Transcript Ethics and Values – Responsible leadership and the

Ethics and Values – Responsible leadership and the
importance of Women on Boards
WIBF – Women on Boards Forum
20 April 2011
Professor Roger Steare
Kathryn Riley
MD, Durance Ltd
Corporate Philosopher,
Cass Business School
Flow of the Evening
• Doing the women’s thing – context for an ethical
dilemma
• Sharing my experience
• Budge Over – business case for women
• What's the business case for ethics?
• Moral DNA profile
• Responsible leadership and building a culture of
integrity
• Q and A’s
“Deeds Not Words”
What has happened to HOPE?
• 1908 – WSPU
• 1970’s – EPOC
– 2007, “Mind the Gap”, London pay gender gap = 23%,
top 10% of earners =23%
– Equal Pay not likely to be achieved until 2067!
• 1980 – founding of WIB
• 1991 – Opportunity 2000
• Recent…..Tyson and Higgs Review 2003, FTSE
Cross Mentoring Programme, 2003 - 30%
Chairmen's Club, Lord Davies Report
recommendation on targets for Women on
Boards……..
HOPE is somewhat sceptical
Budge Over
• Talent Sustainability
• 3 women on the Board boosts performance by
more than 40%
• Best ideas come from work teams that mix men
and women
• Equal gender split – more likely to experiment,
share knowledge and fulfil tasks
• Even mix – psychologically safe communications
climate and self-confidence among members –
leads to fertile ground for innovation
You go to an ATM and it gives you £200 instead of
the £100 you keyed in. What do most people do in
this situation?
If this is an integrity test which answer(s) are
preferred by men and which by women?
a. Keep the money because it’s the bank’s fault
b. Return the money because it’s theft if I keep it
c. Return the money because it belongs to other
people
d. Return the money because I believe in honesty
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a. Ethic of Ego
- what’s right is what’s best for me, me,
me...
- internal driver
of
behaviour
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b. Ethic of Obedience
- what’s right is following orders
- consequences are reward or
punishment
- external driver of behaviour
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c.Ethic of Care
- what’s right is what’s best for all of us
- moral values of humility, love and fairness
- interactive driver of behaviour
(relationships)
- builds community integrity
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d. Ethic of Reason
- what’s right is what I/we judge is right
- moral values of wisdom, self-discipline
- character and judgement
- personal integrity
- internal driver of behaviour
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HSBC Case Study
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The DNA of Morality
• Humanity is an empathic, social species
• We are born, survive and achieve well being
through love, fairness and wisdom
• Functional human communities must first be
based on an ethic of care, like family and
friendship.
• Women carry the DNA and neurology for
greater empathy (oxytocin, vasopressin, more
receptors)
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The DNA of
Sustainable Business
• A sustainable economic purpose AND a human
community of belonging (PWC - Trust the behavioural
challenge)
• Most businesses are small family businesses and
endure for generations (92% in the EU)
• The modern corporation is a dysfunctional and failing
economic construct based on a series of ideological
beliefs rather than objective scientific evidence (dot-com
bubble, banking crisis, big oil)
• Time for a Spring Uprising?
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Questions
?
[email protected]
k
www.durance.co.uk
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[email protected]
rg