AUTHENTIC

LEADERSHIP
MEMBERS:
• CHITA MATUNOG
• CHENDIE MAYA
• ANGELICA NORO
BILL GEORGE (2003 , 2007)

As a style that is consistent with a

leader’s personality and core values,
and that is honest, ethical and
practical.
FIVE DIMENSIONS
 PURSUING PURPOSE WITH PASSION
 PRACTICE SOLID VALUES
 LEAD WITH THE HEART
 ESTABLISH ENDURING RELATIONSHIP
 DEMOSNTRATE SELF - DISCIPLINE
CHARACTERISTICS
 PURPOSE – PASSION
 VALUES – BEHAVIOR
 HEART – COMPASSION
 RELATIONSHIPS – CONNECTEDNESS
 SELF DISCIPLINE - CONSISTENCEY
LIBOR SCANDAL
 London Interbank Offered Rate
 LIBOR rates are set by certain
banks including Barclays
 LIBOR rate followed by banks
worldwide
 Huge gap between Bank of England
rate (red) and LIBOR (blue)
 Gap driven by false (rigged) rates
submitted by banks
 False rate submission were
tolerated by bank executives
because their bonuses depend on
bank profitability
BARCLAYS

BOB DIAMOND
Banker
CEO of Barclays – 1996-2012
Barclays fined 290 million pounds
in 2012
Resigned in 2012, forfeited his
bonus for the year
BARCLAYS AND BOB DIAMOND
 2008 financial crisis, banks bailed by governments (therefore, by taxpayers) to stay afloat
 When Diamond became Barclays CEO in 2010, he used “good citizenship” as a theme of his leadership
 “Good citizenship” means, according to Diamond, to strictly enforce regulations
 LIBOR rate scandal surfaced in 2012
 Barclays executives implicated in scandal
 Public believe that excess bonuses drove banks to tolerate irregularities
 Diamond was head of the unit involved in a previous tax scandal, and then as CEO in the 2012 LIBOR rate
scandal
 Barclays fined 290 million pounds, its share price plummeted, Diamond resigned as CEO and forfeited his bonus
of 60 million pounds
JAMES “JES” STALEY

American banker
34 years at JP Morgan
Group Chief Executive of Barclays
Appointed December 2015
HOW WOULD YOU DESCRIBE THE AUTHENTICITY OF BOB
DIAMOND’S LEADERSHIP?

•Bob Diamond clearly has no regard for his authenticity as a leader.

Although he was an effective leader, he was a bad one. He let
himself get involved in scandals. Therefore, Diamond’s leadership
approach is the antithesis or opposite of authentic leadership.
WHAT ARE THE DRAWBACKS OF DIAMOND’S LEADERSHIP
APPROACH?

•Bob Diamond’s leadership lacks authenticity and integrity. His

involvement in controversies cost him his position as CEO of
Barclays and even compromised the reputation of the company.
HOW IMPORTANT IS AUTHENTICITY FOR JES STANLEY IN
IMPROVING THE REPUTATION OF BARCLAYS?

•In the involvement in a whistle-blowing scandal, Jes Stanley’s

behavior fell short of the standard expected of a CEO. If he was
trying to improve the reputation of Barclays, he should have been
more careful with his action and more serious so as not to
undermine his credibility.