tag:blogger.com,1999:blog-1338737959612989532.post908434530196566164..comments2023-06-16T17:28:48.024+01:00Comments on Strategy and Public Policy: Barclays, Bob Diamond and LessonsOluhttp://www.blogger.com/profile/01262743811466461490noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1338737959612989532.post-74098499719479367722012-08-31T15:47:37.999+01:002012-08-31T15:47:37.999+01:00Thanks Olu for this brilliant piece .
The appoint...Thanks Olu for this brilliant piece .<br />The appointment of Antony Jenkins as Barclays new Chief Executive nudged me that I never really posted my comments on this piece.<br />In your piece, you clearly raised so many issues ranging from corporate governance, leadership recruitment sustainability and ethical business, all of which I believe resonated so strongly with me.<br />You will agree with me that there has never been any conscious effort by big corporates either in Nigeria or any part of the world to align the so called organisational vision with the personality profile of targeted hires.<br />More than any other factor, the slogan or top performer, superstar and affiliation hold sway above accomplishment and integrity in leadership hires.<br />Yes, as you noted, ‘’sustainable shareholder wealth creation is only possible when it is balanced with the larger interest of society’’ Quite altruistic! Olu, you seem to demonstrate socialist temperament within a capitalist environment. From the case of Enron, Barclays and indeed many failed and failing businesses and states, there has evidently been serious leadership gap amongst the chief executives.<br />Instead of just pumping money into corporate Governance models, organisations should begin to seek for adequate psychometric tools (not online) to hire, monitor and discipline chief Executives before we are all consumed by the black hole. There are many Bob Diamond’s in our midst <br /> <br /><br />--Endyndunechehttp://ng.linkedin.com/in/ndunecheezurikenoreply@blogger.comtag:blogger.com,1999:blog-1338737959612989532.post-44827252285515085972012-08-22T10:32:50.873+01:002012-08-22T10:32:50.873+01:00"Business must create economic value for soci..."Business must create economic value for society. It should be its “reason for being” and its purpose." Very pertinent issues are raisedin this article. The challenge is to find the balance between self-regulation & Government regulation. I believe that this balance will defer from country to country, based on the maturity and transparency of Govrnment itself.Moments with mindhttps://www.blogger.com/profile/00300571633309043977noreply@blogger.comtag:blogger.com,1999:blog-1338737959612989532.post-30068150428240058942012-08-22T08:03:22.267+01:002012-08-22T08:03:22.267+01:00This is quite apt, well thought out and relevant.....This is quite apt, well thought out and relevant...Faseesin Babshttp://www.babsfaseesin.comnoreply@blogger.comtag:blogger.com,1999:blog-1338737959612989532.post-61566397111762178532012-08-22T07:51:28.358+01:002012-08-22T07:51:28.358+01:00This is quite apt, well thought out and relevant.....This is quite apt, well thought out and relevant....Faseesin Babshttp://www.babsfaseesin.com/noreply@blogger.comtag:blogger.com,1999:blog-1338737959612989532.post-9293481467740477092012-08-21T23:26:01.736+01:002012-08-21T23:26:01.736+01:00Great write up. The need to protect the lower stra...Great write up. The need to protect the lower strata of the society in any sphere of the economy can never be overemphasized. While recent experiences from the western nations clearly show the tendency for corporates to privatize profits and socialize losses, it is pertinent to note that this situation might not be too different in developing world. It is a classic case of the rich getting richer and the poor getting poorer.<br />The LIBOR saga further confirms that in modern times, equitable and just self regulation is quite difficult. The tendency is that the scale will always tilt towards our innate selfish interests. Free market is sweet but we definitely need to find a right mixture of freedom and control. The casino-like investment banking looks too sweet for most banks to ignore since the society (stock market, shareholders, media etc) expects the banks to deliver if possible double or triple of revenues and profits year on year. Any deviation from this is received with thumbs down. Perhaps until corporates begin to put the general society into context, the excessive risks embraced by most banks will not fade away. Likewise, the society needs to moderate her expectations from corporates remembering that too fast a growth could be a signal of troubles ahead.Sesan Ajalahttps://www.blogger.com/profile/15865382603144180007noreply@blogger.com