59.6 F
Washington D.C.
Wednesday, October 20, 2021
spot_img

Leading with Character: A Matter of Ethics Part Two

Those who swear or affirm an oath should accept and adhere to a higher burden of responsibility and accountability in performing their duties.

Last week, I talked about the ethics of Reserve Bank presidents trading stocks while making monetary policy during the COVID crisis. This week, the news brings us yet another ethical matter: federal judges hearing cases despite having a financial interest.

According to reporting in the Wall Street Journal, more than 130 federal judges violated U.S. law and judicial ethics by presiding over court cases featuring companies in which they or their families owned stock. Judges are supposed to recuse themselves in these cases. The Wall Street Journal found that judges presiding over such cases, when contested, ruled about two-thirds of the time in favor of their or their families’ interests.

The Power of Knowledge

Many of the judges stated they were not aware of their or their families’ financial holdings. But should ignorance be an excuse? The other side of that coin might be, if a federal judge is unable to keep track of his or her holdings, why does he or she choose to own individual stocks? The surefire way to avoid any perception of impropriety would be to use another investment vehicle.

The Power of Accountability

Those who swear or affirm an oath should accept and adhere to a higher burden of responsibility and accountability in performing their duties. Federal judges take an oath that contains the following words: “that I will faithfully and impartially discharge and perform all the duties incumbent upon me.” Impartial is the key word. To perform their duties impartially, they can’t have an interest, even if it is just a perceived interest, in the outcome.

The Power of Trust

Of the three branches of the U.S. government, the legislative, executive, and judicial, the judicial branch is the one expected to be impartial. The public should trust that judges are not swayed in their decision-making by outside factors, be it financial interests or others. Preserving trust in our judicial system is key to upholding our democracy.

Look in the mirror. As a leader of character, do you keep informed, hold yourself accountable, and seek to build trust every day?

Please join me again next week for more on Leading with Character.

Sandra L. Stosz
Vice Admiral Stosz, a Homeland Security Today editorial board member, started out in the U.S. Coast Guard as an ensign serving on polar icebreakers, conducting national security missions from the Arctic to the Antarctic. Her 40-year career is filled with leadership lessons gleaned while breaking ice and breaking glass as the first woman to command an icebreaker on the Great Lakes and to lead a U.S. armed forces service academy. She finished her career as the first woman assigned as Deputy Commandant for Mission Support, directing one of the Coast Guard’s largest enterprises. She has lectured widely on leadership, and has been featured on CSPAN and other media outlets. In 2012, Newsweek’s “The Daily Beast” named Vice Admiral Stosz to their list of 150 Women who Shake the World. Proceeds from “Breaking Ice and Breaking Glass: Leading in Uncharted Waters” will be donated to the US Coast Guard Academy James M. Loy Institute for Leadership.

Related Articles

STAY CONNECTED

- Advertisement -

Latest Articles