Global Business Ethics Challenge – Barcelona

Global Business Ethics Challenge – Barcelona

We were delighted to bring our acclaimed Global Business Ethics Challenge to Barcelona this week. This formed part of Doing Good Doing Well 2015, IESE Business School’s MBA student-run conference on sustainable business. The GBEC linked directly to the Doing Good Doing Well opening messages from Caixabank’s Angel Pes about company purpose and also to Dean Jordi Canals’ description of “management as a transformational force for good”. Impact on Integrity is always keen to show how compliance and ethics improves business performance and this was again illustrated by the results of GBEC-Barcelona. We had a highly competitive GBEC, with different teams ahead on their EVA (Economic Value Added) and E&C (Ethics & Compliance) indices at different stages of the game. The seven teams comprised in total 10 different nationalities. The full results table is available here: http://bit.ly/1M1dpyV. Let Them Eat Cake, representing the USA and Taiwan, came out on top on the financial value creation, with both Olivia (Spanish-Dutch-German-French) andGreasy Palms (USA-Italy-Israel) giving them a close run for their money – and surpassing them for their ethics! All three teams were leading at different stages of the GBEC, but Let Them Eat Cake proved they made the best decisions for their bottom line at the end of Period 4. Green Leaf (Germany-Portugal-Spain) may not have been the most profitable competitor in this market, but they lived up to their name and came out numero uno for their ethics and compliance, with a top score of 168.7. By way of comparison, the top E&C score in the recent GBEC-Madrid was 205, although this was accompanied by a much lower EVA....
Focusing the Compliance Kaleidoscope on Conduct

Focusing the Compliance Kaleidoscope on Conduct

How can Financial Services benefit from the experiences of other industries on conduct and compliance? As behaviour and conduct continue to move steadily up the business agenda, Impact on Integrity joins the 7th Annual ICA Annual Conference to explore the valuable lessons which can be learned, including: practical steps to embed ethics and transparency in local culture…even in banks! aligning on conduct with HR and other key functions transforming compliance from burden to profitability enhancer Here’s a “starter for ten”… ICA’s 7th Annual Conference: Looking Through the Compliance Kaleidoscope takes place on 18 March 2015 at the Andaz Hotel, London. This will address key topics in both regulatory compliance and financial crime compliance. The ICA understands the issues faced by professionals dealing with risk on a daily basis and has put together a compelling programme. Be ready for a colourful journey through a wide range of high-profile contemporary issues – a real glimpse through the Compliance...
Compliance sea change in Spain

Compliance sea change in Spain

Turning negatives to positives has always been close to our heart at Impact on Integrity España. It now looks like the rest of Spain is with us. Let me explain. Transparency International commented in their latest Global Graft Report that “corruption is everywhere in Spain”. Oh dear. On their latest Corruption Perception Index, taking in all players from lowly Somalia to mighty Denmark, Spain sits now in 37th spot – certainly a ‘could do better’ on this year’s report card. The Q4 political scandal season didn’t even make the print deadline for the 2014 GGR. For example, the Health Minister was sacked in November after being named as a “profit-seeking participant” in connection with the Gürtel corruption case. This was a case implicating various politicians in accusations of bribery, money laundering and tax evasion. The allegations related to party funding and the awarding of public works contracts by various regional governments including Madrid itself. Estimated cost to the public finances? At least €120 million at the last count. According to El País, the government delayed corruption reform on 27 separate occasions, and on 41 occasions it delayed reform to the penal code. All this led TI to label the situation here in Spain “overwhelming”. As this is election year, it is worth noting that TI’s 2013 Global Corruption Barometer reported that 83% of Spaniards felt their political parties were “corrupt or extremely corrupt”. Not much had improved for the voting public a year later then. This is supported by the Sociological Research Centre’s most recent Q1 2015 data for Spain. This shows corruption and fraud stubbornly holding onto second...
Ética y Cumplimiento: cambian las tornas en

Ética y Cumplimiento: cambian las tornas en

Transformar lo negativo en positivo es algo que siempre nos ha importado mucho en Impact on Integrity España. Ahora parece como si el resto de España nos apoyase. Déjenme explicarles. En el último Informe Global de la Corrupción, Transparencia Internacional comentaba que “la corrupción está por todas partes en España”. Vaya hombre. En su último Índice de Percepción de Corrupción, en el que entran en juego desde la modesta Somalia hasta la magnífica Dinamarca, España se encuentra en el puesto número 37 (ciertamente un “Necesita Mejorar” en las notas de este año). El citado IGC ni siquiera recoge los escándalos políticos que tuvieron lugar en el último tramo del año. Por ejemplo, la Ministra de Sanidad fue cesada en noviembre tras ser señalada como “implicada con ánimo de lucro” en la trama Gürtel. En este caso había varios políticos implicados acusados de soborno, blanqueo de capitales y evasión de impuestos. Las acusaciones estaban relacionadas con la financiación del partido y la adjudicación de contratos de obras públicas por parte de varios gobiernos regionales, incluyendo Madrid. ¿Coste estimado de dinero público? Al menos 120 millones de euros tras los últimos recuentos. Según El País, el gobierno retrasó la reforma de las leyes anticorrupción en 27 ocasiones diferentes, y en 41 ocasiones retrasó la reforma del código penal. Todo esto llevó a TI a tildar la situación española como “abrumadora”. Al tratarse de un año electoral, cabe destacar que el Barómetro Global de la Corrupción de 2013 de TI indicaba que el 83% de los españoles opinaba que los partidos políticos eran “corruptos o extremadamente corruptos”. Un año más tarde, la...

Compliance: Graphic Content Alert

Are you using graphic recording to boost the impact of your Compliance training? Well maybe you should be! Impact on Integrity has had the pleasure and privilege of working with Tom Russell‘s fabulous team at Inky Thinking in our Global Business Ethics Challenges (GBEC) in Paris, Madrid and London. The graphic from GBEC-London is shown above. It is fascinating to watch the creation of these graphics in real time during the sessions. GBEC participants are keen to see how these evolve right in front of them. The unveil at the end includes a summary of “what’s on the wall” and of the main learning points of the session. Afterwards, this provides a great takeaway for everyone involved and gives a far more attractive and accessible reference point than the written word. Warning: you may never want to see minutes of meetings ever again! In case you’re wondering, here’s the Star Wars trailer which inspired the above theme…the sky’s the limit when it comes to creativity on Compliance training! http://www.impactonintegrity.com...