"Is it Legal?" vs. "Is it Right?"

Owen Ryan, CEO, AERS Advisory at Deloitte

 

 

Owen Ryan describes a positive development he has noticed in the business community in recent years.

Teaching Notes

Use the following prompts to facilitate a guided discussion on this installment of Walking the Talk: Insights on Putting Ethics into Practice.

What is the difference between legal and ethical in the context of corporate decision making?

How does Ryan characterize the shift in corporate America from a compliance culture to a culture of doing the right thing?

What factors in the internal and external corporate environment are contributing to this shift?

How can asking ourselves “Would I do this in the light of day?” or applying the “newspaper test” (would I do this if it was featured on the front page of the newspaper), or other related lenses in which we “shine a lot of light” on our decisions be helpful?  How can employers create conditions under which employees are continually “shining a light” on their decision making processes?

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