As directors evaluate their executive programs, it is imperative they ask the question, "Is the total compensation package morally or ethically correct?"
A distinct charter for the companies who think systematically about the social and environmental impacts of their decisions sends the wrong message. We need all businesses to operate that way. Nothing less will do.
As 2010 came to a close, Edelman public relations released the results of a survey on the public attitudes toward American business. The results were pretty ugly.
Waiver clauses leave the door open for companies to violate their own code of ethics if executives and the board decide it's a "good" idea. Why have them? Ethics can sometimes impinge on profits.
I'm not alone. Middle age has become hijacked by industries capitalizing on and creating our deepest fears -- selling us fast fixes of pills, procedures, Botox and gear.
Integrity can't be "written in" to organizational behavior, especially for companies who have unprincipled people working there to begin with. But still, we are mired in regulations.
What strikes me about the Mahabharata is the emphasis on character development and integrity before skills are bestowed. Were this rule applied in business schools today, the BP rig leak may never have happened.