Richard K. Davis, chairman and chief executive officer of U.S. Bank shared his views on the importance of regulating ethical business behavior with Belmont students, faculty and Nashville business leaders on Monday, March 26.
Davis began his campus visit with a convocation lecture titled “Business Ethics & Responsible Banking Today” presented to students in Beaman A&B.
“Ethics can be learned now. What I can’t drill into your head is when a lot of people are doing little things wrong, you will want to draw the line on when it will end. You can draw the line in the sand now that you will adhere to as you begin practicing business,” he said.
Davis emphasized the need to create a business culture with consistent values and regular audits as the cornerstone to long-term success. He encouraged government regulation on ethical business practices, such as shareholder access and whistleblower incentives to promote honesty, integrity and transparency. He also summarized the evolution of corporate responsibility from 1919 to the present.
“Making money is not a bad thing, because capitalism is what got America where it is today, as long as you do it the right way with honesty,” Davis said.