Monday, October 31, 2011

We need to build business we can trust

The presidential campaign surfaced a need to reconnect the economy with society and ethics.


President elect Michael D Higgins believes there is a need to “recognise the need for a reflection on those values and assumptions, that had brought us to such a sorry pass in social and economic terms, for which such a high price has been paid and is being paid”

In reminding us of what goes so badly wrong when individualism married to a facilitating political elite pursues wealth creation without consideration for wider society, Higgins believes we need to reconnect the economy, society and ethics.

Never again should small groups of influential insiders be allowed to garner wealth at the expense of society. The powerful influence of business people seeking to exploit position to further their own aims must be tempered for the greater good. After all the freedom afforded business to operate within a system that advances and facilitates ease of enterprise-creation exists only as citizens through elected representatives permit it. When public representatives become captive of sectional interests and are influenced by cheque book lobbying, democracy is usurped to benefit the few and disenfranchise the many.  

Recasting the legitimate and ethical role of business and crafting a new economic model will take more than talking up the national advantage of a young educated population, the best of who are once again emigrating. Any new economic model must exist within a society that exposes values of decency, integrity, egalitarianism and equality. And it must be a society where ethical business behaviour does not simply mean mere legal compliance.

The shallow narrative and imagery promoted by some presidential candidates failed to grasp that authentic leadership requires messages rooted in the values Higgins and those who elected him espouse. Riven with deliberately ambiguous messages, spun to garner votes from as broad a population as possible, other candidates’ leadership aspirations were rejected.

Sean Gallagher’s hope inspiring narrative threatened to become a triumph of style over substance until this time last week when his carefully crafted independent status was undone, largely by his own hand. Best described as a motivational brand image, his message was cleverly communicated to win votes. A disingenuous melange of enticing promises that no president could ever have delivered on also contained a leadership blind spot.    

Gallagher’s blind spot was his failure to respond to the powerful imagery created by his use of the word “envelope”, faltering recollection, his subsequent “bagman” denial and obfuscation in explaining business accounting transactions.  

Once the thin veneer of motivational wallpaper was stripped back, people saw an unreconstructed, unrepentant businessman and member of the Fianna Fail’s boom time elite. Gallagher was caught in that grey area between politics and business. People sensed he was an unrepentant boom-time journeyman and promoter of materialistic individualism.

During his interview with Mike Murphy last week, journeyman-in-chief Bertie Ahern enunciated his own unrepentant construct that Ireland’s economic collapse wasn’t down to his leadership failings but others inability to open his mind to what was going so badly wrong. Hubris, that belief in self-image and vision are the hallmarks of poor leadership, as is a lack of humility in accepting responsibility and accountability for things when they go wrong. 

Unfortunately for Gallagher, he seemed to represent the same unquestioning commitment to individualism that was so responsible for the destruction of national wealth.

Perhaps we should be thankful to Gallagher as he unwittingly shone a light on a dark place others would prefer to keep hidden. We should also be thankful that the media forced into the open a past that must never again be repeated.

The lingering concern is that wealthy people continue to have greater access to politicians based on the value of their bank accounts. If this is so, then all talk of reform is meaningless unless the lessons starkly illustrated by Gallagher’s undoing are learned by this Government.

Higgins’ election represents a triumph of substance over style, deep wisdom over shallow individualism. It illustrates how ordinary people realise that out of the chaos of an economic collapse we must craft a better society. One built on what we are good at and one intolerant of unfettered individualism and political clientelism.

The ability of business to be a force for the good requires that trust be rebuilt in business. The same is true for politics. This means honest, open repentant acknowledgement of what went so badly wrong and a demonstrable commitment to achieving higher ethical standards today. 

A version of this article appeared in the Irish Examiner, Business Section, Monday 31st October 2011.






No comments:

Post a Comment