17 Apr Skeptical of political and corporate leaders…is there a connection?
Is there an increasing gap in expectations between what the community expects and what our political and business leaders provide?
By legislators, “who respond to populist electorate pressure and continue to over-regulate business activity – especially in the area of director liability – with increasingly prescriptive and pernicious laws, many of which offend fundamental rule of law principles that apply to the rest of the community”.
By regulators, who often have their key performance indicators based on their number of successful prosecutions, rather than a reduction of cases to prosecute due to good corporate practice.
- By the media “which, in response to the insatiable public appetite for the notorious and the titillating in order to sell media product and air time, is inclined to simplify, generalise and sensationalise occasions when corporate shortcomings do arise”.
- By the public through its need to attribute blame for that which befalls it and which sees company directors as “the souls to damn and the bodies to be kicked when a corporate is involved”.
Cole noted: “The performance of corporations and their boards is usually assessed and judged by regulators, courts, media and the public with the benefit of hindsight; without time constraints; and with access to all the information possible that may have been
I would contend that this phenoma is a good reflection of what is occuring, and that this phenomina is as true for Directors as it is for Politicians albeit the balance of issues may vary. That is not to say that Directors and Politicians dont make mistakes…in that sense they are as human as all of us…but as a nation, are we creating the best conditions for their success? And are these gaps in expectations good pointers as to where the problems lay?