Remove 2016 Remove Benchmarking Remove Culture Remove Ethics
article thumbnail

How Companies Can Take a Stand Against Bribery

Harvard Business

In 2016, the International Monetary Fund estimated that corruption amounted to roughly 2% of global economic output — between $1.5 External standards can also be a powerful tool in support of those efforts, helping companies strengthen ethics and compliance practices by offering a clear framework for action.

Company 28
article thumbnail

Should a CEO’s Bonus Be Based on Financial Performance Alone?

Harvard Business

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank , revolted. The latter was concerned with “measuring long-term progress in the areas of diversity and inclusion, sustainability, and culture.” ” Now a full 50% of the assessment was subjective. .”