Thought Sparks with Rita McGrath: 'corporate corruption does not stem from a few bad actors but is baked into the structure of poorly designed corporate governance systems'

Columbia Business School professor and Thinkers50 Top 10 strategist Rita McGrath drops her Thought Sparks Podcast episode with Eric on launch day — financial gravity, shareholder primacy vs fiduciary duty to customers, and value creation beyond extraction.

“What if we reframed how we think of corporate corruption? Next week on the Thought Sparks Podcast, Eric Ries will be joining me to share the findings of he new book, Incorruptible: Why Good Companies Go Bad... and How Great Companies Stay Great. His thesis is that corporate corruption does not stem from a few bad actors or scandalous headlines, but rather, it's baked into the structure of poorly designed corporate governance systems. We discuss how financial gravity invisibly corrupts organizations, the push and pull between shareholder primacy and fiduciary duty to your customers, and what it looks like to create value beyond extraction and free of corruption. His episode, and the book, come out May 26.” — Rita McGrath on LinkedIn