Why business leaders saying “sorry” so often fails to land
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
“I am deeply apologetic” Apologies is just not his thing claimed Sports Direct boss Mike Ashley about his “personal actions”. He meant a series of mistakes in handling his company’s response to the Covid-19 outbreak. Later he sent an open letter apologising to his numerous staff in various organisations: “Our emails to the government were ill-judged and poorly timed, when they clearly had much greater pressures than ours to deal with” Despite Ashley’s claim to be “deeply apologetic” he came across as unconvincing. That’s because he’s so often in the news over questionable corporate ..read more
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Protected: Guest Post by Brad Borkan
Ethical Leadership from Andrew Leigh
by Imagine Websites
4y ago
This content is password protected. To view it please enter your password below: Password ..read more
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Goals–are yours fit-for-purpose ?
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
To stay on top of their game, ethical business leaders may find it pays to take a fresh look at their goals and how to set them The mundane business process of goal-setting takes on fresh relevance when it prompts ethical business behavior. The wrong goal can do the opposite and place an entire company at risk. Wells Fargo bank learned the hard way that a not-fit-for-purpose goal can devastate an entire organisation. The once much respected bank has accepted a stunning $3 billion fine. No matter how big you are, a penalty that size for bad behavior is no laughing matter. Not on ..read more
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Activism: ethical business leaders face a gear change
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
Activism, or business leaders speaking out on ethical issues keeps happening,. Not enough of course. Yet there are signs that many business leaders are starting to do more than just urge their people to “Do the right thing”. Still, it’s rare to find a CEO embracing an ethical stance with obvious enthusiasm. That is, being visionary, promoting integrity or confronting social concerns. One exception is Julian Richer boss of Richer Sounds: “Life is tough for many people, both in work and out of it. Inequality at the moment is the worst I’ve known it in my lifetime.” Julian Richer, CEO R ..read more
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Spot the 8 lurking ethical risks
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
Tesco’s CEO received an unwelcome pre-Christmas shock. One of the Xmas cards it sold included a hidden message from a Chinese prisoner. It claimed the card came from forced labor. Yet the supermarket relies on a “comprehensive auditing system” to ensure it only hires ethical suppliers. A company spokesperson admitted: “We were shocked by these allegations and immediately halted production at the factory where these cards are produced and launched an investigation.” Like a hungry alligator lying in wait for its prey, ethical risks can lurk unseen. They may strike without warning, t ..read more
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What do ethical business leaders do best?
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
Ethical leaders tend to run more profitable companies. Why? One reason is they usually show a strong personal commitment to affecting company culture. Equally important, there’s a positive link between a company with a strong affirming culture, and individual performance. These same leaders will therefore be good at installing or reviving values that inspire colleagues. They provide their people with a strong moral compass and sense of direction. Consequently they also ensure good governance—the rules of the road. Compliance tends to pervade their company culture. As a new Unileve ..read more
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Re-wiring what it means to be an ethical business leader
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
Re-wiring: there’s an important shift happening in corporate America, and in the UK. Re-wiring what it means to be an ethical business leader suggest leaders need a brain implant. Instead, to be seen as ethical leaders need to raise their awareness about what being ethical now demands from them. Even the reliable FT now talks about a “reset” for what companies are all about. First there’s the role of compliance and what business leaders must do to stay legal and ethical. Second, there’s a global trend underway to re-think the entire purpose of what a business is for. Even the cau ..read more
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Checking the accounts: Who checks the checkers do the right thing?
Ethical Leadership from Andrew Leigh
by Andrew Leigh
4y ago
A sword of Damocles hangs over the checkers of company accounts. The once comfortable world of auditing lies in disarray. The four largest UK Auditing firms face constant and widespread distrust. There’s concern about the quality of their checking and reporting standards. Nor are the numerous smaller audit firms immune to the same criticism. The Big Four Ramping up the reputation damage to the world of Auditing, comes a tin- eared response from the head of Grant Thornton. In a meeting with MPs probing what went wrong with several major audits, David Dunkley boss of Gr ..read more
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Collaboration: What ethical business leaders need to know
Ethical Leadership from Andrew Leigh
by Andrew Leigh
5y ago
The poet and writer John Donne reminds us about collaboration: “No man is an island, entire of itself.”  In our ever more complex and connected world his observation about collaboration applies to any business leader. Effective business leadership demands the exact opposite of being an island. The need to collaborate shapes the top business role.  It may involve a willingness to work with competitors, other nations and governments. These may mean partnering with different types of organisations, locations or industries. For example, the motor industry once showed little interest in ..read more
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ESG: How this acronym became a force to be reckoned with
Ethical Leadership from Andrew Leigh
by Andrew Leigh
5y ago
Reuters the news agency recently called it: “the hottest acronym in asset management.” It was referring to the three letters “ESG” that once triggered a frown on many an executive forehead. Puzzled many asked: “what do these letters mean; why are they so important? ” ESG indeed used to be territory that most investors, let alone business leaders, could safely ignore. Until the last couple of years company concern about ESG could hardly claim much of a corporate profile As for being a focus for ethical leadership, well, forget it. Now you can hardly avoid bumping into yet ..read more
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