. But to prevent
employee misconduct, companies also have to understand how
employees reach unethical decisions — and what affects their
decision-making processes.
BY TODD HAUGH
THE LEADING
QUESTION
How can
companies
increase the
effectiveness
of their
compliance
programs?
FINDINGS
�Most programs
don’t take into
account behavioral
compliance best
practices.
�Eliminating
rationalizations
is key to strengthen-
ing individual and
organizational
behavior.
FALL 2017 MIT SLOAN MANAGEMENT REVIEW 55
For the exclusive use of L. BING, 2020.
This document is authorized for use only by LINTIN.
F A L L 2 0 1 7 I S S U ETodd HaughThe Trouble With.docxlmelaine
F A L L 2 0 1 7 I S S U E
Todd Haugh
The Trouble With
Corporate
Compliance
Programs
Companies with rigorous compliance programs hope such
programs will curtail employee wrongdoing. But to prevent
employee misconduct, companies also have to understand
how employees reach unethical decisions — and what affects
their decision-making processes.
Vol. 59, No. 1 Reprint #59110 http://mitsmr.com/2gNaJjs
SMR635
For the exclusive use of L. BING, 2020.
This document is authorized for use only by LINTING BING in BUS 109-030 taught by Paul Kirwan, University of California - Riverside from Jan 2020 to Mar 2020.
http://mitsmr.com/2gNaJjs
PLEASE NOTE THAT GRAY AREAS REFLECT ARTWORK THAT HAS BEEN INTENTIONALLY REMOVED.
THE SUBSTANTIVE CONTENT OF THE ARTICLE APPEARS AS ORIGINALLY PUBLISHED.
MULTINATIONAL CORPORATIONS spend millions of dollars per year on compliance.
In highly regulated industries such as health care and finance, large companies spend much more,
sometimes hiring hundreds or even thousands of compliance officers at a time.1 Siemens AG
reportedly spent more than $1 billion on an in-
ternal investigation related to a government
inquiry into the company’s payment of foreign
bribes.2 But the costs are not just financial. Com-
pliance programs are aimed at eliminating the
time-consuming and distracting regulatory and
legal processes that accompany ethical failures.
There is a belief on the part of corporate lead-
ers that when rigorous compliance programs are
in place, employee wrongdoing will largely dis-
appear. If something does go wrong, the hope is
that having a comprehensive program will help
convince regulators that the company’s compli-
ance and ethics initiatives were “effective” (the
standard set by U.S sentencing guidelines).3
Companies strive to make their programs as
“bulletproof ” as possible. Unfortunately, even
the most comprehensive programs won’t curtail
corporate wrongdoing or the government inter-
vention that follows. For instance, Volkswagen
AG’s compliance program didn’t stop employ-
ees from installing “defeat device” software to
cheat emissions tests, nor did Wells Fargo & Co.’s
The Trouble With
Corporate Compliance
Programs
B U S I N E S S E T H I C S
Companies with rigorous compliance programs hope such
programs will curtail employee wrongdoing. But to prevent
employee misconduct, companies also have to understand how
employees reach unethical decisions — and what affects their
decision-making processes.
BY TODD HAUGH
THE LEADING
QUESTION
How can
companies
increase the
effectiveness
of their
compliance
programs?
FINDINGS
�Most programs
don’t take into
account behavioral
compliance best
practices.
�Eliminating
rationalizations
is key to strengthen-
ing individual and
organizational
behavior.
FALL 2017 MIT SLOAN MANAGEMENT REVIEW 55
For the exclusive use of L. BING, 2020.
This document is authorized for use only by LINTIN ...
What do accountability, responsibility, and risk have to do with e.docxalanfhall8953
What do accountability, responsibility, and risk have to do with ethics in business? Everything. In today's transparent society, there is no place for dishonesty, arrogance, or greed in the executive ranks of a corporation or its board. Increased media exposure and the speed of information exchange will ensure that the work of directors is scrutinized far greater than ever before.
Due to greater media and public scrutiny, and the accountability and legal liability inherent in executive roles, many qualified individuals are reluctant to take on the responsibility of being a director.
In a speech given by United States Treasury Secretary Paul H. O'Neill to the University of Chicago Graduate School of Business, Mr. O'Neill addressed the future leaders and future business leaders about the challenges they face (O’Neill, 2002).
In Mr. O'Neill's opinion as to why corporate leaders have fallen, he had this to say, "…I think they strayed from their values in the anything-goes 90s, and by the time they realized how far they had strayed—after all, in their minds, everyone else was doing it, or would if they could—it was too late. Like frogs in boiling water, they didn't feel the heat until they were cooked. There was nothing special about these people, except their hubris. They abandoned any pretense of moral direction to follow each dollar down its path, and figured they'd return to the main road before anyone noticed they were gone. But after the bubble popped, there was nowhere to hide" (O’Neill, 2002). Mr. O'Neill pointed out that while continuing with the accomplishments in the 90s-growth, productivity, and innovation-we need to actively work to make a new era of personal responsibility and public integrity.
In his conclusion, Mr. O'Neill stated, "In my view, the answer is simple: honest, accountable leadership. With leadership, everything is possible; without it, nothing is possible… Leaders must stand up and set an example not just for their employees, but for the general public as well. Honesty in business is the new patriotism. There is nothing better business leaders can do for this country right now than restore faith in the system that has made it great" (O’Neill, 2002).
What do scenarios like corporate financial collapse, environmental disasters, layoffs, and consumer law suits all have in common? These actions may not have to happen at all if corporations managed risk to their stakeholders and stockholders. Risk management is more important today than ever before. What's the answer? Effective corporate governance standards.
According to Brian Brown, president of the Winnipeg Chapter of the Institute of Internal Auditors and director of corporate audit services at Winnipeg-based Agricore United, there are four pillars that will prevent corporate problems. The four pillars are: the board of directors, management, internal auditors, and external auditors." Brown continues, "…to be effective, each of these four must operate independently. Whe.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Exploring Patterns of Connection with Social Dreaming
Peter Giblin - Tone at the Top
1. ‘Tone at the top’ and corporate governance
Peter Giblin
Cass Business School
1. Introduction
Proper corporate governance is about the standards set by those who are in a position to establish
and enforce those standards. It is about leaders who know what appropriate attitudes and systems
are required and how to deliver the message from positions of power.
Much is written and spoken about crisis management and risk management, but too little attention is
paid to risk awareness and risk readiness. This whole area is a continuum, a reflection of problematic
evolution, so let us start at the beginning. Everyone faces risks every day; everyone makes a decision
explicitly/implicitly to accept risks, addressing and accepting cost/benefit or risk/reward. Driving a car
to work is a risk - the car might break down, run out of petrol or an accident could incur. There is no
realistic travel alternative, so the risk is accepted by millions, because it is minimal, and more than
counterbalanced by financial gain, job satisfaction or prestige. The same can be said for thousands of
other decisions made by billions every day, affecting health, safety and a myriad of other concerns.
In this chapter we will focus on this phenomenon as it affects senior level decision-makers in a wide
range of institutions, private and public, and consider how these leaders address the simple challenge
outlined above in much more complex circumstances. The issue at its core can be reduced to the
question: what is the probability of something happening and, if it does, what is the impact? The goal
is to calculate exactly what it costs to be ‘ahead’ at all times.
On a personal level, taking out a 20-year life insurance policy seems to have been a significant waste
of money after 21 years, but death in year two seems to be an excellent financial return for the estate.
The policies are sold, because the insured/beneficiaries believe the comfort level benefits outweigh
the cost.
In a corporate environment the issues are more complex, nuanced and ambiguous, and may involve
huge numbers from a financial perspective, and a potentially catastrophic impact on reputations -
individual and entity - if things go wrong.
Every day the media has coverage of someone, or group of people, who got it ‘wrong’ by failing to get
the risk/reward ratio properly balanced - accidentally or deliberately - and may or will pay the price,
corporately or personally or both.
What happened to Enron, WorldCom, Arthur Andersen, Siemens, aspects of the British banking
sector and certain members of their respective senior management? What will happen to Wal-Mart,
and how long will the Libor scandal continue?
In all cases, risks were taken, and for certain individuals the rewards were high, at least temporarily,
but the probability of something going wrong was underestimated, and the impact in every case was
very large.
This chapter is about the positive aspects of corporate governance, assessment of values and
attitudes, and behaviour that drives people and institutions towards an atmosphere that recognises
the omnipresence of risks, boundaries that will not be crossed, and focuses on those who lead in this
constantly evolving world of complexity.
We will look at corporate cultures - where do they come from, what drives them; is there a difference
between old and new, public and private? Are ‘old values’ less relevant as the speed and access to
information changes? Who decides? Who holds the keys to the kingdom?
Even if there is a ‘message’ from the top, how does it get disseminated? How do we know that all our
people will do the right thing?
As this focus turns to specific individuals, how do we determine that this person is the right one at the
right time? Many institutions get it wrong because they underestimate the risks of making ill-informed
decisions, and they underestimate the potential damage that an ill-informed decision may cause.
2. This is about having a culture, a view, values, foresight, as well as hindsight, and a base line that puts
shareholders, as well as other stakeholders, in the forefront.
Assuming that we can get to this stage with a sense of comfort, how does a senior leader function in
the boardroom with conflicting objectives (and perhaps conflicting personal values)? For example,
what if the chairman and the chief executive officer (CEO) do not like each other, do not trust each
other, do not share information and have different personal objectives. How does this impact on the
drive for proper corporate governance?
2. Tone at the top
When people speak of ‘tone at the top’ they are normally referring to a perception of appearance or
behaviour that delivers a message of some sort, directly or indirectly. It is sometimes thought of as an
impression that others have, such as “she makes a good first impression”. We are concerned with the
depth that actually supports that impression, and the impact it makes on the supporting cast, and the
stakeholder community.
It is quite clear that ‘tone’ reflects a ‘talk the talk’ and ‘walk the walk’ approach, and that any
disconnect is evident to those affected. The relevance is particularly important when distinguishing
between corporate governance and compliance. The latter may form a piece of the former in certain
circumstances, particularly in highly legalistic environments, but proper corporate governance, or the
lack thereof, is much more pervasive. It exists in any circumstance where an individual or small group
has an impact on a larger body.
If the CEO of a large multinational organisation, public, private or not-for-profit, makes a statement or
initiates a practice, he or she will or will not be taken seriously depending on the attendant behaviour.
For example, suppose a message from the top is issued that, “The Anti-Bribery Act has just been
passed, and what follows is what you can and cannot do, and we always act responsibly to our staff,
customers, etc, and obey the law”, and a copy or version of this message is sent to all staff, and that
is it! This feels like compliance - “I told everyone, that’s what I was required to do, my job is done”.
There is no sense of serious concern or commitment, and others will know that, and, perhaps, act
accordingly. On the other hand, if the message is more comprehensive and includes a series of steps
that will be implemented over an extended period of time, the impact will be much more significant.
Such a message might announce an information dissemination, training and tracking programme, and
the establishment of a whistle-blowing hotline, as well as clear guidelines for reporting and protection.
The purpose of this programme is to ensure that anyone potentially affected by such legislation knows
what it is about, how it impacts them, and the penalties to personal and employer reputation, as well
as possible job loss, fines and jail. Imagine the power a message has internally and externally if it is:
We take this very seriously, and we are instituting a series of explanatory sessions with all
relevant staff, and have arranged for an online training programme, linked with a short quiz to
ensure that we are all comfortable knowing what to do when. We will be able to track when
you received the case studies pack, and quiz, when you opened it, when you took the quiz, how
long it took, and what your answers were. We will periodically update the entire process, and
encourage you to ask questions of your manager on any points at any time to ensure full
understanding and compliance [that word again!].
Suppose you are a regulator with full powers to investigate and penalise, and you have suspicions
and information indicating that an entity has breached the provisions of the Bribery Act 2010 in a very
serious manner. You are presented with the two written messages, as outlined above. Both may claim
to be doing what is required, but how will the regulator react? Will he or she see or feel the difference
in the ‘tone at the top’? Probably. Assuming that an infringement did take place, it is entirely possible
that the penalty in the first case will be imposed in full, and lead to a search for further breaches. In
the second case, the reaction could well be, “they have taken this seriously, done what they could
reasonably be expected to, and put procedures in place to deliver and track the message”. Result?
Perhaps a lesser penalty, and an earlier closure to the investigation.
The author recently engaged with the CEO and director of human resources of a 200-year-old Swiss
company to consider initiating a programme along the lines of the second alternative above. The
company, although not a household name, is the world leader in the manufacture of certain types of
components, and has 40,000 employees in many countries. For the first 90 minutes of the two-hour
3. meeting, the CEO spoke of the history of the company, the brand, the reputation, the absolute
necessity of delivering clear behavioural messages to all staff and his strong concern not to breach
any transnational laws and guidelines. Only then did he actually ask for details of our firm’s services.
The Tone at the Top was very clear.
It was also clear that he believed what he said, and that he expected others to believe and act
accordingly. He would do his very best to deliver his values and message to all of his staff and use the
latest methods to ensure this was effected.
This leads to a result which may be underused by even the most effective leaders - the effective use
of the internal audit function.
Historically, the internal audit function has been used to ensure the cohesion, honesty and financial
integrity of an entity, by collecting a ‘picture’ of what is happening throughout the organisation on a
selective ‘snapshot’ basis. At its most basic, it periodically visits all departments/divisions of the entity,
probes to check for veracity of the facts, as well as compliance with standards systems and
procedures, and makes suggestions for improvements based on, for example, what other parts of the
organisation may be doing or contemplating. It will then issue a management letter to the auditee in
draft form, highlighting findings, and asking for a response and a plan of action; but it does not make
management decisions. Once completed, the report goes to the CEO and the chairperson of the
board audit committee for review, comments and action if required. (An entity’s audit charter must
provide for independence of thought as well as of action, and as such it exists in an ambiguous
environment. The head of the audit department must report functionally to the chair of the board audit
committee, as well as administratively to someone within the organisation - the CEO or a delegate
therefrom.)
Regretfully, while it is clear that the audit function has a unique brief to visit any part of the entity at
any time, and a broad knowledge of the daily functioning of the entity, it is generally underused as a
communicator of risk challenges and concerns. This is not to suggest that such function should have
line management authority for making risk-related decisions, but rather as it perpetually moves around
performing its audit function, it should keep its risk register up to date, and make suggestions that may
be of value to the auditee, and perhaps to the entity as a whole.
The effective master of the Tone at the Top understands the value of the audit function, and supports
its independence implicitly and explicitly, and uses its structure, brief and power to help address the
key challenge of risk awareness and risk readiness, so as to minimise the need for risk management
and crisis management.
3. Why will all of our people do the right thing?
So who are these people, and who pays attention to them?
They are effective leaders who set the right tone at the top. They are credible, respected and appear
to do what say they will do. That leads us to an examination of what these people are. They are
resourceful, astute, compatible and knowledgeable.
Resourcefulness indicates action-oriented drive, with a will to accomplish and eagerness to be
involved, with an ability to innovate, to seek new and better ways, to champion original ideas. It
reflects intellectual curiosity, a willingness to improve, and a propensity for mobility and challenges,
and a fear of the ‘comfort zone’. It also reflects speed of thought, although not always speed of
response, stamina, willpower, and tenacity, and an ability to act, while rejecting gratuitous
perfectionism.
Astuteness indicates an innate knowledge of when and how to act, a sense of timing and limits, good
judgement, as well as a commercial, technical or financial understanding. This often shows as a
‘feeling’, and ability to be ‘to the point’, to channel time and energy on key issues; in essence a focus
on quality not quantity. It also indicates a long-term vision, and ability to keep sight of goals, a clear
view of future objectives. This is balanced by flexibility in execution, and a balance between acting
directly and delegating responsibilities. An ability to adapt to circumstances is prevalent, a practical
and political common sense, with an innate recognition of the need to plan for contingencies. It also
demonstrates an ease with ambiguity, an instinct for addressing real problems, and understanding
covert messages and paradoxical information.
4. Compatibility indicates skills in dealing with others, and the ability to use people effectively; empathy,
and open-mindedness - hearing what is said and, most importantly, what is not said. It means
effectiveness as a communicator, convincing, adept salesmanship, coupled with a sense of when to
accept disagreement and rejection. This is often demonstrated as diplomatic skills, tact and a respect
for others - an ability to see others’ possibilities and to develop their potential, and a sense of team
spirit and how to develop the interpersonal skills of others. This is closely related to negotiating skills,
as well as psychological and emotional intelligence. In essence, an ability to inspire others, to
motivate and to communicate a ‘can do’ attitude.
Knowledge is intellectual prowess, demonstrated reliability, a presence of know-how, a projection of
being ‘on top of’ any specific problem of relevance. This is often accompanied by excellent analytical
skills, the ability to dissect a problem to detect relationships and consequences. It also reflects an
ability to be abstract, to be comfortable tackling complex problems with a clear mind, which
demonstrates logical thinking and the skill to rehearse the sequence of future events. This is about the
ability to integrate all facets of a problem, to sort out relevant details, to summarise and synthesise,
and requires an excellent memory, as well as accumulated experience or competence. Organisational
skills are essential; being effective, practical and capable of finding concrete solutions. In summary,
always having or finding the time, at ease under pressure, and in complete self-control.
An individual who is seen by others as being particularly resourceful, generally astute in his or her
decision-making, compatible with most of those with whom she comes into contact and
knowledgeable in the area of focus is likely to be regarded as a leader. If such an individual expects to
be considered a true leader, he or she will have been resourceful in defining his or her objectives,
while separating the means from the end, astute in recognising various priorities, will have made an
effort to be compatible with the target group, and will know what is required.
The leader with the right tone at the top, and with the most effective combination of attributes outlined
above, now has an obligation to ensure that the people in their organisation know what is expected of
them, understand what this means to them personally, and to the organisation as a whole, and
believe in the message and course of action, and will be capable of doing what is expected of them.
4. So who is this person?
We now have a sense of what a proper tone at the top is, who can set this tone and what leadership
looks like. That is fine up to a point, but now we have to find out who that person is, and how to assist
him or her in being effective to a maximum extent. Whether the individual is new to the position,
internally or externally, or is involved in a periodic performance review, it is essential to focus on what
is expected from the ‘decision-makers’. For sake of this discussion, let us assume that the board of
directors of a corporate entity has decided to change the international strategy of the organisation,
and need to be confident that the chief executive, who has been in place for a relatively short time, not
only ‘knows’ what is expected of her, but also genuinely ‘understands’, and ‘believes’, and has the
‘capability’ to do what is necessary.
The exercise should include not only the formulation of a clear goal, together with rationale, strategy
and tactics, but also a realistic, cogent job description for the incumbent, and a professional approach
to review and assessment, particularly given the change of direction. The proper management of this
process is extremely important so that the perceived need is clear, and the appropriateness and
interest of the incumbent is assessed, That can be addressed by a series of interviews, which may be
sufficient, but the inclusion of a properly presented, explained and executed psychometric
questionnaire may be very valuable, particularly one that focuses on real needs and interests.
Psychometric testing continues to evolve, in part influenced by the proliferation of the internet and
online assessment tools. Some are very good, some are out of date and some are irrelevant. The
very best can be a major contributor to assessing and minimising risk when selecting or assessing
senior executives; and the standard bearer for this purpose will focus on personal preferences rather
than abilities. This is because those who work in areas and on matters that are of interest tend to
spend more time on them and become more knowledgeable; the task becomes the vocation.
By definition, one cannot be interested in everything, and most effective in all areas. So let us
examine the possibilities, and draw some conclusions. First, how does a key person deal with
challenges, problems? Can she properly evaluate them, using credible methods and tools of
analysis? Can she then investigate emergent issues with purpose and intent to ensure that available
5. resources are brought to bear on what matters. Can she then foster an environment which
encourages open debate, and possible innovation in dealing with these problems - that is, find the
solutions and implement them?
Second, how effective is she influencing people? Can she build effective relationships with the
necessary team or followers, or other stakeholders? Generally, it is not too difficult to work with
someone who shares the same ideas, philosophy and objectives; it is not so easy to work with
someone who does not. How does she work with the latter? How does leadership emerge in these
circumstances, and how does one accept that it exists? Pearson CEO Marjorie Scardino, the late
Steve Jobs of Apple or Virgin’s founder, Richard Branson, clearly are people of influence but their
vision, styles and focus have been different. Third, how effective is the leader when faced with serious
roadblocks? Can she adapt her approach to new circumstances? Is there resilience when faced with
technical, regulatory or competitive issues? Who takes the next step? Having demonstrated
resilience, does she have the ability to change direction, without losing the followers, who expect
decisiveness from their leader? How about giving support to those in need? This requires an ability to
explain and motivate at the same time as saying: ‘We value your efforts and commitment, but we are
obliged to go in a different direction for the following reasons …’
Fourth, it is all about delivering results. Does she know enough about the essence, the details of the
challenge, to be confident of making the right decision and bringing the stakeholders behind her? Has
she ensured that the tasks required to reach the agreed goals are clear, and that the attendant
authority and resources are available?
The Wave questionnaire, created and developed by Saville Consulting,1
is the leading provider of
answers to these crucial questions. It is able to link ipsative and normative evaluations within a single
instrument in a unique manner and accordingly its conclusions are valid and highly credible.
Certain other observations emerge from an examination of the results from this questionnaire across
a wide variety of organisations. Those who succeed or excel at the top clearly demonstrate leadership
for the entity in question, show resilience and can adjust to change. They are also effective in
communicating information, building relations and encouraging innovation (not necessarily new
products, but new ways to approach issues), and are driven by achieving ‘success’, however that may
be defined. Nevertheless, perhaps surprisingly, such people tend not to evaluate difficult situations or
investigate issues personally - how often have we hear the expression ‘don’t bring me problems, bring
me solutions’? They are less likely to be involved in processing details or structuring specific tasks.
A clear explanation of the purpose for taking the questionnaire, coupled with proper administration
and professionally provided feedback, should reduce the risk of hiring or promoting inappropriate
individuals into positions to which they aspire but which require skills, interests or attitudes which they
do not have. No person is omni-skilled or omni-interested in everything. It is not possible to spend all
day thinking of the next product, and reading documents, and speaking to key colleagues, and visiting
essential customers, and meeting with regulators to discuss or influence impending legislation. What
we are seeking to do to is clarify what the position requires, to determine who is this person in front of
us, and thus minimise the risk of permitting or encouraging enterprise damage.
5. Into the boardroom
The chapter began with some comments on risk, highlighting the crucial need to be aware of
enterprise risk in all stages of life, and at all levels; to maximise risk awareness and risk readiness, so
there should be less reliance on risk management and crisis management. We are well aware that
organisations are run by people, and that the more effective leaders must be identified - internally or
externally - attracted or retained, and certainly developed, properly managed and promoted, in the
broadest sense of the word. We have considered the need to have a proper corporate culture with a
clear and well-understood ‘Tone at the Top’, which should have the effect of a strong magnet -
attracting and holding the best talent. We have considered what attributes successful leaders should
possess and demonstrate, and outlined a way to determine what is necessary about specific
individuals.
Now we are going to incorporate this into an individual who has recently joined the board of a large
enterprise. For the purposes of the argument, we will not categorise the individual as chairman, CEO,
1
http://www.savilleconsulting.com/products/wave.aspx.
6. an internal director or non-executive director, but rather call them an ‘integrated individual’. We will not
address the issue of whether this person is an internal promotion or external hire, because we want to
place the person, as the ‘right’ type (for whatever position) based on what we are hoping for, in an
environment with personal and professional conflict to observe, think, reflect and possibly act.
Bearing in mind that the chairman runs the board and CEO runs the company, we are looking at the
interaction of these two individuals: is there clarity regarding their roles, are there expressions of
honesty, mutual trust and self-confidence? This translates into open, effective communication, which
should minimise risk by encouraging discussion of emerging problems - being risk aware and risk
ready, rather than reactive and in crisis mode (think BP and the Deepwater Horizon disaster - billions
of dollars paid or set aside for fines and payments). Does vigorous debate exist; is there respect for
the abilities of others? Are the other members of the board fully informed of the current issues, briefed
for discussion, and certainly briefed on the implications arising from a major change of corporate
direction? (Imagine our ‘integrated individual’ being told that the FT 100 company is moving out of
telecoms equipment manufacturing and into software development, or moving from oil exploration to
commodity trading without any prior information, and told ‘you are new - you don’t really need to
concern yourself with this’ - it has happened!) Proper preparation and distribution of management
information encourages the best people to join, stay, participate professionally and absorb the ethos
of good governance. This reduces the risk attendant with a weak atmosphere which reflects weak
values, or ‘values’ which are not conceived with the best interests of all stakeholders in mind. Think
Enron - a disappearing entity, fines and jail-time for some at the top. Where was the trust, the serious
debate? Was it fear and greed that governed?
Implicit in our discussion is that Tone at the Top, and a very professional approach to recruitment and
promotion, should enhance the objective of some transitions. Think GE under Jack Welch, one of the
great ‘preparers’. Possible successors were subject to vigorous operational, staff, and geographical
challenges for years before a successor was appointed. This did not mean a ‘cookie cutter’
procedure, nor did it envision the production of a ‘plain vanilla’ cast of characters, but rather a very
explicit goal of risk awareness and risk readiness, including preparation for the unthinkable. Those
who were not successful moved on, did very well elsewhere and brought with them the rigorous
attitudes to proper corporate governance, having participated in a very demanding succession
planning exercise - not the knee-jerk reaction seen in media converge when a lack of risk awareness
has led to a state of crisis management, attendant departures and the elevation of compromise and
surprise.
Where do we see this?
A strong-minded chairman with a weaker chief executive can lead to an assumption that the chairman
will make all the important decisions, and that the CEO is just a rubber stamp, and thus is less
important; when or if the chairman leaves, the team left behind could be weak, with low credibility
down and an increased risk of damage to the entity.
A strong CEO and a weak chairman could mean that the board simply does not function adequately; it
becomes the fiefdom of the CEO and his inner team, and possible problems will be buried because
there is not practical mechanism for visibility. If something goes wrong, it may be a surprise because
dissenting views may not be visible, or, if they are, disfunctionality joins the party.
Of course, a weak chairman combined with a weak CEO is likely to be disastrous. Risk, apparent or
otherwise, will be rampant. The potential star will not show up, or will disappear and the risk of
endemic weak management will be high. This is often manifested in an ‘it will be all right on the night’
attitude, an unknown, unexpected accident waiting to happen.
The other possibility is a strong chairman and a strong CEO who are able, confident, and
knowledgeable, and communicate with trust ‘ahead of the curve’. One would like to think that such a
team would reflect the best values, by implicitly, and hopefully explicitly, setting the proper tone at the
top, and disseminating proper corporate believes and values. By following the path outlined above, it
should be possible to create an environment of pride and respect together with professionalism and
effectiveness, which does become the magnet for the best people available.
Reflecting on what we have addressed in this chapter, let us hope for the best result as we consider a
final scenario which may occur more often than we would like.
7. 6. Mr Pandora and his briefcase
Mr Pandora parked his modest car at the far end of the spaces allotted for the State Licensing
Authority. He had worked for many years for a large multinational energy company in various
somewhat menial positions, and had agreed the day before to drop off the comprehensive, bulky
drilling application for permission to extend the company’s search for additional gas reserves on its
leased property. Tucked inside this jacket pocket was a bank draft made out to the SLA for £500,000
to cover the filing fees, research, investigation and review, and hopefully approval, of the application.
As he approached the door to the SLA offices, he remembered that his driver’s licence had just
expired, and decided to try to get that renewed at the same time.
After waiting a few minutes, he was shown into a small conference room where he was soon joined by
Mr Smiley, a representative of the SLA, who closed the door, seated himself and noted that he was
briefed on the reason for Mr Pandora’s visit. The latter placed the application file on the table, together
with the bank draft, confirmed that everything should be in order and that he had been told by his
manager that, assuming all was well, approval to proceed would be forthcoming very soon.
Mr Smiley pulled the file and bank draft towards himself and said in a pleasant manner that while
processing normally took two to three months, they were very busy at the SLA and somewhat under-
staffed, and so the company might have to wait for eight to ten months for a response, unless an
additional payment of £250,000 was made to Mr Smiley - in cash. Mr Pandora had never been faced
with a situation like this before, and was completely at a loss as to how he should respond.
Stalling for time, he mentioned that, by the way, his driver’s licence had expired, and could the SLA
issue him with a renewal? Mr Smiley responded that this was certainly the case; the fee was £25 and
it would normally take six weeks to process. However, if Mr Pandora provided an addition £20 to Mr
Smiley with his renewal application, in cash, the licence would be issued while he waited.
Mr Pandora asked for some to consider what had transpired, and said he would return after some
reflection.
Mr Smiley reminded him that the SLA would be closing early that day in preparation for the long
weekend holiday, so Mr Pandora should not delay for long. He also told him not to use his car without
his new driver’s licence as there would be increased police presence in the next few days due to the
expected arrival of an increased number of visitors from out of state.
Mr Pandora picked up the drilling application and banker’s draft, put them in his briefcase, politely
excused himself and left the office. He returned to his car, rolled down the window and began to think
about what had just happened, his career and how to get home.
He remembered, vaguely, something about corporate governance. There had been some
presentations on the subject, he had taken a sort of online course and a test which he guessed
everyone eventually passed, and occasionally an email would show up. It was all about how to react
to situations like those he was facing - or perhaps there was more to it. Seems to have been the result
of widespread panic in the energy world, and elsewhere following the collapse of a big company -
couldn’t remember the name - lots of people lost their jobs, and some went to jail.
In his company, there was talk of ‘tone at the top’, leadership talking about everyone behaving
properly and being a representative of the company, together with a message that doing what the
CEO and the board said was the answer. But he wondered - after a while messages seemed to arrive
less frequently and stories still floated around about extravagant entertainment and doing business in
other countries ‘in a different way’. Did anyone really care? Was he in a lose-lose situation?
He could pay ‘extra’ to get his driver’s licence renewed, but was it right to do so? Was it any different
from the ‘other’ payment? Was one a ‘facility payment’ and the other a ‘bribe’?
Who should he speak to for advice? His boss? Not sure about that; he would say sort your driver’s
licence out yourself, that is a private matter - “you could always take a bus” - although that was not
really true. Was his job was on the line if the drilling license just didn’t come in on schedule and
various costs went up? What if his bonus was cut because targets were not reached? Maybe there is
extra money around to deal with things like this - call it consulting fees; maybe there was a way.
He could always speak to the company’s whistle-blower, although he did not know much about this.
Would his identity be protected? Would he be in trouble with the government if he did not say anything
8. to anyone, and they later found out? Maybe he was already in trouble because he did not say no to
Mr Smiley!
Maybe someone in the family, a friend … Would just mentioning the situation get them into possible
trouble?
What should he feel? What should he think? Who cares?
What happens next?