I am in Cape Town, South Africa, a beautiful city in a beautiful country with fantastic natural and human resources that is often hobbled by massive challenges. Violent crime runs rampant here with over 15,000 carjackings and over 40,000 murders per year. Xenophobia has led to refugees from Zimbabwe and Mozambique being burned alive. And racial tension is as extreme as the economic tension between extraordinary wealth in first-world white neighborhoods and third world despair in black townships filled with aluminum shacks. The government in Pretoria is as corrupt as anywhere else in Africa and the police are so distrusted that most people use private security services.
In one of the most beautiful countries on earth with so much potential it is not the lack of economic opportunity that holds this nation back - it is the lack of trusted leadership. Good Governance isn't taught in Universities, isn't part of UN stewardship programs, and isn't on the agenda of the G7, World Bank, or IMF, but it is Bad Governance that holds most of the world back from real progress for its citizens.
Trusted Leadership is even more important that Trusted Information, because without capable leadership the best information will still be corrupted to benefit individual ambition over collective good. The global financial crisis is a fantastic example. In Wall Street and in Washington, in Brussels and across the EU, this economic downturn illustrates a systemic leadership deficit that stretches from regulators to the regulated.
Even Sarbannes-Oxley is a complete failure. It was designed after all to prevent corporate failures such as Enron, MCI, and Tyco, but the new accounting rules did nothing to prevent the global financial system from being systemically manipulated by powerful bank and government leaders to serve their own purposes.
Bad regulation is a symptom of bad governance. What the world needs now more than anything is a new dialog on Good Governance and Trusted Leadership because without it real progress is not possible.[Read More]
Adler on Data Governance
From archive: October 2008 X