Setting the Right Tone at the Top
Chairman, KPMG International
IN THE LAST three or four years, we look at what’s happened in the business world, and there’s been a complete breakdown in trust.
There’s been a complete breakdown in trust in the operation of the capital markets and a complete breakdown in trust of chief executives and the way they operate. The assumption has been that everyone operates out of a sense of greed, if not dishonesty—to enrich themselves at the expense of others. This is what’s happened as a result of all the corporate scandals that we’ve seen, not only in the United States—actually we saw it in the UK a few years ago too.
Of course, as a result of that, we’ve seen an enormous amount of ...