This post is not about mathematics or physics but about the behavior of people in the presence of rules and limits … in Turkey. When we discussed revising our Company’s expense limits to account for the currency devaluation, soaring inflation and resulting price increases in the hospitality sector in Turkey in the last months, I […]
In a recent post on my LinkedIn timeline I read: “After 5 minutes from our birth, our families decide our names, nationalities and religions. And then, most of us will spend the rest of their life fighting blindly for things they have never chosen. Unfortunately this is the reality. If we do not go through […]
Some thoughts on organizational justice Organizational justice is the dominant factor determining how employees perceive their organization’s culture of integrity. [1] Management must meet misconduct with decisive, consistent, visible and effective action as a deterrent for recurrence, and as a clear sign that misconduct is not tolerated. But where exactly does misconduct begin and how […]
Ikigai (生き甲斐, pronounced [ikiɡai]) is a Japanese concept that means “a reason for being.” It is similar to the French phrase, raison d’être. Everyone, according to Japanese culture, has an ikigai. Finding it requires a deep and often lengthy search of self. [1] “I am doing work that has both meaning and impact and that […]
This is an overview of the posts I’ve written on Turkish culture and how it affects the efforts to establish and run an effective Ethics & Compliance program in this country. Culture, Compliance & Turkey: This first post, written in 2017, continues to receive a lot of attention. I have taken the topic up in […]
Trust and reputation are assets. Corporate leaders are realizing that it is no longer sufficient to be just compliant with rules and regulations, and with the letter of the law as it is written today; instead organizations have to aspire much higher and constantly try to meet and exceed stakeholders’ and society’s expectations. Otherwise, trust […]
Introduction The focus on effective Ethics and Compliance Programs based on values and principles has been steadily increasing in the past years. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society. Companies must benefit all of their stakeholders”, wrote BlackRock CEO […]
If you are a parent, you may be familiar with the fact that there’s a big difference between telling your kid who is climbing dangerously on a high tree: “This is very dangerous! Careful, or you will fall down and break a leg”, and saying: “Wow, you are very high up, but if you are careful and watch where you are putting your hands and feet, I trust that you are going to do great. I am here watching you and can guide you. But I know you can do it on your own.”
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