Posts Tagged ‘risk management’

corporate evil

Patterns appear and reappear in corporate-misconduct cases, beginning with fantastic commitments made from on high. All of which place personnel in a position of extreme strain. Even without strain, people tend to underestimate the probability of future bad events. Put them under emotional stress, some research suggests, and this tendency gets amplified. People will favour decisions that preempt short-term social discomfort even at the cost of heightened long-term risk. This reaction isn’t excusable. But it is predictable.

via The Atlantic, January/February 2016

See More
integrity

In this podcast Richard Bistrong, CEO of Front-Line Anti-Bribery, talks about how leaders and organisations need to navigate the tension between the pressure to succeed and the pressure to comply. How we can make the values on the wall operational in the business. Why we should encourage conversations about real-world ethical dilemmas. Why middle managers have a crucial role in whether the message and culture of ethics will be amplified, distorted, discarded, or discounted on the front-lines.

via Leading Transformational Change, October 2020

See More
psychological safety

The boards that are steering their company in the right direction during the pandemic have a common thread, according to Vanessa Pigrum, chief executive at Cranlana Centre for Ethical Leadership.

A lot of this success, she says, has to do with communication and understanding.

“Each board is idiosyncratic,” she tells Investment Magazine. “But if I could generalise to some extent, the organisations that are handling this well have a strong, robust relationship between the executives and the board.”

Alongside the need for effective relationships, Pigrum cited the balance between ethics and business survivability as the major concern executives are dealing with in the pandemic.

Investment Magazine, 5 October 2020

See More
ethical principles

“A crisis can…tempt people to suspend or apply different values in response to the changed circumstances, but the innovation and nimbleness required should be based on a constant moral framework. In a crisis your values are your strength.” CEO Vanessa Pigrum talks about how to address ethical dilemmas in the workplace, particularly during times of crisis and uncertainty.

via news.com.au, 2 July 2020

See More
whistleblowing

Whistleblowing expert Sally McDow and Cranlana Centre for Ethical Leadership Lead Moderator Peter Mares talk about the potential pitfalls created by the temporary relaxation of rules which allow organisations to be nimble in their response to the crisis, the importance of a strong and effective whistleblowing process, and how to avoid hearing about your problems for the first time in the media.

via The Mandarin, 31 May 2020

See More