Thinking about Transparency, the image that immediately comes to mind is that of a window pane; clean, clear and visible. Everyone ought to able to see through it. This is its natural characteristic or quality. And to ensure the window performs its ‘duty’, we are self-tasked to keep it clean, giving it the regular wipe with the ‘soap and sponge’.
In the workplace and society, this is no different. It is no different because as human beings, there is something about the clarity, cleanliness and see-through character of the window pane that we expect professionally and socially, and indeed, are self-challenged to role-model in our day-to-day relations with each other.
Take the issue of financial reward and equal pay, for example, an issue that has now been brought to the forefront of all best practice organisations globally. It is approximately four decades since Equal Pay became a recognised issue across the globe, yet men still earn more than women in nearly 90% of job categories in the UK specifically – according to analysis carried out by the Guardian. This is replicated across other world economies. Indeed in the UK, men take home higher pay than women in 370 of the UK’s 426 job classifications. Furthermore, in Australia, there have been recent questions with regard the absence of women in the decision-making process in issues to do with Defence, an issue linked directly to pay inequality, amongst other things. Continue reading
David Cameron stepped into the issue of Executive Pay last week on the Andrew Marr Show, and the topic has once again graced the media airwaves. Frustrated at what he called ‘excessive executive salaries’, Cameron argued that his concerns were not so much that Directors within the FTSE 100 earned what they did, but that they earned what they did despite clear corporate market failure. Here are some statistics: between 2008 and the end of 2011, a period of deep economic downturn, figures suggest that whilst pay for the average worker either fell sharply or at best flat-lined, that of Board Directors almost doubled, going up by 49%. Indeed, further evidence suggests that pay rises were born more out of the somewhat accepted state of affairs whereby fellow Board Directors simply rubber-stamped each others inflated s alaries or what is termed ‘Merry-go-round capitalism’ based on a cronyism of ‘old boys’ networks. Of course, this is all to be understood within the backdrop of the fact that executive pay in the UK over the last 20 years has gone up 8 times, the highest in the world, even more than America
The intention here, however, is not actually to directly castigate the practices described above – am sure this has been done several times over. Rather, I actually want to highlight the implications of such practices showing how they negatively impact the very fabric of business ethics. David Cameron used two very interesting words in this regard which rang true to me: ‘Transparency’ and ‘Fairness’. I add a third, ‘Inclusivity’. Continue reading