Ethisphere Unveils Exclusive Research From the 2018 World’s Most Ethical Companies®
Upcoming Webcast to Discuss Lessons, Findings, and Trends Among Leading Companies
NEW YORK, April 19, 2018 – Ethisphere, a global leader in defining and advancing standards of ethical business practices, released its highly anticipated Leading Practices and Trends from the 2018 World’s Most Ethical Companies report, which captures and codifies leading practices of organizations across industries and around the globe.
In conjunction with the report’s launch, Ethisphere will also host a free webcast on April 26, 2018, at 1:00 PM ET to present the results of the 2018 World’s Most Ethical Companies® survey. The presentation, titled “Insights and Trends from the 2018 World’s Most Ethical Companies” led by Ethisphere’s Executive Director for the Business Ethics Leadership Alliance (BELA) Erica Salmon Byrne and Douglas Allen, Managing Director of Data & Services at Ethisphere, will highlight the growing focus on measuring culture, the latest governance trends, the value of whistleblower protection, and how diversity impacts effectiveness in the boardroom.
Since 2007, Ethisphere has honored companies who drive positive change in the business community and societies around the world. The selection process is guided in part by Ethisphere’s proprietary Ethics Quotient® questionnaire, an assessment consisting of more than 200 questions that measure a company’s compliance and ethics program, efforts to measure culture, governance practices, and citizenship and sustainability initiatives. The data obtained from survey participants is used to create an informative report that provides detailed findings of leading practices that stakeholders are expecting and investors are rewarding. According to this year’s report, companies that lead the business ethics environment not only fare better in terms of business success, but they also serve as an inspiration for others with less mature programs to place a greater focus on diversity, ethics, and culture.
“Each year the World’s Most Ethical Companies process gathers a treasure trove of information from participating companies about their practices. This year’s survey results clearly show that organizations looking to improve their business performance should first seek to improve their culture,” explained Byrne. “With each survey it becomes more apparent that if companies want to maximize profits, maximize revenues, and minimize risk, maintaining a culture of ethics must be part of their overall business plan. We intend to continue this data-driven conversation in our upcoming webcast, which will take participants through detailed findings of the report with a focus on the power of diversity, building trust through transparency, the importance of whistleblower protection, and, of course, measuring the impact of a strong ethical culture.”
All webcast registrants will receive their own copy of the Leading Practices and Trends from the 2018 World’s Most Ethical Companies report, full of actionable data that will interest Chief Legal Officers, General Counsels, and compliance practitioners everywhere. Webcast topics include:
- Diversity at the leadership level: The median honoree reports that their Board or governing authority is comprised of 25 percent women members, a number that far and away exceeds most published studies.
- Honorees are doing more to measure culture: Honorees report using an average of six different methods for measuring their culture internally. The most significant increase is in the number of companies conducting physical site visits to assess and measure culture.
- Organizational justice: How companies are building trust using transparency into the reporting and investigation processes.
- Enhanced commitment by honorees to protect whistleblowers: Since 2016, every measurable analysis in our report regarding protecting whistleblowers has seen a consistent increase, demonstrating honorees’ commitment to ensuring they are fully informed of potential problems by protecting those who raise concerns.
“Companies measure everything from revenues to sales to expenses, but not every company is measuring culture—the key element that impacts each of those traditional ingredients to success,” Allen said. “Our research shows that progressive and successful companies are measuring culture, and the data we will share during our webcast will make it abundantly clear that honorees are serious about using these metrics to guide their practices to achieve greater integrity and performance”
Receive your complimentary copy of the Leading Practices and Trends from the 2018 World’s Most Ethical Companies report by registering for the upcoming webcast by clicking here.
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 Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs, including Ethics Inside® Certification and Compliance Leader Verification™. More information about Ethisphere can be found at https://ethisphere.com.