In the wake of the scandal involving the IMF’s Dominique Strauss-Kahn, the CEOs and business leaders on the COMPAS business panel take a tough line about financial, sexual, and political propriety as requirements for holding high office in international agencies.
Almost all believe that a candidate should be disqualified if he or she has a history of financial impropriety. A clear majority believes that a candidate should be disqualified if the candidate is too close to unsavory regimes like China or Iran or has a “history of accosting women but no history of being charged and convicted.” A candidate does not have to be convicted of an offence to be disqualified, say panelists.
The IMF’s managing director’s post should not be reserved for a European but should be open to any individual strictly on the basis of merit.
The Strauss-Kahn scandal is unlikely to have long-term effects on the IMF’s reputation, say panelists.
These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine.