New Tools For Ensuring Compliance And Providing Ethical Leadership Shown At World Congress
Business leaders need to ensure their people have the tools to apply statements of values and ethical codes in their daily work. According to Prof. Colin Coulson-Thomas “Far too often corporate value statements and codes of ethical conduct are little more than words in an annual report or on a website. They can be referred to if someone asks about them, but at other times people may be just aware of their existence rather than actively applying them.” Speaking at the Corporate Governance Summit and World Quality Congress Coulson-Thomas suggested “There is often a gap between rhetoric and reality, a gulf between aspiration and achievement. Many well meaning boards lack the means of knowing whether or not the values and practices they champion are being applied in the heat of battle, when there is a contract to be won, time to be saved or a budget to be cut. They restate the values and keep their fingers crossed.” The author of Developing Directors advocated “an alternative to passing resolutions, making speeches and then hoping for the best. It is now possible to build best practices and the right way of doing things into corporate processes and the tools that people use to do their jobs. One can boost performance, speed up responses, reduce costs and at the same time contain risks and ensure compliance with legal and regulatory requirements, codes and corporate policies.” Coulson-Thomas believes “It is possible to be both successful and responsible, and to reconcile the need for profit with other requirements such as longer term sustainability. A new generation of tools are making it much easier for people to do stressful and difficult jobs effectively and ethically. They can quickly make an impact in areas where the pressures to cut corners may be the greatest. ” ...

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