A BRIDGE OVER TROUBLED WATERS

As the story about the ‘trumped up’ traffic jam engineered by aides of Governor Christie of New Jersey, one of the networks cleverly played the old song ‘Bridge Over Troubled Waters’.

If you have been following this case, you already know that Governor Christie denied any personal involvement during a long press conference.  Whether you are for or against him as a  possible contender for the 2016 Republican nomination for President, there is one unescapable truth.  As a Controller, you probably recognize that the issue being raised is ‘tone at the top’ but really, what is that about?

While we often define it as having ethically and morally high standards set by the leadership of a company, it really is much more than that.  If we tell our children, as new drivers, that speeding is dangerous and illegal, and then we speed while they sit in the passenger seat, we have the proverbial ‘do as I say, not as I do’.  So here are my top ten requirements for making sure that ‘tone at the top’ is not just something we give lip service to:

  1. The company treats all customers honestly and provides legitimate products and services.
  2. The company insures that all employees are treated honestly and ethically and are not deprived of their rights or benefits.
  3. The company treats its vendors as stakeholders, pays their obligations responsibly and timely and does not use its’size in unfair ways.
  4. The company acts in the best long term interests of its stakeholders (customers, employees, vendors, lenders, stockholders).
  5. The company does not knowingly imperil the safety of others (for example: using drivers who are not legally authorized to drive).
  6. The company does not knowingly violate the laws of its county, state or country.
  7. The company’s leadership insures that all financial statements released publicly are materially correct and accurate
  8. The company hires qualified, sufficiently trained personnel to fill its management positions.
  9. The company makes compliance issues a high priority.
  10. The company does no harm.

I am sure that there are other areas I have not listed but I believe my list is fairly comprehensive.  If  these are the standards by which a company will live, then I believe that growth will not be impeded.  A I have said before, every day the Wall Street Journal has at least one article about a corporate employee on trial for fraud or theft.  Whether it’s insider trading, embezzlement, intentional misstatements of financial condition, all of these can generally be traced back to tone at the top.  Don’t you agree?

Calling all Controllers & Accountants to reply!!!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

SDF Applications

Exceptional Apps.

Dennis Dean Smith

Cross From Your Ideas to Success

Crochet with Raymond

The mad adventures of a lesbi@n hooker and her siamese cat!

The Office Blend

ALL THINGS WORK LIFE

Law At Work

HR, employment, and health & safety advice in Jersey and Guernsey, Channel Islands

Live to Write - Write to Live

We live to write and write to live ... professional writers talk about the craft and business of writing

The Daily Post

The Art and Craft of Blogging

Tech

News and reviews from the world of gadgets, gear, apps and the web

TED Blog

The TED Blog shares interesting news about TED, TED Talks video, the TED Prize and more.

Matt on Not-WordPress

Stuff and things.

Philadelphia Estate and Tax Attorney Blog

Philadelphia tax, estate, corporate, small business attorney providing IRS tax representation, estate planning & administration, small business, probate, wills, trusts, tax planning

WordCamp Central

WordCamp is a conference that focuses on everything WordPress.

Leadership Freak

Empowering Leaders 300 Words at a Time

Late Blooming Entrepreneurs

Making it big in business after age 40

Small Food Business

The Soup to Nuts Resource for Artisan Food Entrepreuers

FUEL LINES

A voice for private company controllers

%d bloggers like this: