ABSTRACT

In recent years, there has been something of a moral meltdown in the corporate corridors of power. Few sectors have escaped high profile scandals, with public officials and business leaders guilty of malpractice, duplicity, fraud and corporate malfeasance. Despite the global chaos created by the 2008 global financial crisis, it was concluded by an International Monetary Fund review several years later that the financial reform agenda is still only half-baked. Despite the global chaos created by the 2008 financial crisis, it was concluded by an International Monetary Fund review several years later by that the financial reform agenda is still only half-baked at best. In the UK National Health Service, two public inquiries into the Mid Staffordshire hospital scandal carried out by Robert Francis QC, identified a range of performance management problems that persisted. He concluded that a focus on achieving externally set targets had largely left a culture of bullying and secrecy untouched.