Above the Board: How Ethical CEOs Create Honest Corporations by Patrizia Porrini

By Patrizia Porrini

Lately, a string of company scandals have despatched shockwaves through the company global, leading to the fracture of public belief in firms. Now greater than ever, company honesty and integrity are at once hooked up to luck and development. Above the Board presents options and techniques that can assist you construct an excellent beginning of moral company values into your company. within, you can find key suggestion from CEOs who've placed company ethics on the leading edge. the typical message is that company ethics shouldn't be considered as an “add-on” to a company's operations; really, it needs to be a key point in an total procedure for achievement. “Organizations throughout a number industries are confronted with the problem of fostering a moral atmosphere that is going past compliance,” the authors write. “Above all, it's the CEOs who're capable of set the moral tone and weather in their organization.” Above the Board bargains concrete practices, approaches, and customized methods utilized by such businesses as Whirlpool, Xerox, Walgreen Co., Texas tools, and P&G that can assist you Make integrity a middle worth for each worker combine ethics into the guts of your company process Create wide-scale transparency all through your organization Harness moral power and make ethics messages a ways attaining construct a approach of ethics that may stay appropriate good into the long run Above the Board presents perception, most sensible practices, and good fortune tales from CEOs who started construction upon their companies' foundational rules early on, and it sheds mild on how those tasks have benefited shareholders, buyers, and different stakeholders alike. This insightful examine the recent manner of doing company is a useful blueprint for nurturing ethics inside your organization, making a everlasting beginning of clean company values, and placing your organization in a superior lead opposed to the contest.

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Additional info for Above the Board: How Ethical CEOs Create Honest Corporations

Sample text

In the cases we analyzed, CEOs keep stories and values alive by various means. CEO Dave Bernauer keeps the test—and core values—alive by showing pride in Walgreens’ core values and its people, by telling stories that go back in time, and by quoting members of the founding family. But that is only part of what he does. He was also quick to point out the relevance of the test—and the core values today. He recognizes how the company’s core values help in dealing with unusual, unforeseen situations.

We believe that it’s not what we say but what we do that ingrains Keeping Company Values Alive through Stories 25 values in our fast-growing employee population,” he noted. ” One of Bernauer’s favorite stories is about a store operation vice president who found a three-inch thick notebook marked “Confidential” on an airplane some years ago. Inside were the operating figures, discount information, and virtually every piece of financial data for one of Walgreens’ largest competitors. The VP brought it to Bernauer’s predecessor, Dan Jorndt.

In a multinational company, it is important to provide multiple communication approaches to allow for cultural sensitivities and preferences. ,” said Goldstein. “I was there during the Watergate era, which gave me an ‘up close and personal’ look at leadership behavior that was not highly ethical, to put it mildly. The experience stayed with me, as did the deceptively simple advice given to me by a business colleague—who just happened to be my boss—a few years later. ’ ” Simplicity is key. But doing the “right thing” is not always obvious, especially when the issues one is dealing with are neither black nor white.

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