Sigma CEO, Elmo de Alwis, resigned because he wanted to take responsibility for 'not doing what we said we would do'. He reported to Khia Mercer and Nabila Ahmed of the Australian Financial Review on Friday 16th April "The thing about leadership is that you have to take responsibility, you can't pass it on to somebody else".
What a refreshing change to the complete lack of trusted leadership we have seen over the last 2 years. Although Sigma has been experiencing issues and there have been changes in industry conditions and pharmaceutical benefits scheme reform, this CEO was prepared to fall on his sword to allow a 'fresh set of eyes' in the leadership of the company.
Being truly trustworthy is not for the weak or fainthearted, it takes guts, but what I love is that he recognised that there must be a consequence to breaking down the trust of others. The ultimate consequence was him stepping down.
Are you prepared to do what it takes to be a trustworthy leader?