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For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. Ethical lapses arise when people take risks but do not bear the downside of their risky behavior. Creating an Ethical Workplace. Bad things happen in the dark.
My guess is that while a poor balancesheet might cause restless sleep, it’s the thought of an incorrectly reported balancesheet that brings on night terrors. Remember the public shaming – and heavy sentences — heaped on Enron and Worldcom for their accounting (and more importantly, ethical) failures?
For example, if you are suggesting cost reduction and balancesheet restructuring to GE, where activist investor Nelson Peltz, one of the founders of hedge fund Trian Fund Management, has a major stake, your pitch has a very different meaning than it would at News Corporation, where Rupert Murdoch still has effective control of the company.
Products, the balancesheet and customers are the priority. Great companies and managers treat employees as their greatest resource. Great companies and managers treat employees as their greatest resource. Furthermore, it means the management has high expectations and standards. What can you do as a manager?
Managers have to figure out their higher and lower risk intelligent device vulnerabilities, add in redundant systems, and potentially set up the AI equivalent of tsunami early-warning systems. As a result, no company will be able to recover on its own. AI International Protocols.
The bank describes itself as an ethical organisation focused on backing firms investing in social and environmental projects. With its balancesheet totalling nearly 1.6 Mike "Mish" Shedlock Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.
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