Creating an ethical culture in your business You cannot create a good enough ethical mousetrap – humans are vastly creative (even at fraud). The mishaps at LIBOR, VW, 2008 financial crisis, Deepwater Horizon, Wells Fargo all happened at businesses which had multiple layers of controls. So what can you do? Create an ethical culture – […]
Is ethical business, good business? When you talk about a person being good, you mean more than they follow the law. Yet some people think following the law is all that is required of business – notably Milton Friedman who won a Nobel Prize. It is clearly a nonsense idea – Friedman was a good […]
In 1999, I published extensively on spirituality in business (spirituality at work) and featured in an article in the UK Independent. The Worker Within by Kate Hilpern Yoga, t’ai chi, even poetry – soul and spirituality have arrived at the office. Last summer, you may remember, Glenn Hoddle attempted to improve England’s chances in the […]
In 1995, I was tapped on the shoulder at Coopers (now PwC) by a partner in the forensic accounting practice who was leading our investigation into a 93 million pound fraud ($140m) at NatWest bank. “Gibbons, you traded options, did you not?” “Some”, I replied. Then, suspiciously, “It says here you speak French?” Once he […]
Video: How did the worlds most important interest rate, largest car manufacturer, and largest sports organization become corrupted by billion-dollar scandals? What happened? How could the mishaps have been avoided? What are the lessons for business leaders?