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Integrity - use of values or principles to guide action in the situation at hand.

Below are links and discussion related to the values of freedom, hope, trust, privacy, responsibility, safety, and well-being, within business and government situations arising in the areas of security, privacy, technology, corporate governance, sustainability, and CSR.

What the 10th World Congress of Accounting Historians have to say..., 5.8.04


There are as many lessons to learn from Enron, World Com, Adelphia and Parmalat as there are from a 14th century ledger and other historical treasures housed at the National Library of the Accounting Profession at Ole Miss, delegates said.

On Wednesday, Eugene Flegm, the former auditor of General Motors Corp., bemoaned the lack of rear end-kickers in the accounting profession. Accountants should not be afraid to stand up to the pressure from CEOs looking to exaggerate profits to impress stockholders.

According to Flegm, a number of factors in modern accounting practices created the conditions for a "perfect storm," in which the scandals of the past three years were nearly inevitable. A lack of business ethics, a congressional misunderstanding of the role of the Securities and Exchange Commission, pressure from company boards of directors, and poor internal controls all contributed to a bad environment, Flegm said.

Most of all, Flegm said, public accounting became a commodity, and accounting firms became financially dependent on the companies for whom they should have been watchdogs.


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"We shall need compromises in the days ahead, to be sure. But these will be, or should be, compromises of issues, not principles. We can compromise our political positions, but not ourselves. We can resolve the clash of interests without conceding our ideals. And even the necessity for the right kind of compromise does not eliminate the need for those idealists and reformers who keep our compromises moving ahead, who prevent all political situations from meeting the description supplied by Shaw: "smirched with compromise, rotted with opportunism, mildewed by expedience, stretched out of shape with wirepulling and putrefied with permeation.
Compromise need not mean cowardice. .."

John Fitzgerald Kennedy, "Profiles in Courage"


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