INSIGHTS INTO THE PRACTICES OF THE WORLD’S MOST ETHICAL COMPANIES
In the spirit of sharing leading practices, Ethisphere has launched a new report series: Insights from the 2020 World’s Most Ethical Companies.
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 data points on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain
The 2020 World’s Most Ethical Companies:
Volume One: Remotely Managing a Global Program Effectively
Global program structure
The effective use of internal steering committees to broaden reach and impact across an organization
The role of ethics and compliance in the due diligence process of mergers and acquisitions
Why liaison and incentive programs matter to a fair and ethical culture
Volume Two: Third-Party Management
The expanding focus areas of due diligence, including data protection and more
How third-party codes are implemented and where they fall short
Communication, training, and improving third-party capabilities
How E&C is included in ongoing performance reviews
Volume Three: Training and Communications Innovations
Launching in June 2020.
WHAT THE DATA TELLS US
WME Honorees have increasing seniority and growing authority
90% provide significant input in strategic business development decisions for organizations – up from 78% five years ago.
95% provide significant input in product/supplier sourcing decisions – up from 76% five years ago.
WME companies continue to have strong liaison programs
E&C monitoring is on the rise
Honoree companies with liaison programs have incorporated software tools specific to ethics and compliance or governance, risk, and compliance – a 15-point increase over 2019 honorees
perform an assessment to determine whether a third party has the capability and controls to meet the ethics and compliance requirements in their contracts for at least some risk areas