Replies to post #6603 on Arcam AB fka AMAVF

[charlie T colton]

Avoiding Integrity Land Mines

Too bad this guy's long gone. Maybe he used too many words for the people with short attention spans. The words aren't hard to understand. Even I get the message.

From the Harvard Business Review - Avoiding Integrity Land Mines - Ben W. Heineman, Jr. - FROM THE APRIL 2007 ISSUE
(Ben W. Heineman, Jr. was the chief legal officer at GE for nearly 20 years and is a senior fellow at Harvard University’s schools of law and government.)

No business process is more important than conducting thorough due diligence on potential mergers and acquisitions according to the acquirer’s global integrity standards. GE has spent significant resources to make due diligence on integrity issues as robust and detailed as possible to minimize post-closing integrity surprises...

In dysfunctional companies, when business leadership improperly decides to cross financial, legal, or ethical lines or to stifle debate, the CFO, GC, and HR leader have to stand up to the CEO, go to the board—or quit.

OUCH! From a recent post - GE Top Compliance Exec Jumps - January 31, 2019

One of the top compliance officers at General Electric has jumped ship to Google after 13 years at GE — the latest and most high-profile in a long list of compliance officers leaving GE over the last 18 months.

YIKES!










The last two sentences of Ben Heineman's HBR article:

I have offered here my personal perspective on key principles and practices to fuse high performance with high integrity. But my larger point is that there should now be a dramatic shift in governance analysis and debate away from board responsibilities to the least-discussed and, arguably, most important dimension: governance on the front lines.

GE to Ben, "Thank you." "Next!"