Many leaders will have been to enough development courses to know that fairness and responsibility are the basic building blocks of leadership integrity and trust*. Indeed, the importance of these issues is made most clear in situations when they are absent. If you think of the impact of the 2007 financial crisis or the Enron scandal, then it will become clear what Lewis Garrad means.

While senior leaders are easily convinced to pay attention to the risks that come from losing sight of responsible business practices (and hence frequently embed them in governance process), many overlook the substantial benefits that come from building management cultures which focus on fundamental fairness, respect and responsibility. Indeed, Sirota’s own research has found that a sense of equity is the bedrock on which employee motivation and commitment is built. If you are interested in finding out more about equity you may be interested in – Without it, people quickly lose enthusiasm for what they do. It’s important to be comfortable in later life, which is why many working people strive to find a well-paid job so they can be financially stable when they’re older. Without having a well-paid job, people will struggle with their pensions and will have to look into the option of equity releasing their house for extra money (click here to find out more).
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