Sunday, October 9, 2016

EFFECTIVE GOVERNANCE MODEL FOR BUILDING ETHICAL ORGANIZATIONS

Many Large Organizations Suffer from Rampage Unethical Practices

The problem with our world starts when people with vested interests get into positions of authority. Many large organizations suffer from rampage unethical practices conspired by a very small number of people in influential & authoritative positions. There are obvious undesirable fall-outs, for the stake holders, of not being able to check this menace before it manifests into volcanic eruptions causing shock-waves leading to ripples of panic & devastation right through the organization and beyond

Symptoms Exhibited by Suffering Organizations

Organizations suffering from the impact of unethical practices may exhibit symptoms including but not limited to clandestine predetermined customary commissions, nepotism, favoritism and unhealthy politics aimed at promoting the vested interests of few favorites at the expense of the organization as well as the other interest groups including all ethical actors putting them in a strongly disadvantageous position. Work cultures marred by this evil strangle creativity, innovation, justice, growth, motivation and prosperity. In all likely-hood such a trend plummet the organization towards a downward spiral of hopelessness, destitution & complete loss of focus on the organizational values and objectives

Recipe for an Ethical Organizations?

Solution lies in whole hearted adoption of these rich practices within the governance framework of your organization
1.       Unwavering commitment of the stake holders towards building an ethical organization
2.       Keeping aside a budget towards accomplishing “Ethics and Compliance”
3.       Organization wide dissemination of the code of conduct manual, detailing the definition of integrity violation for identification & prevention of corrupt practices
4.       Building complete transparency around the processes and systems of your organization
5.       Carefully structuring the whistle blower policy
6.       Conducting surprise inspections of the individual work stations 
7.       Benchmarking organizational costs with contemporary market practices & scenario through real time studies and researches
8.       Ensuring optimum frequency of intra organizational employee transfers in case of a single business entity and inter organizational employee transfers in case of a multiple business entity. This also takes care of the critical business areas such as business continuity planning by lining up future business leaders capable of shouldering bigger responsibilities of your organization.
9.       Making contribution towards Knowledge Management system an integral component of the employee KPI (key Performance Indicators) matrix
10.   Developing significant overlaps in the employee KPI matrices as a proactive measure towards implementing a strong checks & balances mechanism.
11.   Carrying out unexpected audits of the organizational processes
12.   Zero tolerance policy for integrity violation
13.   Continuous reviewing and updating of the  governance framework to keep it effective and relevant to the changing times