Ethics Governance
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Ethics Association Strikes Alliances Ethics Association Strikes Alliances, January/February 2006 - By Andrew W. Singer. EOA To Strike Alliances With Other Ethics GroupsOne used to speak about a “flight to safety.” Now one hears about a “flight to integrity,” says Keith T. Darcy, the Ethics Officer Association’s (EOA) new executive director. And perhaps that is only fitting in the wake of the most turbulent corporate scandals in a generation. “We’re seeing a lot more board activism” when it comes to ethics and compliance, notes Darcy in a recent interview. Part of it is mandated, of course, in the revised Sentencing Guidelines for Organizations, and elsewhere. Still, speaking of corporate directors, “They get it. They understand that their world has changed.” There is a strong relationship between capital formation and integrity, observes Darcy, a banker by background. (He was a senior executive at Marine Midland Bank, now HSBC, for 15 years, and headed its consumer banking group.) Moreover, in the information age “there is no place to hide. Everyone’s talking to each other,” whether through the Internet, or other means. Organizations are really being held to a higher standard. Or, as he observed in his keynote address at the EOA’s annual conference in October in San Antonio: “All of our business practices are being exposed to the light of day: from marketing practices, to market timing; from earnings management, to executive compensation.” A soaring membershipThe EOA was founded in 1992 by a dozen ethics officers.* Darcy speaks of a “quantum leap forward in terms of membership.” By 2002, the EOA had 600 members. Full Article: http://www.singerpubs.com/ethikos/html/eoa.html |
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2006 Ethics-Governance.com |
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