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Owen Ryan
Co-Chief Executive Officer & Chairman of the Board, BLACKLINE INC

Is it legal vs. Is it right: Owen Ryan

🎥 Feb 27, 2017 📺 Notre Dame Deloitte Center for Ethical Leadership ⏱ 1m 👁 307 views
Owen Ryan, CEO of AERS Advisory, Deloitte, describes a positive development he has noticed in the business community in ...
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About Owen Ryan

In a 2021 discussion on technology in accounting and finance, Ryan said he was excited by the evolution of technology's role in the field, describing it as "rapidly become more integrated, more impactful, more relied upon to make decisions." He stated that this has created a new skill set that students and professionals need to be successful, and noted his own experience pairing business knowledge with technology knowledge through coursework in data analytics and data mining, as well as working with computer scientists and engineers on startups using machine learning and artificial intelligence. Ryan said he was grateful to explore this through the school of accounting and finance and that understanding both sides allows him to understand where he adds value in an organization. In a 2017 interview, Ryan discussed a shift in the business community from asking "is it legal" to "is it right." He said that in some industries, people previously interpreted rules and regulations to see if they could "get away with it," but that increased regulation, more aggressive regulators and boards, and diminished tolerance for poor behavior have led professionals to ask themselves "is it right." Ryan stated that this lens is "good for business and that's good for the capital markets and good quite frankly for the individual."

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Transcript (1 segments)
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Owen Ryan0:01
You certainly have seen in the last number of years this idea of is it legal versus is it right. I think there was a period of time in some industries where people would sort of interpret the rules and regulations and the idea, well, can I get away with it because it's legal or there's unclear rules and regulations. Maybe it's growing up, but that's really not the way business should be conducted in any way, shape, or form. What you see now from increased regulation is the regulator becoming much more aggressive, boards of directors becoming much more aggressive, the tolerance for poor behavior significantly diminished. Professionals are beginning to ask themselves, is it right? I think that is in fact the question that people should be asking. If this was in the light of day, how would people think about it? Not everybody would always agree with the answer, but certainly when you start to put it through that lens, a lens with a lot of light shining on it, you would start to think about things a little bit differently, I believe anyway. I think that's good for business, good for the capital markets, and good, quite frankly, for the individual. It makes their life a lot easier to succeed.