Turney Stevens, dean of Lipscomb's College of Business, explains why it's important for leaders of small companies to do the right thing
When Lipscomb University in Nashville contemplated opening a business ethics institute in 2008, its backers could hardly have foreseen how timely and relevant it would be. Turney Stevens, dean of Lipscomb's College of Business, says he has noticed increasing ethical lapses in business dealings during his career as an investment banker and public company director. He spoke recently to Smart Answers columnist Karen E. Klein about the need to restore the study of business governance and how entrepreneurs must make ethical choices daily. Edited excerpts of their conversation follow.
This fall, Lipscomb University launched the Dean Institute for Corporate Governance & Integrity. It opens at a time when enormous fraud is being uncovered in our financial system—not only outright crimes but also underlying assumptions and practices that seem to have been all about short-term gain without consideration for the long-term implications. Have you seen business ethics deteriorate over your career?
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