INSPIRING QUOTES ON ETHICAL LEADERSHIP*
• A responsible business adheres to the spirit and intent behind the law, as well as the letter of the law, which requires conduct that goes beyond minimum legal obligations.
• Good ethics is good risk management.
• Principles are needed to restore vitality to global financial markets and to guide business owners and managers.
• Respect stakeholders beyond shareholders.
• Ensure that all executive compensation and incentives further the achievement of long- term wealth creation, reward prudent risk management, and discourage excessive risk taking.
• Responsible business treats every employee with dignity and respects their interests.
In this month’s electronic edition of the FREE Leadership Guide Magazine (CLICK HERE) we continue to feature practical articles related to the leader’s role in ensuring high ethical standards in his or her organization. These articles and the hundreds of others in our Leader Library are offered as a public service to foster the development of effective, ethical leaders.
In the first article of March issue of the magazine, the leader of Satyam, an Indian outsourcing company tainted by a scandal caused by unethical accounting practices, gives an excellent image of how ethics can go horribly wrong. Ramalinga Raju says ethical lapses begin innocuously. He described “small discrepancies that grew beyond control” over the years, finally becoming like “riding a tiger, not knowing how to get off without being eaten alive.” (CLICK HERE) for part I of II, “Red Flags to Corporate Ethical Scandals.” Warning signs to impending ethical doom are detailed, along with practical insights into how the Enrons of the corporate world can occur.
In part II, “Preventing Ethical Disasters at Your Organization,” we identify specific, practical tips to stay out of the ethical hall of shame. “Ethical leadership isn’t reserved only for those at the top; rather, it is a quality held by individuals and organizations with the moral courage and diligence to talk and walk ethical values. That is what is meant by individual and institutional integrity.” (CLICK HERE)
The third article by our editor Linda Hatcher presents a number of practical tips for developing teams with honesty and integrity. It is entitled, “High Performance and Ethical Teams.” (CLICK HERE)
*From Caux Round Table: http://www.cauxroundtable.org
