Harvard Business Review published author and business researcher John Katsos prides himself in his international work in conflict zones, specifically Myanmar, Ukraine, Northern Ireland, Ethiopia, and Iraq.
Witnessing the destructive effects of climate change and civil unrest, John Katsos has taken the lead in corporate responses such as ESG to make the world a better place.
▶️ ESG Reporting in Conflict Zones with John Katsos:
Key points discussed in the episode:
✔️ John Katsos describes his personal and professional background and his current projects.
✔️ John Katsos gives his insights on the issues driving migration like political turmoil and how it has escalated since civilization. He cites Syria as an example of drought acting hand-in-hand with armed conflict, compelling citizens to seek refuge in neighboring countries.
✔️Climate change is environmental destruction on a global scale. People continue to relocate to areas with employment and food, but such rapid changes take a toll on the environment.
✔️ Staying ethical in economic desperation is a real challenge for companies. Downward wage pressure happens when immigrants accept lower salaries for high-paying jobs. Some companies take advantage of the situation, even evading taxes to cut production costs and maximize profit.
CEOs have to compete with such unethical practices.
✔️ John Katsos explains the role of a corporation when complying with ethical standards in conflict zones. Do no harm, and have a clear picture as to why you’re operating there.
✔️ Ensure effective due diligence. If you can’t adequately audit workers’ conditions while doing business in conflict areas, always assume the worst. The best course of action is to withdraw and plan on shutting down your factories there.
✔️ Mass migration places people at risk of labor exploitation. John Katsos urges companies to thoroughly examine worker contracts and verify the content’s authenticity. They must ensure no one is harmed as they operate in war-torn zones.
✔️ Reporting structures are in place – from international organizations and NGOs to academic institutions – to allow companies to achieve thorough environmental reporting.
✔️ The holy grail of John Katsos’ work is gathering data about the direct impacts of conflict on business operations. It proves to be a challenge, as most information is collected from people’s first-hand accounts and the number of casualties.
✔️ John Katsos emphasizes that fighting against corruption, bribery, and abuse in conflict zones is everyone’s responsibility.
John E. Katsos is an Associate Professor of Management. John researches business operations in conflict zones. He examines specifically how businesses can mitigate political risk and enhance peace in conflict and post-conflict zones. He is also one of the top global authors for business on the website Medium. John sits on the Boards of the UNGC UAE Local Network, the UNPRME Business for Peace Working Group, and DiverseCity, a social enterprise. John has his JD and MBA from George Washington University and his BA in Religion from Haverford College.
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Tag: John Katsos
In this episode of the FCPA Compliance Report, I visit with John Katsos, Assistant Professor and Scholar at American University of Sharjah. John has researched and performed due diligence in conflict zones in the Middle East and Africa. He was part of a research team that published a series in the Big Idea section of the Harvard Business Review entitled Preparing for the Era of Uncertainty, which is a must read for every compliance professional. He brings a unique perspective to a variety of compliance topics. Highlights of this podcast include:
- Academic and professional background.
- Why due diligence in conflict zones so difficult?
- What are some of the important differences in performing DD in conflict zones?
- What are some keys to successfully performing DD in conflict zones?
- Key lessons you observed on DD in Cyprus?
- Where did you come up with the idea for this series of articles, Preparing for the Era of Uncertainty?
- A discussion of each article in the series.?
- What is it like teaching anti-corruption and other forms of compliance outside the US?
- How do you see your work tying into a broader ESG discussion?
- How does climate change and migration across borders influence your thinking?
Resources
Preparing for the Era of Uncertainty-Harvard Business Review
John Katsos website, including some great research and papers
John Katsos LinkedIn profile
