Ask the Experts: Introducing Take Six featuring Veta Richardson
Tom Yorton, co-author of the book Yes, And had a conversation with our friend and colleague Veta Richardson about her recently published book, Take Six. With Take Six, President and CEO of the Association of Corporate Counsel, Veta Richardson empowers young professionals, aspiring leaders, or anyone at a career crossroads to step into what makes them great, and develop the nerves, confidence, and competence to grow in the direction of their destiny. Inspired by her own success journey, beginning as an introverted Black female and leading to where she is today as a highly visible, public-facing attorney and CEO, Veta’s wisdom and advice can help you make critical decisions to shape your life with purpose.
Risks, Regulations & Rewards: The Business Imperative for Automation and Data Analytics in Third Party Risk Management
The latest U.S. Department of Justice (DOJ) guidance for the Evaluation of Corporate Compliance Programs (June 2020) makes clear that data analytics are critical. In our BELA Data Analytics Working Group, 27 leading ethics and compliance experts joined forces to discuss what a best practice approach to data analytics looks like. Created in partnership with Lextegrity, this whitepaper highlights core challenges organizations face in mitigating third-party risk, how automation and analytics can help, and ways to overcome common pain points in existing processes and workflows.
Including contributions from Applied Materials, Aramark, Bristol Myers Squibb, Broadcom, Embraer, Ethisphere, Honeywell, Lextegrity, Micron Technology, Newmont, Penoles, Starbucks, TE Connectivity, Uber, and Western Digital.
In addition to the insights and data shared in this whitepaper, the back page also includes:
On-demand access to our three-part Data Analytics Masterclass
On-demand access to our Data Analytics Roadmap webcast
On-demand access to our Risk Scenario Webcast Workshop
Three infographics on data analytics
A series of articles on data and analytics best practices
Ethisphere started the World’s Most Ethical Companies award to highlight the companies doing business right. Find out more in this episode of the Innovation in Compliance Podcast.
Featuring:
Tom Fox, Host of the Innovation in Compliance Podcast
Erica Salmon Byrne, J.D., Executive Vice President and Chair of BELA, Ethisphere
Douglas Allen, Managing Director of Data & Services, Ethisphere
2022 World’s Most Ethical Companies®: Top Reasons to Apply
AUTHOR: Douglas Allen Managing Director, Data & Services
At Ethisphere, we are in what we call ‘World’s Most Ethical Companies’ season. We launched the call for applications; companies are currently submitting requests for the application guide; and the deadline to submit is November 12th. We announce the honorees in the first quarter of 2022.
There are so many good reasons to apply. Here are the top five.
To apply for the World’s Most Ethical Companies recognition, each company takes Ethisphere’s Ethics Quotient® survey, a proprietary rating system that collects and objectively scores self-reported data in five weighted categories: governance, leadership and reputation, ethics and compliance program, ethical culture, and environmental and societal impact.
In the words of CareFirst President and CEO, Brian D. Pieninck, “The process is the way for us to determine whether or not we’re making the kind of progress we want to be making, as compared to other companies… The idea here is that we need to be able to hold up a lens—not just of ourselves and what we could imagine—we need a lens that incorporates many different other perspectives on this topic, that allows us to really get to a much better trajectory of improvement, constant improvement.”
Furthermore, the World’s Most Ethical Companies process is reviewed and updated every year. Inherent in completing the application, all participants gain access to Ethisphere’s latest thinking on what constitutes effective practices of the best companies.
“If you were to ask me what the benefit is, it’s what we learn every year. And every year we learn something about what others like us and those who are different than us are doing that we could be, should be, and need to be considering that we may not have fully considered.” – Brian D. Pieninck,President and CEO, CareFirst
After going through the process, each applicant receives:
A scorecard comparing your practices to those of honorees and featuring exclusive data insights and links to valuable resources. This will be shared in April 2022.
Three-month associate-level access to the Business Ethics Leadership Alliance (BELA) for applicants who currently are not members. This includes access to the member hub with a rich range of company contributed materials, exclusive reports, and examples of best practices.
An in-depth benchmarking for BELA members providing additional insights and improvement guidance.
Stakeholders of all types–consumers, investors, employees, and others–value companies that put ethics on the agenda. Being distinguished as a company with exceptional ethics and compliance practices is a business differentiator that resonates with important audiences.
It makes sense that people like to work in a company that they trust to do the right thing. According to Milliken CEO Halsey Cook, “Seeing that (World’s Most Ethical Companies) award was an important part of what attracted me to the company.” He continued, “It means more than any other award we have received. It defines who we are… it is a proof point and manifestation of trying to do the right things and conduct business in an ethical manner.”
“Seeing that (World’s Most Ethical Companies) award was an important part of what attracted me to the company.” He continued, “It means more than any other award we have received. It defines who we are… it is a proof point and manifestation of trying to do the right things and conduct business in an ethical manner.” – Halsey Cook, CEO, Milliken
World’s Most Ethical Companies Honorees enjoy an ‘ethics premium.’ In tracking how the stock prices of the publicly traded World’s Most Ethical Companies honorees compare to a comparable U.S. Large Cap Index, we found that last year’s listed honorees outperformed the large cap sector over five years by 7.1 percent.
It’s a major commitment to develop and maintain a world-class ethics and compliance program—and your hard work deserves recognition.
We welcome the opportunity to talk with companies interested in the World’s Most Ethical Companies process. You can learn more at www.worldsmostethicalcompanies.com or get in touch with us at [email protected]
We welcome the opportunity to talk with companies interested in the World’s Most Ethical Companies process. You can learn more at www.worldsmostethicalcompanies.com or get in touch with us at [email protected].
