Following Your Own Moral Compass

BBVA CEO Carlos Torres Vila advises GEMBA Class of 2017 graduates to be “genuine”

06/06/2017 Barcelona

Carlos Torres Vila (BBVA) | IESE Business School
BBVA CEO Carlos Torres Vila to GEMBA 2017 graduates: “Being genuine is necessary for trust to be able to form as well. Group think, inertia, and accommodation are not good things.” / Photo: Jordi Estruch

“In my experience, I have found that the single most important trait for success is to be genuine. It is a simple and profound concept: to say what you really think and not what you think someone else wants to hear.”

Those were words of advice from Carlos Torres Vila, chief executive officer of Spain’s  BBVA, to the Global Executive MBA Class of 2017, which graduated on Friday. Torres Vila was the keynote speaker at the graduation ceremony for 46 particpants from 26 countries.

“Being independently minded allows you to make the tough choices necessary to accomplish what you believe in,” he said. The CEO said that on two key professional occasions, being genuine was what allowed him to set himself apart and stay true to what he believed was the correct, moral thing to do.

In both cases, Torres Vila said he felt obliged to resign from companies due to questions related to personal principles. While it was difficult at the time, he urged graduates to have the courage to “do what is right, not what is convenient” and to “be true to the values of the institution and to never lose sight of the true north”.

“Do not confuse loyalty to colleagues with the true north,” he warned. Recognizing that following one’s moral compass can be risky because it does not always sit well with everyone, he also encouraged the participants: “It is rewarding both morally and professionally because it feels good and allows you to think more critically.”

“Being genuine is necessary for trust to be able to form as well. Group think, inertia, and accommodation are not good things,” the CEO of one of Spain’s largest banks said. Rather, when necessary, “disagreeing with your superiors will be what makes you distinctive. Believe me when I say being genuine is not that common and its highest value is when it is most challenging.”


Strong Values for a Better Tomorrow

Ignacio Fuente, president of the GEMBA Class of 2017, reiterated in his address to his classmates the importance of staying true to one’s values as well and the personal change the IESE experience has brought them.

“We started the GEMBA program with different objectives. Some of us aimed to prepare specific professional dreams, others hoped to explore new career opportunities or get promoted, while others wanted to quit their previous jobs, like myself. Yet the program brought us together and changed us,” Fuente stated.

The GEMBA program takes place over 16 months and in five international work modules.

“Every company visit or trip to another continent taught us something completely new. These learning experiences reinforced our values and helped us become better people, capable of contributing to make the world a better place,” Fuente said.

“We challenged our views and deliberated the kind of world we want to live in. And now we have so much more to offer our families, friends, communities and society as a whole.”