Corruption Siemens Flashcards
(11 cards)
Why can a business be corrupted?
Because they forget what the founder stood for when building the company, or they forget the values that have made them so valuable in the market
What does a leader need to look for for avoiding corruption?
Highest performance with highest ethics
Why may corruption within a culture?
Leadership failure
How do you reform a business with a corrupt culture?
You give a shot to the involved to accept offering that they would be completely taken into amnesty
How do you connect with a person that has gone corrupt?
Talk in terms of “we”
What is compliance?
Cumplimiento
How do you check for compliance of transparency laws?
Recurrent deep revisions of the leaders, if doing wrong giving them time to correct their behavior
How can you motivate an employee to be more transparent?
Giving incentive (annual bonus). Siemens have 17%.
What is compliance?
Responsibility of management that leads to success
Who is Andreas Pohlman?
Chief compliance manager
How to keep transparency constant and sustainable?
Keep innovating for the product to be good enough to not be corruptible
