The origins of ethical failures : lessons for leaders
Author(s)
Bibliographic Information
The origins of ethical failures : lessons for leaders
(A Gower book)
Routledge, 2016
- : pbk
- : hbk
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
In 2001, as a young university graduate, Dennis Gentilin became a member of a FX trading desk at one of Australia's largest banks, the National Australia Bank. In the years that followed the desk became involved in a trading scandal that resulted in the resignation of the chairman and CEO, the upheaval of the board of directors, significant financial loss, and incalculable reputational damage. It was in this environment that the true meaning of business ethics was revealed to Gentilin.
In this ground breaking book, Gentilin draws on both his personal experience and the emerging literature in the various disciplines of psychology to provide a very unique insight into the origins of ethical failures. The intellectual depth Gentilin provides coupled with his real life reflections make this book a must read for senior leaders, regulators, consultants, students and practitioners.
Amongst other things, the book highlights the shortcomings associated with the traditional approaches used to explain and address ethical failures and illustrates how easily we can all, individuals and organisations alike, be complicit to unethical conduct. More importantly, it provides lessons and guidance to all leaders who aspire to build institutions that are more resilient to ethical failure.
Table of Contents
Foreword
Introduction
1. The Power of Context
Social Norms
Stanford Prison Experiment
The Role of Leadership
Lessons for Leaders
Where to Next
2. Group Dynamics
Power & Obedience
The (Innocent) Bystander
Majority Influence
Group Polarisation
Ethical Followership
Lessons for Leaders
Where to Next
3. Our Flawed Humanity
Are Humans Self-Interested?
Money
Power
Fear
Lessons for Leaders
Where to Next
4. What we Fail to See
The Slippery Slope
Loss Aversion & Framing
Overconfidence
Moral Disengagement
Lessons for Leaders
Conclusion
Education
Chief Ethics Officer
Lessons for Leaders
Epilogue
by "Nielsen BookData"