“No corporation can afford the reputational risk of marketing
unsuitable product or engaging in slippery business conduct. Values and culture speak to both of these
perils.” The G30 Report Toward Effective
Governance of Financial Institutions, 2011 said this with respect to financial
institutions, but I substituted “corporation” as I think it is a more universal
statement. One could also add “unsuitable
services”. We see so many lapses in business
ethics and governance these days; I can’t help but think that they could be
avoided by having a proper environment of values and culture.
