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Image : Thai junta passes controversial cyber-crime law

Thai junta passes controversial cyber-crime law

person Orange Themes access_time Dec 16,2016

Thailand's rubber-stamp parliament on Friday passed a controversial cyber-crime law that critics say strengthens the junta's ability to police the web and squeeze out criticism. The junta has banned protests, muzzled the press, blocked scores of

Image : China military urges restraint from U.S.-South Korea navy drills

China military urges restraint from U.S.-South Korea navy drills

person Orange Themes access_time Oct 17,2016

China's defense ministry said on Monday it was paying close attention to this week's navy drills between the United States and South Korea, and urged them to exercise restraint and not exacerbate regional tensions. China has been angered by a

Image : Tourism startups to get leg up

Tourism startups to get leg up

person Orange Themes access_time Feb 17,2017

EN VietNamNet - The Mekong Innovative Startup Tourism (MIST) Initiative has announced two new accelerators designed to make it easier for innovative tourism businesses to be established in Cambodia, Laos, Myanmar and Vietnam.

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Rising expectations of chief executives

access_time May 18,2017 chat_bubble_outline 24 views

A new global survey about the firing of corporate leaders, which is quite positive about changes in public thought, may help explain some of the heightened scrutiny of President Trump for his recent actions.

The survey was conducted by Strategy&, the consulting business of PricewaterhouseCoopers. It analyzed successions of chief executive officers at 2,500 of the world’s largest public companies over the past 10 years. Those successions that were forced by ethical lapses rose from 3.9 percent in 2007-11 to 5.3 percent in 2012-16. That is an increase of 36 percent worldwide.

In the United States and Canada, the increase was even higher – 102 percent. The forced turnovers rose from 1.6 percent of all successions in 2007-11 to 3.3 percent in 2012-16. (Note that the percentages are lower than those globally.)

The study attributes these increases to a number of trends. New digitals tools, such as “big data” and social media, allow greater insight on companies. The financial crisis of 2007-08 exposed more problems in corporations and brought tighter regulations, such as the Dodd-Frank Act of 2010. And as more companies expand worldwide, they run into higher risks of corruption, such as kickbacks and bribery.

But the study’s authors doubt there has been a sharp uptick in unethical behavior. Rather they attribute the increases to a public “more suspicious, more critical, and less forgiving of corporate misbehavior.”

And to prevent reputational damage, companies are becoming better at cleaning up their workplace culture once wrongdoing is exposed. “Our data shows that companies are continuing to improve both their processes for choosing and replacing CEOs and their leadership governance practices – especially in developed countries,” the study states.

The good news is that people may be more aware of lapses in integrity and expect more of leaders in accountability, honesty, and transparency. In other words, the stakes for those who rule over others may have risen, especially as those being ruled see more examples of bad behavior being punished and more executives trying to create an ethical culture in organizations.

In another recent global survey by Edelman public relations firm, 45 percent of people say they trust a business better if it is contributing to the greater good. If more companies sought that greater good, they could more easily instill an ethical culture. The pressure to remove a CEO for lapses can only decline if CEOs become more aware of the public’s rising expectations.

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