Leadership Courage and the Culture of Banking

I received the following comment from a reader the other day in relation to my articles on the Culture of Banking and he gave me permission to post it on my blog.  I am sharing it with all my readers in the hopes that Jamie Dimon,  Vikram Pandit and other heads of the leading global banks take notice of what business executives, investors and the public are asking for:

The power of a single person or a group of like minded people to act above the ethical and professional level required by regulation should not be underestimated. What John lays out should be a normal standard of conduct, not some sort of ideal. Why then is the idea of bankers acting with transparency, integrity, disclosure and honor so strange? Why would someone (Dimon?) NOT wake up one morning and decide to operate not to the (lowest common denominator) letter of the regulation but with total transparency and hold the industry to that standard?  I for one would bank with such an institution!

How would you react to a “bank with courage”?

Tight Lines . . .

About johnrchildress

John Childress is currently Visiting Professor in Strategy and Culture at IE Business School in Madrid and a pioneer in the field of strategy execution, culture change, executive leadership and organization effectiveness, author of several books and numerous articles on leadership, an effective public speaker and workshop facilitator for Boards and senior executive teams. In 1978 John co-founded The Senn-Delaney Leadership Consulting Group, the first international consulting firm to focus exclusively on culture change, leadership development and senior team alignment. Between 1978 and 2000 he served as its President and CEO and guided the international expansion of the company. His work with senior leadership teams has included companies in crisis (GPU Nuclear – owner of the Three Mile Island Nuclear Plants following the accident), deregulated industries (natural gas pipelines, telecommunications and the breakup of The Bell Telephone Companies), mergers and acquisitions and classic business turnaround scenarios with global organizations from the Fortune 500 and FTSE 250 ranks. He has designed and conducted consulting engagements in the US, UK, Europe, Middle East, Africa, China and Asia. Currently John is an independent advisor to CEO’s, Boards, management teams and organisations on strategy execution, corporate culture, leadership team effectiveness, business performance and executive development. John was born in the Cascade Mountains of Oregon and eventually moved to Carmel Highlands, California during most of his business career. John is a Phi Beta Kappa scholar with a BA degree (Magna cum Laude) from the University of California, a Masters Degree from Harvard University and was a PhD candidate at the University of Hawaii before deciding on a career as a business entrepreneur in the mid-70s. In 1968-69 he attended the American University of Beirut and it was there that his interest in cultures, leadership and group dynamics began to take shape. John Childress resides in London and the south of France with his family and is an avid flyfisherman, with recent trips to Alaska, the Amazon River, Tierra del Fuego, and Kamchatka in the far east of Russia. He is a trustee for Young Virtuosi, a foundation to support talented young musicians. You can reach John at john@johnrchildress.com or john.childress@theprincipiagroup.com
This entry was posted in corporate culture, leadership, the business of business. Bookmark the permalink.

One Response to Leadership Courage and the Culture of Banking

  1. Pingback: Bankers “must be better citizens” says Bob Diamond, Barclays CEO | John R Childress . . . rethinking leadership

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