Corporate crime was the biggest story of the 1990s not because it was new, but because it had grown to such huge dimensions. The lives of hundreds of thousands of hard-working people got destroyed by the ethical lapse and corruption of a relative few at the top.
Don’t let it happen to you.
While there are scores of regulatory and statutory safeguards that have been put into place, the onus is on you to avoid corruption. From small scale matters to backdating options, the temptations are great all throughout the supply chain.
Put the necessary systems in place that will help everyone in your organization to understand the spirit and the law of corruption. Install a chief compliance officer with broad authority.
Think of your corporate leadership role as a public trust—even if you’re in a smaller organization or private company.
Go the extra mile in compliance and due diligence analysis such that at the end of your tenure, there will be no doubt about your ethical, moral or legal character.
(c) Adonis E. Hoffman, 2008
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