In today’s edition of Daily Compliance News:
Tag: Boeing
In today’s edition of Daily Compliance News:
- More Boeing fines. (NYT)
- Congressional Report finds Boeing had a ‘culture of concealment’. (WSJ)
- What’s a few drinks at a strip club (and billing it to the government?) (WSJ)
- Court finds Amazon likely to win suit on Pentagon contract. (Washington Post)
We have been getting accountability all wrong in the compliance profession. It’s not a set of tasks – it’s a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I conclude our three-part series to considering the current disaster Boeing finds itself in from the accountability perspective and what it might do to crawl out of the deep hole it finds itself in. In this Part 3, we consider accountability to other stakeholders and what accountability means in a heavily regulated industry. Some of the highlights include:
- What is the role of honor in accountability?
- What are the three standards of an accountable legacy?
- The role of culture is well understood in the compliance community. What is the role of accountability in creating and sustaining a great culture?
For more information on Sam Silverstein and his work on accountability, click here.
We have been getting accountability all wrong in the compliance profession. It’s not a set of tasks – it’s a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I continue our three-part series to consider the current disaster Boeing finds itself in from the accountability perspective and what it might do to crawl out of the deep hole it finds itself in. In this Part 2, we consider accountability by management to the employees and other stakeholders. Some of the highlights include:
· What is the Leader’s Commitment to Accountability?
· Why should the new Boeing CEO rent out CenturyLink Field?
· How did Boeing fail in the commitment to create a safe space for employees? How can that trust be regained?
· What is an employee’s commitment to a good reputation? Why is this a long-term commitment? What can Boeing leadership do to commit to accountability in the long term?
For more information on Sam Silverstein and his work on accountability, click here.
This week I have a special five-part podcast series where I am joined by Amii Barnard-Bahn to review some of the top business leadership failures of 2019. Today, we take a look at leadership failures from the continuing saga of Boeing. Some of the issues we explore in this podcast include:
- This case is a tragic ethical failure, which caused significant loss of life.
- Boeing clearly has a broken culture. There is low trust, lack of accountability between employees and management, coupled with unhealthy cultural norms at work.
- What has been the role of the FAA? Has there been questionable regulatory oversight?
- Boeing has a brand new CEO but the entire company needs total turnaround.
About Amii
Amii Barnard-Bahn, JD, PCC, CCEP, CCEP-I is an executive coach who specializes in accelerating the success of legal and compliance executives and their teams. A leadership columnist for Compliance Week and Fellow at the Harvard Institute of Coaching, Amii previously shaped company culture and strategic initiatives as an executive (CAO, Chief Compliance Officer, and Chief Human Resources Officer) at companies such as McKesson and Allianz. Forbes has recognized Amii as “one of the top coaches for legal and compliance executives.”
Contact Amii
Executive Coach and Strategic Advisor
Barnard-Bahn Coaching & Consulting
Office: (510) 301-0400 | Email: amii@barnardbahn.com |website: www.barnardbahn.com
Resources
For helpful insights and actionable tips on accelerating your career, sign up for Amii’s bi-monthly newsletter at bit.ly/amiibbnews
We have been getting accountability all wrong in the compliance profession. It’s not a set of tasks – it’s a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I begin a three-part series to consider the current disaster Boeing finds itself in from the accountability perspective and what it might do to crawl out of the deep hole it finds itself in. In this Part 1, we consider accountability from employees to their fellow employees and up towards management. Some of the highlights include:
· What is an employee’s commitment to values in an organization? What are your Foundational Values? Your Relational Values? Your Professional Values? Your Community Values?
· How employees commit to ‘it’s all of us’ so that all employees rise or fall together?
· Is bringing in a new CEO enough or must an organization do more?
· What is an employee’s commitment to a good reputation? How do you get alignment in word and deed to commit to accountability?
For more information on Sam Silverstein and his work on accountability, click here.
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I go into the weed over the ethical failings and missteps made by the now former Boeing CEO Dennis Muilenburg which led to his firing.
Some of the highlights include:
- What are the three steps in cooperating with the government after a failure?
- Why did Boeing fail to reveal negative information it uncovered in its internal investigation?
- What is the role of a CEO around ethics?
- What is the role of the Board of Directors?
- What is the only control for a CEO around ethics?
- What are the lessons learned for a corporate compliance program?
- What does all this mean for compliance professionals going forward?
Resources
Matt’s blog post More Misadventures in Ethics From Boeing in Radical Compliance.
