Reputation Risk Mitigation Through Corporate Accounting Stewardship
One of the fundamental challenges of our time is ethical leadership. The breach of trust brought about by Enron, Arthur Anderson, WorldCom, and others has exposed corporate accounting lapses and resulting agency risk in our modern capitalist society. Time and again, it has been proven that the remedy for what ails commercial enterprise and resulting socio-economic ramifications is not more legislative controls, but rather, leadership values rooted in ethical choices. By successfully harnessing these character virtues, leaders ensure viability and sustainability of both the organization and society by upholding good governance and mitigating reputation risk. The comprehensive ethical leadership model© is used as the baseline to explore the needs and resulting benefits of truly ethical leadership, with an eye towards grooming accountable stewards who will enhance the reputation and brand of their organizations to ensure long-term value creation.