After 700 interviews and analysis, a US federal commission issued a report outlining the cocktail of causes behind the 2008 financial crisis.
The “avoidable” crisis was a trifecta intersection of social irresponsibility (greed), non-transparency (deception), and ineptitude (incompetency) across a wide swath of the highest compensated and power wielding government and business leaders. Or as the academic jargon goes, it was a “systemic” phenomenon requiring systemic not compartmentalized fixes or prevention strategies.
For those of us who daily toil in the design of organizations and systems, this is no surprise. What agreements exist today within and between finance and regulatory business and government leaders when it comes to things like transparency, social responsibility, and competency?
What are the agreements among the business schools, boards, policy incubators, and citizen watchdog groups about these - the groups that influence and shape leadership quality at the highest paid levels? And what can happen until these agreements exist?
Who should be tasked with assembling government and business leaders to craft a common approach? What should their agenda and deliverables be?
