Award recognizes companies that are able to prove that they have designed, implemented, and enforced a robust, best-in-class anti-corruption program that is capable of reasonably detecting and preventing bribery and corruption
The Ethisphere Institute, an independent center for research, best practices and thought leadership in corporate ethics and anti-corruption and designator of the World’s Most Ethical Companies®, announced today that Legg Mason has earned the coveted Anti-Corruption Program Verification™ .
“Legg Mason continues to exhibit a strong commitment to building and evolving its Anti-Corruption Program in line with best practice standards,” said NYSE Governance Services Compliance Counsel, Beth Van Derslice. “The organization continues to foster meaningful cross-functional discussions and an exemplary showing of engagement from senior leadership. Even amidst the evolving regulatory landscape, Legg Mason continues to create layers oversight and efficiency within its program.”
“We would like to congratulate Legg Mason for earning Anti-Corruption Program Verification,” said Michael Byrne, Senior Vice President and General Counsel of Ethisphere. “The business case for demonstrating a world-class anti-corruption program involves more than just the cost of effective systems. In an increasingly networked world, word of prosecutions and sanctions for wrongdoing spread faster than ever–which can have crippling impacts on the long-term reputational and brand value of an organization.”
Ethisphere’s Anti-Corruption Program Verification offers objective, independent verification of a company’s anti-corruption program and initiatives, including a comprehensive review of policies, procedures, training, communication, controls and enforcement. Anti-Corruption Program Verification can only be earned by companies that are able to prove they have designed, implemented, and enforced a robust, best-in-class anti-corruption program that is capable of reasonably detecting and preventing bribery and corruption.
More information about Ethisphere’s Anti-Corruption Program Verification is available at https://ethisphere.com/certifications/anti-corruption-program-verification/
About Legg Mason
Legg Mason is a global asset management firm with $686 billion in assets under management as of May 31, 2014. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange.
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and compliance and enables organizations to improve governance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies’™ recognition program, and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification.
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