Details

Broken Business

Seven Steps to Reform Good Companies Gone Bad
1. Aufl.

von: José R. Hernandez
16,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	10.12.2018
ISBN/EAN:	9781119547532
Sprache:	englisch
Anzahl Seiten:	352

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Beschreibungen

Titelbeschreibung

How to prevent corporate scandals and fix good companies that do wrong The news media is replete with stories of corporate scandal, corruption and misdeeds. The need for effective crisis management and corporate governance strategies has never been greater. Broken Business explains why corporate scandals happen, what to do when scandals arise in your company, and how to prevent their future occurrence. Offering real-world anecdotes and solutions, this book details how corporations can mitigate the risk of scandal, reform corporate image and install structures to create a more ethical and profitable company. This insightful resource dispels common misconceptions of corporate misconduct and its causes through fascinating research into human nature, and compelling storytelling that demonstrates fundamental flaws in corporate culture. Author José Hernandez draws on decades of experience working with high-profile global corporations to present seven essential steps for transforming a company, including building a better culture, more effective compliance systems and re-focusing the strategy. This book allows you to: <ul> <li>Examine current and highly publicized cases of corporate scandal and their impact on corporate credibility</li> <li>Employ practical methods to rehabilitate your corporation’s public image</li> <li>Implement managerial frameworks to quickly address cases of misconduct</li> <li>Promote a culture of compliance and integrity to encourage good conduct in your corporate environment</li> </ul> At its core, this book is a simple, engaging “how to” guide that offers practical advice on institutionalizing integrity in any organization. Broken Business: Seven Steps to Reform Good Companies Gone Bad is an essential text for leaders seeking a concise review at how things can go wrong, how to deal with scandal fallout and how to ultimately become a better company.

Inhaltsverzeichnis

About the Author xiii Preface xvii Acknowledgements xxix PART I Introduction 1 THE PROBLEM PART II The Tale of Wind International 21 The Crisis at Wind 23 Analysing the Problems at Wind 45 PART III The Bigger Picture 61 Why the System Fails 63 A Path to Reform and Change 81 THE SOLUTION PART IV The Steps to Address a Corporate Scandal 103 Step 1 – Understand the Crisis 105 Step 2 – Undertake an Independent Investigation 131 Step 3 – Define a Roadmap to Recovery and Remediation 147 Step 4 – Achieve Criminal and Civil Resolution 173 PART V Institutionalizing Integrity and Good Conduct 191 Step 5 – Strengthen Structures to Prevent, Detect and Respond to Misconduct 193 Step 6 – Reshape the Culture 227 Step 7 – Refocus the Strategy 257 A RECALIBRATED SENSE OF LEADERSHIP PART VI Concluding Thoughts and Leadership Roadmap 287 References 309 Index 311

Autorenportrait

JOSÉ R. HERNANDEZ, PHD, is a respected leader, entrepreneur, and professional advisor to global corporations that face high profile and complex white collar and regulatory matters. He is the founder and CEO of Ortus Strategies, a consulting firm with international clients headquartered in Europe and Canada. He is a professional accountant and was a partner with PwC. He is a native of El Salvador and is a national of Canada and The Netherlands.

Back cover copy

A PROVEN PROCESS FOR COMPANIES TO BOTH ADDRESS A CORPORATE SCANDAL AND CREATE THE CULTURE TO SUPPORT INTEGRITY AND GOOD CONDUCT "Why do good companies go bad? Why do corporate scandals happen so often? Is corruption and misconduct in business inevitable? And, on a more pragmatic level, what can business leaders do about it? What can they do to save their companies when scandal strikes or, better yet, what can they do to avoid scandal in the first place? These are the questions that drive this book." —From the Preface In this much-needed book, José Hernandez shares his decades of experience and wisdom working with companies in crisis and facing prosecution. Broken Business reveals how a business can reach the breaking point and offers a proven remedy for helping crisis-ridden companies regain their reputation and market share. This much-needed book defines the problem and outlines a seven-step process that both address corporate scandal and shows how to put in place the structures and culture to institutionalize integrity and good conduct. "A concise look at how things can go wrong, how to deal with the fallout and how to ultimately become a better company." —Ian Bourne, former Chairman, SNC-Lavalin Inc "Excellent reading." —Klaus Patzak, CFO of Bilfinger SE; former Corporate Vice President of Siemens AG "I would recommend it to all corporate leaders, directors, and prospective directors." —Peter Wakkie, former Board member of Royal Ahold NV; Chairman of TomTom NV "The Empowering Integrity process properly describes the steps a company must take to master the journey from crisis to successful transformation." —Bodo Uebber, Chief Financial Officer, Daimler AG "A current and compelling treatise on how to prevent, detect and fix corporate mismanagement." —Louis J Freeh, Former FBI Director, Chairman of Freeh Sporkin Sullivan LLP