article thumbnail

Board of Directors: Steering Towards Organizational Excellence

N2Growth Blog

To foster a culture of ethical leadership, boards should: Establish Clear Ethical Guidelines: These should outline expectations around conflicts of interest, legal compliance, and responsible decision-making. This includes making decisions that reflect the organization’s values and promote transparency and accountability.

Ethics 221
article thumbnail

How To Survive When You Have Two Bosses

The Horizons Tracker

While this dual role can lead to conflicts of interest, it offers significant advantages, making it a common practice. This is the situation for chief legal officers (CLOs) at many publicly traded U.S. companies, who often also serve as corporate secretaries (CS).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Board Governance Excellence: The Pinnacle of Organizational Success

N2Growth Blog

This code should lucidly define ethical standards, such as conflicts of interest, confidentiality, and fair decision-making processes. Board members should be mandated to disclose potential conflicts and recuse themselves from discussions or decisions where bias may exist.

article thumbnail

Feelings Of Professionalism Can Result In Unethical Behavior

The Horizons Tracker

The researchers provide a two-stage model to help organizations and individuals safeguard against any possible conflicts of interest. When we have a high sense of professionalism, however, we can often be blinded to such conflicts of interest. The second part is to neutralize the influence after accepting any gifts.

article thumbnail

Got Ethics? Are You Positive?

Leading in Context

Let''s face it - thinking about fraud, embezzlement and conflict of interest won''t make us better leaders. In spite of all the bad news you see in the media about ethics, we don''t build ethical cultures by focusing on the negative. But that''s what many of us are focusing on in our organizations.

Ethics 281
article thumbnail

Study Shows That We Still Have Faith In Scientists

The Horizons Tracker

Our analysis found that the scientific community’s commitment to practices such as basing conclusions on the best available evidence and disclosing potential conflicts of interest can help give the public more confidence in trusting scientific findings,” the researchers explain.

article thumbnail

Conflict-of-Interest Rules Are Holding Back Medical Breakthroughs

Harvard Business Review

Legitimate concerns over conflict of interest that have resulted in overly extreme preventative policies are a central cause. It is time for all parties to revisit those policies and replace them with rules that recognize both true conflicts and true confluences of interest. Insight Center. Sponsored by Optum.