HOW CAN ONE STRIVE TO BE A LEADER?
There are many ways to innovate through the use of data. One of the interesting ways is through hiring and internal talent development. Much has been written on hiring a new Chief Executive Officer (CEO). As with the hiring of other senior executives, such as a Chief Compliance Officer (CCO) or Chief Financial Officer (CFO), there can be specific questions about challenges the candidate has faced in prior engagements. The use of data can help a compliance professional identify internal candidates to move a corporate leadership program forward. This can also give a company a boost by bringing professionals into the leadership realm which will allow them to more fully operationalize leadership if they return to a more traditional business unit role.
More and more the issue of corporate culture is coming to the fore in the area of compliance. It works for all levels of a company, literally from the Boardroom to the shop floor. The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) recognized this when they noted in their 2012 FCPA Guidance that “A compliance program should apply from the board room to the supply room—no one should be beyond its reach.” Yet culture can provide more than simply an ethical foundation, it is also a part of the business foundation of an entity.
Today I continue the series on leadership lessons from U.S. presidents in discussing James Monroe Virginia, who was President from 1817 to 1825. He is probably best known today for the Monroe Doctrine which was not his idea and was not known by that name until the 1850s. In addition to that when he was the last of the founding fathers to serve as president he is also the last of what was called the Virginia dynasty and where for the first five presidents came from Virginia. He did own slaves throughout his life and he was the personal target of an abortive slave revolt when he was Governor of Virginia. The life, times and Presidency of James Monroe provide many lessons for today’s business leader. I hope that you can draw inspiration and some insight from them.