Yesterday, was he 50th anniversary of the publication of Milton Friedman’s essay titled “The Social Responsibility of Business is to Increase Its Profits" that came to be known as the “Friedman Doctrine” or the “Stockholders Capitalism Doctrine” and which was widely adopted for many years by the corporate world. In recent years, we have seen … Continue reading Has the Friedman Theory eroded in time?
Yesterday I had an engaging discussion with my students about the numerous corporate governance failures present in the Theranos saga. The learnings in Theranos are countless. A young CEO with a powerful storytelling strategy that deceived everyone: from prestigious independent board members, sophisticated investors and well-known strategic partners, to employees, the media and even patients. To … Continue reading Let It Not Be Another Theranos!
We may or may not agree with some of Airbnb's policies in the past, but what is difficult to deny is that its CEO has a master's degree in clear, empathetic and transparent communication. This was more than demonstrated in his statement of May this year, in which he informed about the massive layoffs of … Continue reading Airbnb’s CEO communication skills are a valuable asset in times of crisis
Cuando hablamos de la perspectiva regulatoria del Comité de Ética, es posible considerarla desde dos enfoques distintos. El primero de ellos consiste en detallar si se necesita integrar un Comité de Ética, de conformidad con un requerimiento regulatorio. El segundo planteamiento, en cambio, busca analizar si dentro de las funciones del Comité de Ética se … Continue reading Comité de ética: más útil y necesario que nunca
This week I received a phishing email that caught me off guard. Fortunately, I was suspicious and took some preventive actions, although it was certainly more sophisticated than I was used to. For example, it came from a legitimate-looking Gmail account in the name of a person who identified himself as an non-executive director of … Continue reading Be careful if it’s too good to be true!
In the wake of the George Floyd murder in Minneapolis, many companies have issued statements of support for the black community. A few days ago, I commented on the importance of taking a stand, both on a personal and corporate ground, against social inequality and injustice of any type, citing as an example the statement … Continue reading IBM reflects on facial recognition’s use in law enforcement
When companies face times of crisis, their corporate leaders often make accelerated decisions, based on the available information, without involving other stakeholders or measuring the long-term consequences. This approach has proven - on occasions - not to be the most effective one for the sustainability of the company and has impacted the relationship with the … Continue reading The Power of Cheetah Pauses
Esta semana, el INEGI publicó los resultados de la Encuesta Nacional de Calidad e Impacto Gubernamental (ENCIG) 2019. El objetivo de ENCIG es – entre otros - generar estimaciones sobre la prevalencia de actos de corrupción y la incidencia de los mismos en la realización de trámites y servicios públicos que proporcionan los diferentes niveles … Continue reading La ENCIG 2019, entre la percepción y la realidad
Today I participated in my Alma Mater’s virtual graduation ceremony for the Class of 2020. I was not planning to attend, but I had nostalgic feelings from my own graduation ceremony more than 20 years ago and concluded that it was important to express support to the students and faculty at this critical time. As I heard the graduation speakers, a stream … Continue reading Good Memories from Campus Life!
Desde julio del año pasado, México cuenta con la plataforma de “Ciudadanos Alertadores Internos y Externos de la Corrupción", administrada por la Secretaría de la Función Pública (SFP), en la que cualquier ciudadan@ puede alertar actos graves de corrupción, entre otros. Hasta la semana pasada, mi preocupación respecto a la efectividad del programa de denuncias … Continue reading ¡No hay que tomarlo personal!