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| Modern high-speed electronic communication has provided us with an almost-instant awareness of worldwide events. There no question but that truth and integrity have taken a beating from avarice and corporate greed in recent years. While this behavior may not be unique in the annals of world history our ability to become more immediately aware of these unfolding events certainly is. It is sad, but true, that when government sets a bad example (no matter how perverse) it appears then to endow such behavior with legitimacy. One of the most significant down-sides of the Clinton presidency was to commit lapses in integrity and promote mendacious behavior and represent this as commonplace and "the accepted thing to do" thus creating an unenviable legacy. | ||
The role of a business is to be successful and corporate officers and directors have a fiduciary duty to serve their shareholders. Remarkably, however, when ethical companies are compared with their unethical competitors the data clearly indicates that it pays to be honest and fair in the marketplace. Ethical companies are more likely to keep their staffs, have higher revenues, greater increases in stock value and continue to exist. Placing the client's best interest first makes good business sense. It is with a sense of relief to see corporate leaders being held to this good business sense. It is also a pleasure to see others courageously working to change what has become a "status quo" by acknowledging responsibility and even taking the necessary steps to regain the public trust. |
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