Ensure that integrity is an essential component of your business!
Integrity is looked upon throughout the world in giving competitive edge for continuous growth in all businesses. Every single member of a company has the responsibility in their daily business-dealings to uphold the principles of good corporate governance, such as integrity, trust, transparency, fairness, meritocracy, apart from being environmental friendly and taking up social responsibility.
Improper conducts of fraud, embezzlement, theft, corruption, harassment, collusion, nepotism, breach of trust, insider trading, confidential information leakage, abuse of authority and misuse of company resources resulted in devastating harm to company reputation, goodwill and branding, which has taken the company time and resources to develop.
By establishing a comprehensive set of corporate codes of conduct along with culture, procedures and policies to enforce them, a company will have the chance to identify potentially harmful issues early and to prevent the rot from setting in.
Philosophy from Warren Buffett
He doesn’t do it alone to build Berkshire Hathaway into one of the most profitable companies in the globe! But, how has Warren Buffett been able to build such a formidable team to work along building such an incredible successfully American multinational conglomerate? The secret lies in what Warren Buffett looks for in people when he hires them – intelligence, energy, integrity.
“We look for three things, generally, in a person, when we hire people,” says Buffett. “We look for intelligence, we look for initiative or energy, and we look for integrity. And if they don’t have the last one, don’t even bother with the first two, the first two will kill you, because if you’re going to get someone without integrity, you want them lazy and dumb. I mean, you don’t want a spark of energy out of them. So it’s that third quality. But everything about that quality is your choice. I tell them, ‘Everyone here has the intelligence and energy—you wouldn’t be here otherwise. But the integrity is up to you. You weren’t born with it, you can’t learn it in school.”
Enhancing Good Corporate Governance
In a world full of noises, Malaysian Integrity Academy is a place where you can step back and think about implementing an integrity system to uphold good corporate governance! Contact us now.