According to a recent survey by PricewaterhouseCoopers, 56% of CEO’s reported that they are “not happy with their firm’s framework for ethical behaviour.”
One reason for such surprising dissatisfaction is that codes, values, and protocols created a decade or more ago seem too one-dimensional to engage today’s complex operating reality. Another is that the increasing turbulence in the economy and society since the financial crisis of 2007-2008 has undermined trust in institutions, thereby diminishing the credibility of conventional ethics and social responsibility commitments. A third reason, and perhaps the most important, is that ethics programs have evolved primarily as structures of compliance, focused on preventing wrong-doing rather than providing inspiration, guidance and processes for managers trying to do the right thing.
Early in the 21st century, it is increasingly clear that the most pressing strategic quandaries facing organizations are embedded in a host of social, moral and environmental considerations. Threats as well as opportunities for any business involve navigating ethical as well as financial risks. This is especially true in a time of protracted uncertainty, as businesses attend to ever more diverse and demanding stakeholders, while dealing with structural disruptions posed by climate change, geo-political volatility, and new regulations, such as Alberta’s carbon tax.
In this one hour webinar, ethicist and author John Dalla Costa will propose the elements for a new wave of ethical leadership and governance. Drawing on research from social sciences, governance history, management studies, game theory, moral philosophy, and resilience, John will lay out a three part model for helping boards and leaders develop more of the ethical bandwidth needed by today’s firms.