Month: August 2014

2015 World’s Most Ethical Companies® Recognition Program Opens September 15

Posted on by Ethisphere

New analysis demonstrates clear correlation between ethical values and financial performance.

New York, NY – August 27, 2014 – Ethisphere, the global leader in defining and advancing the standards of ethical business practices, announced today the launch of the 2015 World’s Most Ethical Companies® recognition program. Ethisphere will host a webcast on Friday, September 12, 2014 at 1:00 p.m. ET for those interested in learning more about the process, changes to the Ethics Quotient (EQ™) questionnaire and a new scorecard that will provide more meaningful feedback to organizations.

The World’s Most Ethical Companies designation, now in its ninth year, recognizes organizations that understand the value that permeates throughout an entire community of employees, customers, investors and the public at large when words about ethics, compliance and good governance are translated into action. “Ethisphere’s tenet that ‘ethics drives performance’ resonates with us and aligns with Marriott’s approach to doing business continually with integrity,” said Arne Sorenson, President and Chief Executive Officer of Marriott International, Inc., a seven-time honoree.

Ethisphere’s longstanding belief that there is a correlation between ‘ethics’ and ‘the bottom line’ – that achieving commercial success in ways that honor ethical values has a proven positive impact on financial performance – has been bolstered by a recent analysis. Results indicate that the honorees perform at least as well as – and better than – the S&P for the 5 and 10 year periods ending December 31, 2013 – 21% vs. 18% for the 5-year period with a 54% premium for the 10-year period.

The Application Process and Resulting Feedback
Organizations complete a nomination form and the EQ questionnaire. This year Ethisphere will require supporting documentation that must be received before December 15, 2014. The last step in the process is Ethisphere’s legal and reputational review. Honorees will be announced on March 9, 2015 at a gala dinner in New York City.

Following the announcement of honorees, all those who complete the EQ questionnaire will receive a scorecard comparing their overall EQ and scores on 18 key questions and 5 categories to those of the honorees. The benefit of such a temperature check against World’s Most Ethical Company honorees is a valuable tool for all companies. According to Jill Witter, Senior VP, General Counsel and Ethics and Compliance Officer, Novation, a three-time World’s Most Ethical Company honoree, “We view the award as a means of us benchmarking ourselves and ensuring that we are continuing to be a best in class type of company in terms of our compliance programs”.

To nominate your organization, visit: https://ethisphere.com/worlds-most-ethical/nominate-for-wme/.

To register for the September 12 webcast, visit: https://cc.readytalk.com/r/cpgl2vofppze&eom.

In 2014, Ethisphere honored 144 organizations from 41 industries including 21 first-time honorees. Honorees included the largest group of organizations based outside the U.S. – 38 organizations from 21 countries and 5 continents.

More information is available at https://ethisphere.com/worlds-most-ethical/wme-faq/.

The Ethisphere® Institute
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com.

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Ethisphere Media Contact
Clea Nabozny
480.397.2658
Clea.Nabozny(a)ethisphere(dot)com

Ethisphere Delivers First Issue of World’s Most Ethical Companies® Executive Briefing

Posted on by Ethisphere

New quarterly publication features insights from CEOs, senior executives and recognized global thought leaders and focuses on how high ethical standards can drive improved performance

New York, NY – August  7, 2014 – Ethisphere, the global leader in defining and advancing the standards of ethical business practices, this week released the premier issue of “The World’s Most Ethical Companies® Executive Briefing.” This quarterly publication, created by and for senior level executives and boards, is designed to drive conversations in the C-suite about the important role ethics plays in driving high business performance.

Companies who have achieved Ethisphere’s designation as World’s Most Ethical Companies have demonstrated the importance of correlating business performance to ethics leadership. They find that they attract and retain better employees, investors, suppliers and customers. Executive Briefings feature the insights from senior executives at these companies as well as other recognized thought leaders globally, with the goal of helping other organizations improve their performance.

“We believe that business ethics is not a discussion topic that exists or should exist in the compliance or risk management silos in an organization. Business ethics is a fundamental concept that drives business decisions, culture and performance,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “We’re humbled by the authors who are contributing to this discussion and setting the pace for the current and next generation of business leaders, and believe that “The World’s Most Ethical Companies Executive Briefing” will be a fundamental tool in providing insight into how high-value business ethics can fuel corporate change and growth that makes a significant global impact.”

The inaugural Executive Briefing features articles from leading professionals and organizations on a variety of topics from how brands must and can earn trust to the role anti-corruption programs play in advancing human rights and developing stable global markets. Articles include:

  • “Building a Brand Based on Trust” by Brian Goldner, President & CEO, Hasbro, Inc.
  • “Is Privacy Obsolete?” by John Hooker, Professor of Business Ethics & Social Responsibility, Tepper School of Business, Carnegie Mellon University
  • “Legacy: What CEOs Say They Want to Leave Behind” by Dennis Chesley, Global Risk Consulting Leader, PwC
  • “Ethical Behavior and Leadership” by Michel M Liès, Group CEO, Swiss Re
  • “Anti-Corruption Compliance: Not Only Good for Business” by Lanny Breuer, Vice Chairman, Steven Fagell, Co-Chair, Global Anti-Corruption Practice Group, & Anthony Vitarelli, Associate, Covington & Burling LLP
  • “Your Value as Chief Engagement Officer” by Ben Boyd, Deputy Chairman, Practices & Sectors, Edelman
  • “Declining Trust: The Scourge of Business” by Huguette Labelle, Chair, Transparency International

In 2014, Ethisphere recognized 144 companies in 30 countries with its World’s Most Ethical Companies honor, distinguishing companies with superior achievements in transparency, integrity, ethics and compliance. The full list of the 2014 World’s Most Ethical Companies can be viewed here: https://ethisphere.com/worlds-most-ethical/wme-honorees/.

Subscribing to the Executive Briefing

Senior executives at World’s Most Ethical Companies and Ethisphere’s Business Ethics Leadership Alliance (BELA) will receive complimentary subscriptions to the Executive Briefing. An annual subscription to “The World’s Most Ethical Companies Executive Briefing” is $49.95, which will be delivered quarterly.

To subscribe visit: https://ethisphere.com/subscribe/

Senior executives may submit articles for consideration by contacting Nicole Thomas, Managing Editor, at: [email protected].

The Ethisphere® Institute

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com.

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Ethisphere Media Contact
Clea Nabozny
480.397.2658
[email protected]