- Outlaw both giving and receiving bribes
- Cover both the public and commercial sectors
- Make corporate bodies liable for the corrupt actions of their directors, employees and agents
- Require those companies to “take all reasonable steps” and “exercise all due diligence” to prevent corrupt practices.
Source: www.hicaliber.com
Check your Kitbag:
At a minimum you will need to:- Appoint a compliance lead and carry out a corruption risk assessment
- Put in place an anti-bribery policy and roll-out related training
- Embed anti-corruption controls and due diligence procedures
- Ensure an effective “whistleblowing” channel is available
- Review investigation and disciplinary protocols
- Initiate monitoring and review procedures for board and executive
In the IMI we have developed a specialised Diploma in the Management of Compliance, which is designed to help both organisations and individual managers to meet the challenges of doing the right thing - everywhere.
Ros O’Shea is the Programme Director of the IMI Diploma in the Management of Compliance and lectures on the topic of ethical leadership and governance on a wide range of IMI. She is also an independent director and a partner in Acorn Governance Services. Download our new e-book on Compliance Essentials 2015 [post_title] => Back to school: how are your ABC’s? [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => back-school-abcs [to_ping] => [pinged] => [post_modified] => 2020-05-11 20:41:07 [post_modified_gmt] => 2020-05-11 20:41:07 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.imi.ie/?p=11960 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 4780 [post_author] => 7 [post_date] => 2013-09-10 15:15:30 [post_date_gmt] => 2013-09-10 15:15:30 [post_content] => It's that time of year when the summer days shorten, the morning rush hour gets busy again and the nation's children pack their bags for school. But what about the rest of us? What are we packing? What are we planning to learn?
Costas
Costas Markides is an IMI associate who teaches on the Senior Executive Programme.
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Do Schools Destroy Creativity?
Even if only 2% of people in the whole universe can be considered “creative”, the trick is to find ways to access them and their ideas.
Research by Professor George Land has shown an alarming decline in our creativity as we go through the educational system. For example, when a group of 3-5 year-olds were tested for divergent thinking (a prerequisite to creativity), about 98% were rated as “genius in creativity”. The same children were tested again five years later and—alarmingly—the creativity geniuses had fallen to 32% of the sample. Even worse, when the same kids were tested again five years later when they were teenagers, only 12% were rated as geniuses in creativity. When a group of adults (over the age of 25) was given the test, only 2% received the “genius” rating.
These are of course depressing statistics, and people have used them to argue that there is something fundamentally wrong with our educational system. For example, Sir Ken Robinson has eloquently argued that instead of promoting our children’s curiosity and sense of adventure, schools tend to encourage conformity and kill creativity. He has passionately demanded a complete restructuring of the educational systems of the Western world.
Without disputing the need to re-think our educational systems, I wonder whether there is another way to look at these numbers. As most of us would agree, there are positive things coming out of our current educational system (along with the negatives). Thus, we should be careful not to destroy the positives in an attempt to remove the negatives. There is no sense in throwing the baby out with the bathwater.
Yes, schools teach us to conform. And yes, this harms our creativity. But conformity has its benefits as well—for example, it makes us better, efficient and law-abiding citizens. Rather than risk losing all this in an attempt to reclaim our creativity potential, how about if we keep the educational system as is and search for alternative ways to improve our creativity? For example, Jeff Howe, in his book Crowdsourcing, estimated that the probability of finding the correct answer in the game: Who Wants to be a Millionaire is increased by 65% when we phone a friend and by 91% when we ask the audience. This suggests that we don’t necessarily have to find the answer ourselves. All we need to do is ask someone else.
Academics call this Open Innovation—rather than try to come up with creative ideas yourself or on your own, it may be better to acknowledge that somebody else out there may already have the idea or the answer. Thus, even if only 2% of people in the whole universe can be considered “creative”, the trick is to find ways to access them and their ideas. The solution to our schools destroying our creativity is not to revamp our schools; it may be to practice “open innovation” in a more strategic way.
Costas Markides is an IMI associate who teaches on the Senior Executive Programme. Costas is Professor of Strategy and Entrepreneurship and holds the Robert P. Bauman Chair of Strategic Leadership at the London Business School. He is a researcher and widely published author on the topics of diversification, strategic innovation, business-model innovation and international acquisitions. He was named one of the Top 50 Most Influential Management Gurus by Thinkers50 in 2011.
