Month: April 2019

Initial Insights Report showcases data, programs and practices of leading companies

NEW YORK, April 15, 2019 (Newswire.com) – ​​​Ethisphere, a global leader in defining and advancing standards of ethical business practices, announced today the launch of the first volume of the 2019 World’s Most Ethical Companies Insights Report series. The report will be available for download following a webinar on April 17, 2019 at 1 p.m. EDT. The full report will be available here.

Derived through meticulous analysis of responses to the 2019 Ethics Quotient® (EQ) survey, the Insights Report provides a window into the latest data and trends reported by the 128 companies, representing 50 industries in 21 countries around the world, that earned the 2019 World’s Most Ethical Companies designation. In addition to being the basis of determining the annual list of the World’s Most Ethical Companies, Ethisphere’s Ethics Quotient Survey (EQ) process is designed to capture information that leads to practical decision-making and the development of best practices in business ethics.

This initial Insights Report covers three primary areas where appreciable changes occurred in the past year:

• Detection & Monitoring: how companies are establishing trust through transparency into the reporting process
• Governance: how leading companies are engaging an increasingly diverse board of directors
• Written Standards: how companies’ methods of communicating with a global workforce are changing

“Through our EQ survey, we capture valuable information from the best of the best when it comes to business ethics, governance and compliance,” said Erica Salmon Byrne, Ethisphere Executive Vice President. “Most professionals understand the value of key issues like diversity, tone from the top, codes of conduct and transparency, but they don’t always know how to apply this knowledge. The World’s Most Ethical Companies Insights Report provides ethics practitioners with the data needed to find their way to the best solutions.”

Complete with informative charts and graphical presentations of usable data, the Insights Report drives home the value of a first-rate ethics, compliance and governance program. Research contained in the report, including Ethisphere’s proprietary Ethics Premium data, shows that the 2019 World’s Most Ethical Companies designees have a 15 percent advantage in financial performance compared to the U.S. Large Cap Index over the past five years.

“Companies are under a microscope like never before, with stakes so high that it’s no longer acceptable or smart to think you have a strong compliance and ethics plan in place — you need data that prove your program is effective,” said Charlie Vanek, Executive Vice President and Chief Product Officer, Ethisphere. “The Insights Report provides that data-driven guidance on how to build a solid program while delivering important lessons on what leading companies measure as a barometer for success.”

All Ethisphere research, content and expertise, such as a recent special report on root cause taxonomy and data-driven insights, can be found on the Business Ethics Leadership Alliance (BELA) member hub, which is made available to global members of BELA. To request guest access, please contact Executive Vice President Jonathan Whitacre at [email protected].

To download volume 1 of the 2019 World’s Most Ethical Company Insights Report and register for the April 17 webinar at 1 p.m. EDT, please use this link: https://events.ethisphere.com/events/data-programs-and-practices-of-leading-companies.

About Ethisphere 

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 Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, benchmarking and guidance. More information about Ethisphere can be found at https://ethisphere.com.

Media Contact:
​Aarti Maharaj​
​Director of Communications
​[email protected]
@Ethisphere

Charles R. Vanek to Drive Ethics Leader’s Focus on Products That Help Data-Centric Companies

NEW YORK, April 9, 2019 (Newswire.com) – ​Ethisphere, a global leader in defining and advancing standards of ethical business practices, announced today that Charles (Charlie) R. Vanek, a seasoned product management executive with previous stints at Blackbaud and MicroEdge, has joined the company and will serve as Executive Vice President and Chief Product Officer. In his new position, Mr. Vanek will be responsible for product development and distribution for Ethisphere and the company’s globally recognized Business Ethics Leadership Alliance (BELA). He will report to Ethisphere’s Chief Executive Officer, Tim Erblich.

Mr. Vanek was most recently Vice President of Product Management at Blackbaud, the foremost provider of software to the corporate philanthropic community. Previously, Vanek worked at Thomson Reuters as Head of Insurance Solutions, Financial and Risk, directing sales, marketing, and product development for the company’s insurance regulatory information and software business. He has had broad responsibilities in the software and information sector for the last 17 years, including roles in operations, new product development, product marketing, and business development.

“Charlie’s background in product management and the software and information sector makes him the ideal person to lead our product development in ways that will innovate and drive our core mission to provide data-based solutions and actionable insights for companies that understand the need to measure results in order to improve performance,” Ethisphere Chief Executive Officer Timothy Erblich said. “He brings the entire package, with a broad understanding of driving results through data and the experience of building capabilities and efficiencies across value chains. I am confident that Charlie is the right person for this position, and we are very pleased to have him join our team at Ethisphere.”

Ethisphere’s data-driven assessments help companies evaluate, benchmark, and verify programs and practices of leading frameworks. Through the Ethics and Compliance, Culture, Anticorruption, Trade Secret and IP, and Cybersecurity assessments, companies gain deep insights into the effectiveness of their programs and receive guidance on how to utilize the practical and actionable roadmap provided by Ethisphere to help prioritize program initiatives, intelligently allocate current resources, and plan for future investment.

“Charlie is a product innovator who has a strong understanding of how to create value for a company’s clients and how to simplify complex problems,” said Preston McKenzie, Operating Partner, Operations Group, General Atlantic. “He is an expert at data and software solutions and will be an excellent addition to the Ethisphere team.”

“With all current research demonstrating a definitive correlation between corporate ethics and financial performance, Ethisphere, which is growing by leaps and bounds in global influence and stature, continues to cement its value in today’s business environment,” Mr. Vanek said. “I look forward to blending my experiences in strategic product development and social responsibility to energize and advance Ethisphere’s cutting-edge suite of products and services. As companies continue to recognize the benefits of improving their governance, ethics, and compliance programs and amplifying results through data-driven analysis and measurement, Ethisphere’s products and services will remain an essential part of their overall business plans.”

Mr. Vanek holds a Bachelor of Science degree in Mechanical Engineering from Iowa State University and an MBA from the University of Chicago. He serves on the Board of Directors of Mission Box, an information and software business that serves the nonprofit community, headquartered in Austin, TX, and Open Eye Figure Theatre, an inventive theatre in Minneapolis. He resides in Minneapolis with his wife Jenifer and two children.

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 also helps to advance business performance through data-driven assessments, benchmarking, and guidance. More information about Ethisphere can be found at https://ethisphere.com.

About BELA

Founded by Ethisphere, the Business Ethics Leadership Alliance (BELA) is a globally recognized organization of leading companies collaborating together to share best practices in governance, risk management, compliance, and ethics. BELA’s membership has since 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].

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Media Contact

Aarti Maharaj
Director of Communications
646-480-9715
[email protected]

Twitter: @Ethisphere