New York, NY – June 13, 2012 – Ethisphere Institute announced today that Bristol-Myers Squibb Company has earned the Institute’s coveted Compliance Leader Verification™ Ethisphere® Institute is a leading international think-tank dedicated to the research and promotion of best practices in corporate ethics and compliance.
Ethisphere, the provider of independent verification of corporate ethics and compliance programs, provides independent Compliance Leader Verification™ for companies with best-in-industry ethics and compliance programs – those organizations that have made the decision to proactively invest resources in compliance, sending a clear signal to key stakeholders that compliance and ethics are an absolute organizational priority.
“We found that Bristol-Myers Squibb’s strong commitment to ethics has led to the creation and maintenance of an effective global compliance program,” said Erica Salmon Byrne, Senior Vice President, Compliance Advisory Services for Corpedia, one of Ethisphere’s licensed credentialing partners. “We are particularly impressed that Bristol-Myers Squibb has an active and involved board of directors, appropriately uses resources both globally and at the business unit level, and engages its employees through innovative communications and and extensive training programs conducted according to risk and job function.”
Ethisphere’s licensed credentialing partners conduct a detailed review of the organization’s current compliance and ethics-related initiatives, and benchmark them against the “hallmarks” of an effective compliance program, as defined by the U.S. Federal Sentencing Guidelines (FSG) and corporate and industry best practices, including standards (code and policies), board of director oversight, program structure and responsibility, training and communications, due care, monitoring and auditing, and enforcement and discipline. Ethisphere then provides companies with a detailed report as to how their program measures up to industry benchmarks, including recommendations for improvement. Additional information about Compliance Leader Verification is available at https://ethisphere.com/ethisphere-compliance-leader-verification/
About Ethisphere Institute
The research-based Ethisphere® Institute is a leading international think tank dedicated to the creation, advancement, and sharing of best practices in business ethics, corporate social responsibility, anti-corruption, and sustainability. Ethisphere provides the only third-party verifications of compliance programs and ethical corporate cultures, including Ethics Inside® Certification, Compliance Leader Verification™, and Anti-Corruption Program Verification™. On a quarterly basis, the Institute produces Ethisphere Magazine, which publishes the globally-recognized World’s Most Ethical Companies® ranking. Ethisphere also maintains a premier membership group, the Business Ethics Leadership Alliance™, a business ethics forum that includes more than 100 leading corporations, universities, and institutions that collectively leverage their experience, expertise, and innovative ways to address emerging compliance challenges. More information on the Ethisphere Institute, including ranking projects and membership, can be found at www.ethisphere.com.