In the recent article: Trust and Integrity: The Values of a Company’s Reputation, Michael Volkov states:
“ A commitment to culture requires time and attention. When senior executives fail to understand the importance of ethics and compliance or balk at resources needed to carry out this function, a company will suffer. There will always be naysayers in every organization, but when they dictate corporate decisions and action, there is a real danger of harm to the company.”
How long is this mindset going to continue? Haven’t we seen enough of this type of attitude in senior execs? Not only does it take time and attention, but what about the training budget? These leaders are putting the money where their mouth is, and that is in nothing, Why you may ask? These types of leaders view compliance and ethics training as an expense to be kept to a minimum, rather than an investment not only in their people but their corporate reputation.
Study after study repeatedly reveals the seemingly lackadaisical attitude many leaders have for compliance and ethics training. I’m not sure why, but it needs to be a continued cause for concern and solution.
Now is the time, now, this week to evaluate your commitment to ethics and compliance as it will get worse before it gets better if leaders don’t step up, invest money, time, and talent to help their people embrace the reality that good ethics is good business.