Tuesday, May 7, 2013

Great Place to Work and Most Ethical Company Tags!

Transparency International (www.transparency.org) says,

"CORRUPTION IS THE ABUSE OF ENTRUSTED POWER FOR PRIVATE GAIN. IT HURTS EVERYONE WHO DEPENDS ON THE INTEGRITY OF PEOPLE IN A POSITION OF AUTHORITY."


"Research shows that companies with anti-corruption programmes and ethical guidelines are found to suffer up to 50 per cent fewer incidents of corruption, and to be less likely to lose business opportunities than companies without such programmes."



QUESTION IS , WHAT MEASURES ORGANISATIONS TAKE  TO ENSURE THAT ETHICS, CORE VALUES LIKE  HONESTY AND INTEGRITY IS NOT DEPLETING OR ERODING?
WHOSE JOB IS THIS IN ANY ORGANISATION ? IS THIS THE JOB OF  VP-ETHICS AND  COMPLIANCE, AS WE HEAR OF THIS POSITION NOW COMING INTO DISCUSSION. IS THIS POSITION DIRECTLY REPORTING TO THE BOARD?
WHAT MAKES AN EXECUTIVE OR AN EMPLOYEE IN POSITION OF POWER CORRUPT?
IS THIS POWER OR NO FEAR OF POWER AND ABSENCE OF ANY VALUES AND ETHICS.
WHOSE JOB IS IT TO ENSURE FEAR AND RESPECT FOR LAW AND GOVERNANCE?
WHY MOST OF EXECUTIVE CORRUPTION GO UNNOTICED OR WHY ARE THEY IGNORED?
ARE PEOPLE INVOLVED IN CORRUPTION MORE POWERFUL THAN PEOPLE RESPONSIBLE FOR ENFORCING RULE OF LAW AND GOVERNANCE?
WHAT IS FAILING?
WE ALL KNOW WE HAVE DEARTH OF LEADERSHIP AT ALL LEVELS. LEADERSHIP IS A ROLE OF BEING VALIANT AND VIGILANT, BEING UPHOLDERS OF VALUES AND ETHICS, READY TO FACE FIERCE OPPOSITION FROM THE CORRUPT AND CAPACITY TO FIGHT AGAINST CORRUPTION.

Top level positions where company spends millions of dollars as salaries, the expectation is that those positions create a steel frame of hard-wired Governance, Code of Ethics, values like, fairness, equitable justice and rewards and transparency in policies, actions and belief, actions that are devoid of any bias or favoritism, affiliations of caste, creed, regional, cultural or gender.

I am not sure the way companies are rated as Great Place To Work or One of Most Ethical Companies in the World, by Great Place to Work Institute and Ethisphere Institute are fair and transparent, done with probity and acuity and not just based on self-declaration in the prescribed forms. The process has to be 360 degree and all internal, external stakeholders must be contacted and interviewed to arrive at objective assessment and evaluations based results and ranking.

Check for feedback from employees, ex-employees, vendors, ex-vendors, customers, consultants, other business partners, society to judge any company as a Great To Company To Work or World's 100 Most Ethical Company.

If companies are interested in such exercise, they will pay for participation. There should not be any participation without a fee.

Companies must take interest in the way the whole methodology is set and applied. They cannot be just filling the forms and wait for report that are sold for a price. Such tags as Great place to work and most ethical company are used mostly for marketing and branding. This should rather be used as opportunity to build culture, values and engagement levels in the company.

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