Setting the ethical tone from the top: Highlights from the Global Ethics Summit
Chrystia Freeland, editor, Thomson Reuters Digital, moderated a session at the recent Global Ethics Summit in New York. The panel, Tone from the Top, a Conversation with Chief Executive Officers, featured Jack Domme, chief executive officer, Hitachi Data Systems (HDS), and Jules Kroll, chairman and chief executive officer, Kroll Bond Ratings, Inc.
The conversation began by focusing on how ethics and compliance have an impact on an organization’s bottom line. The panel highlighted that the behavior of the chief executive officer sets the tone, encouraging how members of the organization operate and behave, how they deal with and set expectations for their partners and suppliers, and what they are or are not willing to do as a business.
As more organizations continue to grow and conduct business on a global scale, the discussion led to cultural differences internationally and how that can impact business. Continuing to focus on global growth, the panel agreed that the areas where they have the most issues are where they are growing the fastest, as well as how the rules of the game vary and are different in emerging markets.
Freeland briefly discusses her take-aways from the panel.