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LEADERSHIP IS A PROCESS OF SOCIAL INFLUENCE, WHICH MAXIMISES THE EFFORTS OF OTHERS TOWARDS THE ACHIEVEMENT OF A SHARED GOAL.

Wednesday, July 04, 2012

Positive Leadership: Leadership Lessons from the Barclays Scandal


In advance of today’s UK Treasury Select Committee hearing and the expected further fall-out from the Barclays scandal, we believe there is value in stepping back and thinking about the key leadership lessons emerging so far.

According to the Financial Times, Bob Diamond (ex Barclays CEO) gave a lecture last year in which he stressed the importance of culture in establishing an ethos of trust and integrity. “Culture is difficult to define,” he explained, “but for me the evidence of culture is how people behave when no one is watching.”

In our view, recent events highlight three significant leadership lessons, which have broad impact:

•             As well as developing good leaders, Boards need to focus on stopping, or at least slowing down, bad leaders.
•             Stakeholders should beware of the superstar CEO. Often, he gets a great deal of press attention, he writes a book, his remuneration goes up, but the performance of his company ultimately goes down.
•             It is important to focus on a leader’s character attributes when hiring and understand how he copes when faced with high-stress situations.

The framework provided by our Values of Positive Leadership™ offers a solution to these challenges.  Such an approach enables business strategy and corporate transactions to be executed successfully, thereby delivering optimum results in situations of high pressure. 

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