A very invigorating discussion on ethics triggered in me a wish to begin a regular thing on ethics here. I know of late the whole realm of ethics has been grossly overrated, with enough and more scandals coming out by the minute. People have blamed B schools, capitalism, and anyone possible for everything wrong with the moral code. There was a time when we had just WorldCom and Enron to contend with and now we have the whole collapse of the financial system with the role played by rating agencies who condoned BBB bonds in AAA tranches, over zealous investment banks worried more about profits and bottom lines, people who chose to bite waaaay more than they could chew and many many more.
But when we think of the word ethics, we immediately think of huge corporations going bust, policy makers drafting bills and laws to prevent transgressions, or CEOs going to jail. But honestly ethics, in my opinion, begin at home. And what is right for me, may be grievously wrong for someone else, and vice versa. So, it is a completely personal code of conduct that one builds for oneself. And the points that go into that mental docket are built over years of gleaning values from school, work, friends, acquaintances and so on. One interesting point though is that many-a-time a CEO’s personal code defines the code of ethics in an organization. Now, that is why, several times, large firms grow talent to lead the firm, since the ethical code is ingrained in them and impressing the same code on fellow employees wouldn’t be tough. And that also could be one reason why small, growing firms prefer veteran CEOs of industry behemoths who have a very credible tag associated with them.
It has been a long time since I wrote in here, and so, the motivation to keep a regular column on ethics – the big, the small, the ugly, the wrong, the condoned – examples and viewpoints, was the idea.
So, read on…