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Amy Edmondson

Amy Edmondson

Professor Edmondson is the Novartis Professor of Leadership and Management at Harvard Business School, a chair established to support study of human interactions that lead to the creation of successful enterprises and the betterment of society. She studies leadership, psychological safety, and organizational learning.

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Gary Cohn

Gary Cohn

As Assistant to the President for Economic Policy and Director of the National Economic Council (2017-2018), Gary Cohn managed the US economic policy agenda, stimulating economic expansion, job creation, and wage increases through historic tax and regulatory reform. Prior to that he was the President and Chief Operating Officer at Goldman Sachs where he worked for more than 25 years.

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Klaas Knot

Klaas Knot

Klaas Knot is President of De Nederlandsche Bank and is the Chair of the Financial Stability Board. He is also a member of the Governing Council and the General Council of the European Central Bank, member of the European Systemic Risk Board, member of the International Monetary Fund's Board of Governors and a member of the Board of Directors of the Bank for International Settlements.

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Axel Weber

Axel Weber

Axel Weber is the past-Chair of UBS and the past-President of the German Bundesbank and a member of the European Central Bank Governing Council from 2004 to 2011. He is a member of the Group of 30.

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Culture as Contagion

Culture as Contagion

by Nicholas Christakis

Professor of Biosocial Science, Network Science, & Behavior Genetics, Yale

Mar 26, 2019

Compendium

Behavioral Science Network Science Behavioral Contagion Complexity Science Our View Culture & Performance Culture & Conduct Supervision Managing Culture & Conduct for Good Governance Hayne Royal Commission

With the Hayne Royal Commission having issued its final report, executives across the Australian financial sector are asking how to correct circumstances that led to past misconduct. Budgets for governance, risk and compliance measures will swell, but those added resources are not likely to produce the desired result without a reappraisal of what drives human behavior within firms.

Management theory, as it is applied among firms worldwide, persistently elevates the importance of incentives in driving employee behavior. These incentives are seen as primarily financial. Moreover, they also presume the well-known “rational actor” model of human behavior. This results in the belief that, if incentives are properly “aligned,” all will be well and that the optimal way to motivate behavior is one- employee-at-a-time.

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