Chief Religious Officers (CROs) could be the way forward for scandal-hit companies according to findings by high-level US government officials and religious leaders
A new style of ‘C’-class corporate officer is being introduced to US business following talks between the Securities and Exchange Commission (SEC) and interdenominational US church leaders.
Concerned by the scandals overwhelming boardrooms, the SEC and religious groups have decided that companies should appoint a Chief Religious Officer (CRO).
“CROs are ordained ministers of recognized churches and have similar responsibilities relating to a company’s moral compass as a CFO has in advising about financial requirements,” said an SEC statement.
The dilemma facing US companies was pointed up when HP was advised by two lawyers that the practice of ‘pre-texting’, or impersonation in order to access confidential records, was legal. That advice is now under question. But HP’s CEO has resigned, not least because the practice was morally distasteful.
Recently Apple is alleged to have produced false records of a non-existent board meeting authorizing inappropriate stock options which had been issued to CEO Steve Jobs.
In the high-tech industry, a spate of CEO resignations have followed investigations into the practice of putting false dates on stock options to maximize gains while minimizing tax liability.
“My job is to keep the company on track morally, just as the CTO keeps our technology on-track, and the CEO guides us strategically”, said the CRO at a Silicon Valley IC company, Reverend Aylno Ekoj.
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