۩ ╠ principles of integrity, a victim of tampering executives ╣ ۩
AlinalavCrisis showed the U.S. insurance giant AIG that the values which it is attached to any institution Att being empty promises as long as the same command evade the application. Have revealed lapses committed by the company executives the world over the weakness in the resolve of those managers who wanted to accept or even to claim rewards without the right away from the eyes of the employees of the company. It was not to be the restoration of these amounts without claims of public opinion.
At the time showed a negative aspect of this issue in one of the major American companies have also revealed the positive side was to shed light on the moral values of the company in terms of its response to the calls of American public opinion respond to these amounts. It also raised the issue AIG a question about why should American taxpayers bear management systems errors corrupt institutions plunged into a spiral crisis.
On the other hand is a crisis of AIG warning bell for all the world's business leaders have highlighted the importance of values in shaping behavior and their personal commitment to take on tasks closely linked to the objectives of companies and customers and the interests of its shareholders. We must realize that economic institutions are not just entities are engaged in a legal framework, but are living systems are affected by the surrounding environment and need to feed and restructuring in order to continue its work. To the extent that these institutions receive support and care of fruit, it will be positive, or, as the saying goes: "collected as much data."
I think that for no value of bright slogans, filed by institutions, both in news bulletins to its employees and its shareholders, or on their Web sites, without the commitment of the executive by the application of these principles to themselves first.
The most dangerous of all is the ethical gaps in some of the executives, who see a model walking on the ground before the other employees of the institution.
And the browser for a company AIG collation find on the Internet entitled "Code of Practice" that includes instructions values of the Company, which is divided into six main sections: the human element and the company's customers and the performance and integrity, respect and business. Unfortunately, this phenomenon reflects a conflict between the values of the company declared and can be implemented on the ground.
The current crisis has highlighted the company was notable for three values of the violations can not be ignored. The first value is focused on the human element in this theme requires the company to adopt a variety of skills development and the granting of allowances excellence. Did not make sense to reward those who caused the company to incur losses in excess of $ 61 billion during the fourth quarter of last year, which resulted in a sharp decline in the share price of $ 50 in mid-2008 to one dollar recently.
The second item is related to performance, which emphasizes accountability and the need to play their role in the company's personnel management risks, which did not apply to company officials. Some even criticized Obama's remarks on charging the leaders of the company is part of the fate of the now.
The principles of integrity is the third victim of the futility of executives in the "AIG." According to the concept of the company's integrity, it noted regulations, "AIG" to mean that the integrity of the work of the secretariat to strengthen the company's reputation, and much, unfortunately, is not defamation and fame in the world. Had been the work of managers in the "AIG" fair especially with the liberalization of checks and preparation of the budget was for the company to this free fall.
From here I say it has to be a pause with the breath and review the company's values and ensuring that the objectives for the development of these values correctly. Perhaps in the hope the new chief executive Edward Liddy for the use of a team has the courage to apply the principles of the company in a way that it may open a new bright page.
* Advisor developing leadership and institutions. The article from Business Week magazine.
AlinalavCrisis showed the U.S. insurance giant AIG that the values which it is attached to any institution Att being empty promises as long as the same command evade the application. Have revealed lapses committed by the company executives the world over the weakness in the resolve of those managers who wanted to accept or even to claim rewards without the right away from the eyes of the employees of the company. It was not to be the restoration of these amounts without claims of public opinion.
At the time showed a negative aspect of this issue in one of the major American companies have also revealed the positive side was to shed light on the moral values of the company in terms of its response to the calls of American public opinion respond to these amounts. It also raised the issue AIG a question about why should American taxpayers bear management systems errors corrupt institutions plunged into a spiral crisis.
On the other hand is a crisis of AIG warning bell for all the world's business leaders have highlighted the importance of values in shaping behavior and their personal commitment to take on tasks closely linked to the objectives of companies and customers and the interests of its shareholders. We must realize that economic institutions are not just entities are engaged in a legal framework, but are living systems are affected by the surrounding environment and need to feed and restructuring in order to continue its work. To the extent that these institutions receive support and care of fruit, it will be positive, or, as the saying goes: "collected as much data."
I think that for no value of bright slogans, filed by institutions, both in news bulletins to its employees and its shareholders, or on their Web sites, without the commitment of the executive by the application of these principles to themselves first.
The most dangerous of all is the ethical gaps in some of the executives, who see a model walking on the ground before the other employees of the institution.
And the browser for a company AIG collation find on the Internet entitled "Code of Practice" that includes instructions values of the Company, which is divided into six main sections: the human element and the company's customers and the performance and integrity, respect and business. Unfortunately, this phenomenon reflects a conflict between the values of the company declared and can be implemented on the ground.
The current crisis has highlighted the company was notable for three values of the violations can not be ignored. The first value is focused on the human element in this theme requires the company to adopt a variety of skills development and the granting of allowances excellence. Did not make sense to reward those who caused the company to incur losses in excess of $ 61 billion during the fourth quarter of last year, which resulted in a sharp decline in the share price of $ 50 in mid-2008 to one dollar recently.
The second item is related to performance, which emphasizes accountability and the need to play their role in the company's personnel management risks, which did not apply to company officials. Some even criticized Obama's remarks on charging the leaders of the company is part of the fate of the now.
The principles of integrity is the third victim of the futility of executives in the "AIG." According to the concept of the company's integrity, it noted regulations, "AIG" to mean that the integrity of the work of the secretariat to strengthen the company's reputation, and much, unfortunately, is not defamation and fame in the world. Had been the work of managers in the "AIG" fair especially with the liberalization of checks and preparation of the budget was for the company to this free fall.
From here I say it has to be a pause with the breath and review the company's values and ensuring that the objectives for the development of these values correctly. Perhaps in the hope the new chief executive Edward Liddy for the use of a team has the courage to apply the principles of the company in a way that it may open a new bright page.
* Advisor developing leadership and institutions. The article from Business Week magazine.
