BALTIMORE, MD – May 9, 2012 – Legg Mason earned the coveted Anti-Corruption Program Verification from the Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance.
Ethisphere’s Anti-Corruption Program Verification offers objective, independent verification of a company’s anti-corruption program and initiatives, including a comprehensive review of policies, procedures, training, communication, controls and enforcement.
Anti-Corruption Program Verification can only be earned by companies that are able to prove they have designed, implemented, and enforced a robust, best-in-class anti-corruption program that is capable of reasonably detecting and preventing bribery and corruption. For more information about this and other programs, please visit http://www.ethisphere.com/anti-corruption-program-verification/
“Corpedia was consistently impressed during the course of the review process with Legg Mason’s culture and particularly its commitment to its long-standing ‘no chalk’ philosophy,” said Erica Salmon Byrne, Senior Vice President, Compliance Advisory Services and Assistant General Counsel of Corpedia, one of Ethisphere’s licensed credentialing partners. “Legg Mason has incorporated this viewpoint into its training, its communications and its evaluation process, and the impact on employees was clear.”
About Legg Mason
Since its founding in 1899, Legg Mason has evolved into one of the largest asset management firms in the world, serving individual and institutional investors on five continents. Today’s Legg Mason is a diversified group of global asset management firms (“affiliates”) who are recognized for their proven investment expertise and long-term performance. The principal investment affiliates of Legg Mason are among the industry leaders in their respective areas of specialization, with unique investment approaches that have been developed over decades. The distinctive Legg Mason “multi-affiliate” business model provides clients with a broad spectrum of Equity, Fixed Income, Liquidity and Alternatives solutions, from mutual funds to college savings plans to variable annuities to separately managed accounts. Visit Legg Mason at http://www.leggmason.com
About Ethisphere Institute
The research-based Ethisphere® Institute is a leading international think tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere Magazine, which publishes the globally-recognized World’s Most Ethical Companies® ranking, is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. The Institute’s premier membership group, the Business Ethics Leadership Alliance™, is a business ethics forum that includes more than 100 leading corporations, universities and institutions that collectively leverage their experience, expertise and innovative ways to address emerging compliance challenges. More information on the Ethisphere Institute, including ranking projects and membership, can be found at www.ethisphere.com.