Legal and Ethical Considerations for Interim Managers

by | Nov 8, 2023 | News & Insights

Accountability is the cornerstone of interim management. Embrace this approach to unlock a new perspective on the paramount importance of legal and ethical considerations and to view them as opportunities rather than obstacles. Many seasoned interim managers might not acknowledge it, but one of the most challenging aspects of their role is not the leadership itself but navigating the complex landscape of legal and ethical considerations with unwavering integrity.

  1. A comprehensive understanding of the laws and regulations in your industry is essential. This ranges from employment laws to data protection; ensure you are thoroughly informed about all pertinent legal requirements. Keep abreast of legislative changes and adapt your practices accordingly. Ignorance is never a defense. When in doubt, seek expert advice.
  2. Safeguard Confidentiality. As an interim manager, you will have access to confidential information. Protecting this data is not just a legal mandate but an ethical imperative. Implement agreements that secure the company’s proprietary information.
  3. Ethical awareness transcends mere knowledge of right and wrong. It involves recognizing the nuances of ethical dilemmas and making informed decisions in response to them. This awareness is honed through ongoing education, training, and introspection. We advocate the ‘Ethical Mirror’ approach: continuously reflecting on our actions, decisions, and conduct through the lens of ethics. Before every significant decision, ask yourself, ‘Would I be confident of its ethical integrity under public scrutiny?’ A positive answer indicates you are on the right path. Otherwise, reevaluate your decision.
  4. Develop a Compliance Framework that provides a structure aligning all activities with legal and ethical norms. This should include policies, procedures, and controls that guide both your role as an interim manager and the broader organization.
  5. Embrace Transparency. Transparency is critical for maintaining stakeholder trust. It requires openness about decisions, actions, and their rationales, particularly when they have substantial organizational implications.

As interim managers, your responsibility extends beyond leading; you must also exemplify integrity. By adhering to these guidelines, you can fulfill your duties not only effectively but with the utmost legal and ethical standards. Let’s lead by example and effect meaningful change.