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linking INTEGRITY

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.

Citigroup chief preaches ethics in the counting house, 17.2.05

Guardian Unlimited | The Guardian

All of Citigroup's 260,000 employees are to receive ethics training every year as part of a plan to avoid further repeats of the regulatory scandals that continue to dog the world's biggest financial firm. [...]

Chuck Prince, the Citigroup chief executive, designed the plan after a series of "town hall" meetings around the Citigroup empire.

He said that his goal was for "employees to share a collective experience of Citigroup, to understand that all of us have been given a great gift - the opportunity to work for one of the world's most dynamic and successful companies, whose leadership for two centuries has transformed the industry and whose best years are still ahead, provided we all pull together".

Plan Summary [CLB]

  • We want every employee to spend some time reflecting on our company, its history, the great legacy handed down to us and on our shared responsibilities to build on this legacy
  • A 25-minute documentary will be shown to employees in almost 100 countries who will be asked to "attest that they have seen the film and understand the shared responsibilities"
  • Business chiefs will no longer receive their bonuses just on their own unit's profits but on the entire group's performance.
  • All 3,000 senior managers will be required to keep 25% of the shares they receive in their bonus each year. They will also be sent on "annual franchise training" and spend a full day each year reviewing what they can do to live up to their "shared responsibilities".
  • Franchise training will also be given to 30,000 managers and all other employees

    [CLB: Curious to see how this will work, if the steps above are even nearly sufficient to be called an ethics plan. Seems like a RA-RA session around companies values. Good in and of itself, but not necessarily related to 'ethics'. I'll work on locating the video or a transcription.]


    • __posted by Carolyn L Burke @ 9:12 a.m.
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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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