Microsoft President & CLO Brad Smith and Deputy GC David Howard Join Ethisphere for an Examination of Trust in Today’s Business Environment

Microsoft leaders shine the spotlight on social purpose, the importance of culture, and the power of corporate voice.

New York, NY – February 15, 2018 –  The Ethisphere Institute, a global leader in defining and advancing standards of ethical business practices, joined Microsoft President and Chief Legal Officer, Brad Smith, and Microsoft Head of Litigation, David Howard, for a behind-the-scenes conversation at the headquarters of the iconic tech company and industry pioneer.

Under the premise of companies sharing leading practices and communally working to improving corporate behavior, Ethisphere has served as a convener of respected institutions, like Microsoft, to examine the purpose and values behind a wide range of business objectives. Ethisphere CEO, Tim Erblich, and Ethisphere EVP and Executive Director for the Business Ethics Leadership Alliance (BELA), Erica Salmon Byrne, conducted the two-part video interview with Microsoft, both a pivotal BELA member company and the co-chair of Ethisphere’s 2018 Global Ethics Summit.

In the first conversation, Brad Smith (pictured right) spoke with Tim Erblich about why companies are taking a greater stance on societal issues and the importance of long-term sustainable performance. Smith spoke about embracing value-based leadership and integrity, seeking the voice of companies, using social purpose to guide both business strategy and culture, and collaborating with Ethisphere. Below are excerpts from the conversation with Brad Smith.

On Integrity:

“Don’t put your integrity at risk. Do not do it as an individual. Do not do it for your team or your department or your company … Integrity is a skill that we need to invest in helping people learn because it often requires the ability to spot an issue, to use judgment and exercise the courage to know when to raise your voice.”

On Social Purpose:

“Companies that are thinking about something bigger than themselves and are thinking about their broad societal mission and contribution are likely to create more value. Employees today are asking their employers to take on issues that matter to them to speak out and especially to address these issues when they relate to their needs — and they have high expectations.” 

On Corporate Voice:

“We live at a time where I do think companies need to find their voice and for some, their courage, and the more that we can do to help others do that, I think the better off we all are.”

On Ethisphere:

“[Ethisphere] is raising the bar, you’re providing perspective in judgment and resources and tools that all of us benefit from … you’re going to help us identify where we need to go.”

Smith also focused on the issues that Ethisphere address to help companies measure and progress business conduct and performance, where he stated, “The key is to combine a growth mindset with a clear understanding that there are some risks that you should not take.  There are some values that are so steadfast that you must never sacrifice them.”  Ethisphere has been tasked with taking a leading role in that function through its daily work and collaboration with companies like Microsoft and hundreds of other multinational institutions.

In the second conversation, Ethisphere’s Erica Salmon Byrne sat down with both Smith and David Howard (pictured left).  Together they explored in more depth Microsoft’s views on trust in the age of cloud computing, the company’s upcoming oral arguments in front of the Supreme Court, the emerging age of artificial intelligence, the core value of trust, and much more.

 

According to Howard, who oversees all of litigation and compliance for the company, trust is the central tenet of everything the company does and is even more essential now with digital information as precious as ever. “For us, it all comes down to the issue of trust and the how important it is that our customers all over the world are able to trust what Microsoft does with their most precious information,” said Howard. “Whether its baby pictures or emails, personal journals, and diaries, there has been a huge change in the way people store information.”

David Howard will join leaders from GE and Intel to explore the impact of artificial intelligence on compliance and business transformation at the 10th Annual Global Ethics Summit, hosted in New York City, March 14-15 of this year.

Microsoft, whose mission is to empower every person and every organization on the planet to achieve more, has emerged as one of the leaders to take on broader societal responsibilities. Most recently, the company has publicly voiced their position on issues ranging from DACA to diversity and inclusion, issues also touched upon at certain stages of conversation with Ethisphere.

To view the conversation with Brad Smith and Tim ErblichEthisphere has shared the video on the Ethisphere’s homepage click here to view.

To view the conversation with Erica Salmon Byrne, Brad Smith, and David Howard, Ethisphere has shared the video on the homepage for its 10th Annual Global Ethics Summit.

About the Business Ethics Leadership Alliance

The Business Ethics Leadership Alliance (BELA) was founded by Ethisphere Institute after the financial crisis of 2008. Founding members include General Electric, PepsiCo, Walmart, JLL, and a unique foundation of visionary multinational institutions who understood that continuous improvement was best addressed through shared values and collective action. BELA’s membership has evolved to form a large community of companies who recognize the importance of benchmarking and shared insights and the inherent value of promoting ethical leadership and world-class compliance culture. Learn more about BELA by visiting http://bela.ethisphere.com. To nominate a company to join BELA, contact Director of Member Engagement Sarah Neumann at [email protected].

About Ethisphere 

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.comEthisphere’s 2018 Global Ethics Summit takes place March 14-15 in New York City: https://www.globalethicssummit2018.com/.

Media Contact

Aarti Maharaj
Director of Communications
646-480-9715
[email protected]
Twitter: @Ethisphere

Ethisphere Announces 135 Companies Honored as World’s Most Ethical Companies

For the 12th year, honorees expand their positive impact on global society and see increased performance results

New York, NY–February 12, 2018–Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced 135 companies spanning 23 countries and 57 industries as the 2018 World’s Most Ethical Companies®.

Since 2007, Ethisphere has honored those companies who recognize their critical role to influence and drive positive change in the business community and societies around the world and work to maximize their impact wherever possible. In 2017, we saw a profound change in the discourse around the world, but as part of that disruption we also saw global companies emerge as society’s leading voice to advance the human condition.

Values-based leadership leaped to the forefront of business strategy, and companies increasingly discussed their purpose in broad, community-focused terms. Diversity and inclusion, investment and long-term commitment, and constructive use of a company’s voice are now the hallmarks of what stakeholders are expecting and investors are rewarding.

The 2018 World’s Most Ethical Companies responded to this opportunity with alacrity. Record metrics of community support and innovative ways to engage and inspire employees, customers and stakeholders typified this year’s honoree.

“Over the last 12 years, we have repeatedly seen that those companies who focus on transparency and authenticity are rewarded with the trust of their employees, their customers and their investors. While negative headlines might grab attention, the companies who support the rule of law and operate with decency and fair play around the globe will always succeed in the long term,” explained Ethisphere CEO, Timothy Erblich. “Congratulations to all of the 2018 honorees.”

Ethisphere’s notion that financial value and ethics are inexorably tied together has been borne out through long-term tracking of how the stock prices of publicly traded honorees compare to the U.S. Large Cap Index. The research found that listed World’s Most Ethical Companies outperformed the large cap sector over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.

“We are honored to be listed among the World’s Most Ethical Companies for the fifth consecutive year,” said Dell Technologies Chairman and CEO, Michael Dell. “Ethics and integrity matter at Dell. We work hard to earn our customers’ trust, improve our communities and inspire our team members through sound, ethical decision-making. Because at Dell, how we do our work is just as important as the results we achieve.”

“Responsible business is a fundamental part of Volvo Cars’ culture and way of operating, and something we continuously promote internally as well as with our business partners,” said Volvo Cars President and CEO, Håkan Samuelsson. “An ethical approach to business is not only the right thing to do, but also brings financial value and helps attract and retain the best talent. We are proud that we have been recognised as one of the World’s Most Ethical Companies for the second consecutive year.”

“Integrity should not only be understood as compliance with the law, rules and procedures; it goes beyond that—it is part of the culture. Ethics is good for business, as it strengthens morale, improves efficiency and sustains the most important asset for any market: trust,” said Grupo Bimbo CEO, Daniel Servitje.

“At Microsoft, trust and integrity are core to our values and critical to our success. We’re passionate about applying the power of technology to improve our world, and that starts with doing business in a way that builds and maintains trust with our customers,” said Microsoft President, Brad Smith. “Microsoft is honored to be named once again to the World’s Most Ethical Companies by Ethisphere because it reflects our passion to make a lasting impact on the world around us.”

Celebratory Gala Dinner
PepsiCo Chairperson and CEO, Indra Nooyi will deliver the Keynote Address at the 2018 World’s Most Ethical Companies Gala on March 13 at Cipriani 42nd Street®. Nooyi, CEO since 2006, is the chief architect of Performance with Purpose, PepsiCo’s pledge to do what is right for the business by being responsive to the needs of the world. To learn more or register for the Gala, please click here.

Methodology
The World’s Most Ethical Companies assessment is based upon Ethisphere’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.

Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent), and leadership, innovation and reputation (10 percent). All companies who participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.

About Ethisphere
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 from our Ethics Quotient, and works with the world’s largest companies to enhance culture capital with the insights from our culture assessment data set, which is grounded in our 8 Pillars of Ethical Culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at https://ethisphere.com.

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Media Contact
Clea Nabozny
(480) 397-2658
[email protected]
Twitter: @Ethisphere

Hilton, Progressive, Nissan, Fifth Third Bank Among the Latest Contributors to A Global Community of Companies Committed to Sharing Leading Practices

The Business Ethics Leadership Alliance welcomes seven new members

New York, NY – February 8, 2018 – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, announced today that seven more companies have recently joined the Institute’s Business Ethics Leadership Alliance (BELA) — a global community of companies who recognize the inherent value of ethical leadership and who are working together to elevate performance through progressive values and purpose.

The seven new member companies include:

  • Arm Limited
  • Bumble Bee Seafoods
  • CSAA Insurance Group
  • Fifth Third Bancorp
  • Hilton
  • Nissan Motor Company
  • Progressive

“Arm is thrilled to become a member of the BELA community,” said Carolyn Herzog (pictured left), Executive Vice President and General Counsel, Arm Limited, a leading company in transformative chip technology. “Innovation and Partnership are driving forces in Arm’s ecosystem and the benefits of sharing experiences and important learning from this community will be of tremendous benefit to our compliance program.”

“Acting with integrity is one of Fifth Third’s Core Values,” said Erin Straits (pictured right), Chief Ethics Officer, Fifth Third Bank, a diversified financial services company. “We believe in being honest and fair and in doing the right thing for our employees, customers, and communities. We’re excited to engage with other organizations who are also dedicated to operating with the highest levels of ethical conduct. Membership in BELA provides new opportunities for us to participate in the exchange of best practices, benchmarking, and research, which will enhance the strength of our ethics and compliance programs.”

With the addition of these leading companies, the BELA community has grown more than 50% in the last twelve months. This growth rewards the community with new shared insights that enable organizations to support and challenge one another as they innovate to address risks, improve performance, and place values and integrity at the center of all that they do.

Distinct Community Attributes

BELA members receive enterprise-wide access to an exclusive resource center, which features member-driven insights and practices – a growing catalog of content and expertise from leading multinationals such as Microsoft, Nokia, Eli Lilly, Walmart, Boeing, DellWyndham Worldwide and much more. Other benefits include a downloadable monthly podcast series, “Integrity Matters” hosted by Al Rosa, Chief Compliance Director, General Electric, designed to connect experts and expertise around the globe. BELA members can also benchmark their ethics and compliance programs and practices against those of the World’s Most Ethical Companies. Another added benefit of this membership is the year-round access to networking and sharing best practices at both in-person and virtual events around the globe.

We are proud to partner with our members to develop new platforms that will help raise the ethical standards at companies around the world,” said Erica Salmon Byrne, Executive Vice President and Executive Director, BELA. “Research — including Ethisphere’s — shows how organizations with a strong ethical culture regularly outperform their peers. We refer to this as an ethics premium. This underscores the value of prioritizing a strong, innovative ethics program in an ever-changing business environment.”

The Business Ethics Leadership Alliance was founded by Ethisphere Institute after the financial crisis of 2008. Founding members include General Electric, PepsiCo, Walmart, JLL, and a unique foundation of visionary multinational institutions who understood that continuous improvement was best addressed through shared values and collective action. BELA’s membership has grown to a large community of companies who recognize the inherent value of promoting ethical leadership and world-class compliance culture. Learn more about BELA by visiting http://bela.ethisphere.com. To nominate a company to join BELA, contact Director of Member Engagement Sarah Neumann at [email protected].

About Ethisphere 

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 MagazineEthisphere 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.

Media Contact

Aarti Maharaj
Director of Communications
646-480-9715
[email protected]
Twitter: @Ethisphere

Intel, Leidos, AIG Execs Share Insights on Business Integrity to Further Global Collaboration

Interviews Provide Sneak Peek into the Upcoming 10th Annual Global Ethics Summit

New York, NY – February 1, 2018 – Ethisphere, a global leader in defining and advancing the standards of ethical business practices, is gearing up for its 10th Annual Global Ethics Summit, to be held March 14-15 at the Grand Hyatt in New York City. As a preview to the main event, Ethisphere recorded an informative series of interviews with leading faculty promoting their roles and expectations as panelists and has published them in the form of short podcasts.

The Global Ethics Summit is the premier annual event where CEOs, Board Members, Chief Legal Officers/General Counsels, Chief Ethics and Compliance Officers and other business influencers with a diverse set of experiences gather to share best practices in building ethical businesses and continuously improving corporate behavior. Representatives from U.S. companies as well as multi-nationals attend the summit to learn from an eclectic set of practitioners and to network with professionals who face challenges similar to their own.

“The Global Ethics Summit consistently delivers a diverse and experienced group of prestigious speakers and attendees across all industries,” said Michele Brown, SVP, Chief Ethics and Compliance Officer and Deputy General Counsel at Leidos. “Last year, I came away feeling energized and inspired by the people that I met and also the programs I attended, with a very long list of ideas and action items to put into practice at Leidos.”

Last year, I came away feeling energized and inspired by the people that I met and also the programs I attended, with a very long list of ideas and action items to put into practice at Leidos.

 MICHELE BROWN

SVP, CHIEF ETHICS AND COMPLIANCE OFFICER AND DEPUTY GENERAL COUNSEL AT LEIDOS

Additional companies contributing to the growing list of engaging faculty at the Global Ethics Summit include Microsoft, 3M, Walmart, Aflac, Dell, GE, Ingredion Incorporated, Nokia, Kimberly-Clark, U.S. Bancorp, L’Oréal, JLL, Eli Lilly, Dun & Bradstreet, PepsiCo, L3 Technologies, Emergent BioSolutions, Salesforce, Voya Financial, Louis Berger, Yamana Gold, Novartis Pharmaceuticals, ManpowerGroup, PwC, Whirlpool Corporation, Praxair and more. The 70-plus member faculty anchors conversations with a delegation of close to 500 influencers at this one-of-a-kind assembly.

“It’s astonishing to me how Compliance Officers can instantly bond while talking about shared challenges — we’ve all been there,” said Callie Pappas, Vice President, Chief Compliance Officer & Deputy General Counsel for Schnitzer Steel. “In my opinion, the best part of the Global Ethics Summit is meeting and hearing from others in the field.”

The Global Ethics Summit podcasts are designed as exclusive one-on-one interviews with leaders helping to enrich the conversations at this year’s Summit and are a prelude to what attendees should expect from a number of interactive sessions. The faculty featured on these podcasts discuss their history of work, career insights, industry-specific challenges and emerging themes impacting executive leaders and company culture in today’s global business climate.

As the list continues to grow, the current podcast series includes interviews with the following business influencers:

  • Gayle Sheppard, Vice President, New Technology Group, General Manager, Saffron AI Group, Intel Corporation 
  • Lucy Fato, Executive Vice President, General Counsel, AIG
  • Callie Pappas, Vice President, Chief Compliance Officer & Deputy General Counsel, Schnitzer Steel Industries
  • Michele Brown, SVP, Chief Ethics and Compliance Officer, Leidos

“This Summit is really like no other conference in terms of how refreshingly candid the leaders are in their insights, guidance and conversations. This is truly a special class of connected leadership,” Ethisphere Vice President of Global Thought Leadership and Programs Kevin McCormack said. “The way in which peers are increasingly willing to benchmark and challenge one another tells us that the path to greater integrity and continuous improvement can only be accomplished through an exchange of vision and values. And this works at an event like this because it is so authentic.”

Highlighting their commitment to operating ethical businesses, Intel Corporation, AIG, Schnitzer Steel and Leidos are members of Ethisphere’s Business Ethics Leadership Alliance (BELA). BELA was founded with the notion that companies, regardless of industry, face many common and often complex issues in some of the most challenging regions in the world. By bridging the divide that companies often encounter, BELA has been at the forefront of connecting like-minded leaders on themes that matter most. To learn more about the Business Ethics Leadership Alliance, go to http://bela.ethisphere.com. For a recap of the community’s priorities and highlights from BELA activities, click here.

To join a diverse set of companies committed to business integrity and register for the 10th Annual Global Ethics Summit at the Grand Hyatt in New York City March 14 and 15, 2018, please click here.

About Ethisphere 

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.

Media Contact

Aarti Maharaj
Director of Communications
646-480-9715
[email protected]
Twitter: @Ethisphere