The Ethics of Transparency

A couple of days ago, I was in a meeting where we were discussing said group’s financials. At the initiation of the meeting, the group’s president said that they were interested in doing everything “on the up and up” and wanted nothing but “complete transparency”.

A man stands scratching his head, trying to decide if he should go in the direction of ethical or legal.
Ethical vs. Legal

Further into the discussion, facts were presented that were known by some, but not all present. (All facts are stated below. I did not engage in cherry picking.)

  • Said group’s president is also owner/CEO of the only company that is financially benefited by the group’s fundraising activities.
  • There is no SOW/contract in place between the group and that company. This one way financial relationship has existed for years.
    • Consequently, there is no way to justify expenses to any of the group’s current/future financial contributors.
  • The president of the group possesses a debit card linked to the group’s bank account.
  • The group’s mission

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‘Going with your gut’ is not a ‘business strategy’.

Here’s a link to my latest article on LinkedIn. If you’d like to read the article in entirety here, look below the link.

‘Going with your gut’​ is not a ‘business strategy’​

So, two days a go I was scrolling through my IG feed and I saw this: I was instantly distressed. Let me tell you why.

My latest article on LinkedIn

So, two days a go I was scrolling through my IG feed and I saw this:

Text that says "Sometimes, simply going with your gut is the best business strategy there is."

I was instantly distressed. Let me tell you why.

First, ‘going with your gut’ is not a good thing in business. In your personal life, sometimes, sure. But in business, no. No, no, no- especially if you have investors or are looking to attract them. Investors are not going to like the idea of ‘gut’ decision making because

  • you can’t measure ‘gut’.
  • you can’t calculate ROI on ‘gut’
  • there’s no way to

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