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functionality.
NIKE: CORPORATE RESPONSIBILITY AT A “TIPPING POINT The old business maxim that “what gets measured, matters” is overused but nonetheless powerful, especially when applied to corporate responsibility: when information and metrics are combined with disclosure and transparency, corporate posturing on issues that affect society can be quickly replaced with fact-based analysis anddiscussion.
CULTURE KILLS: THE LEGACY OF MASSEY ENERGY In April 2010, 29 miners died in Massey’s Upper Big Branch (UBB), the worst mining disaster in 40 years. Massey, under Blankenship, never accepted responsibility for the explosion and blamed the federal government.. On December 6, 2011, the U.S. Department of Mine Safety and Health Administration (MSHA) issued a 1,000 page report of its investigation into the UBB tragedy. REMEMBERING THE LEADERSHIP LEGACY OF PAUL H. O’NEILL by Gael O’Brien. Paul H. O’Neill, former U.S. Treasury Secretary and former chairman and CEO of Alcoa had a clear point of view about how to achieve organizational excellence. From the time he was a teenager working construction in Alaska, he was a DELL INC. TO PAY $100 MILLION TO SETTLE CHARGES IN INTEL by Michael Connor. Dell Inc., several former executives, and Chairman and CEO Michael Dell agreed to pay more than $100 million to settle Securities and Exchange Commission charges that they failed to disclose material information to investors and used fraudulent accounting to make it falsely appear that the company was consistently meeting Wall Street earnings targets.BUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Loneliness in the workplace likely isn’t on the radar for many leaders. And yet, C-Suite executives were more likely than entry-level employees to report always or sometimes: • feeling “there is no one they can turn to” (57% and 51% respectively) • “not feeling close to anyone” (56% and 53%) and. • “no one really knows them WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. THE WALL STREET JOURNAL Senate Bill Changes Rules for Boards, Executive Pay. Business Ethics, Corporate Social Responsibility, Regulation & Legislation. Meet the Media Companies Lobbying Against Transparency. Business Ethics, Governance & Compliance. The Basics on the Latest Murdoch Scandal. Business Ethics, Corporate Social Responsibility, Opinion. BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved THE CHALLENGE OF AUTHENTIC LEADERSHIP The paradigm emphasized authenticity, collaboration and caring, she said. Myers indicated that the conference confirmed three core beliefs that her experience shared: 1) leadership is a function of self knowledge and honest self reflection; 2) the strength of leaders comes from their willingness to ask questions; and 3) leaders draw theirpower
PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITY Panera found that shared responsibility works. About 20 percent of customers leave more than the suggested donation, 20 percent leave less or nothing, and 60 percent pay the suggested amount. About 75 – 80 percent of the retail cost of the food is covered. There is a donation bin in place of a cash register. Dealing with hunger isn’tjust
WOMEN AND WORKPLACE RESPECT: THE CHALLENGE FOR CORPORATE And, the research from 22,000 publicly traded companies in 91 countries makes clear that companies having women in top leadership roles correlates with increased profits. Progress is stymied by the underrepresentation of women promoted to manager as well as being supported for careers in line roles, rather than staff, to fuel theCEO pipeline.
UNDERSTANDING THE THERANOS SCANDAL: ‘I MAKE ALL THE A former employee told Carreyrou that when he was interviewing at Theranos in 2011 and asked about the role of the board, Holmes replied the board’s role was as a placeholder. He remembered her saying, “I make all the decisions here.”. In 2013, Carreyrou wrote, “she forced through a resolution that assigned one hundred votes to every THE ENVIRONMENTAL IMPACT OF COFFEE ‘K-CUPS’ The individual parts of a K-Cup (plastic, paper and foil) could theoretically be recycled on their own, but the combination is too small and messy for recycling facilities to be able to sort. So our only choice is to throw the whole K-Cup pack, lock stock and barrel, into the garbage. Each pound of coffee consumed sends 50 K-Cups to thelandfill.
BUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Loneliness in the workplace likely isn’t on the radar for many leaders. And yet, C-Suite executives were more likely than entry-level employees to report always or sometimes: • feeling “there is no one they can turn to” (57% and 51% respectively) • “not feeling close to anyone” (56% and 53%) and. • “no one really knows them WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. THE WALL STREET JOURNAL Senate Bill Changes Rules for Boards, Executive Pay. Business Ethics, Corporate Social Responsibility, Regulation & Legislation. Meet the Media Companies Lobbying Against Transparency. Business Ethics, Governance & Compliance. The Basics on the Latest Murdoch Scandal. Business Ethics, Corporate Social Responsibility, Opinion. BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved THE CHALLENGE OF AUTHENTIC LEADERSHIP The paradigm emphasized authenticity, collaboration and caring, she said. Myers indicated that the conference confirmed three core beliefs that her experience shared: 1) leadership is a function of self knowledge and honest self reflection; 2) the strength of leaders comes from their willingness to ask questions; and 3) leaders draw theirpower
PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITY Panera found that shared responsibility works. About 20 percent of customers leave more than the suggested donation, 20 percent leave less or nothing, and 60 percent pay the suggested amount. About 75 – 80 percent of the retail cost of the food is covered. There is a donation bin in place of a cash register. Dealing with hunger isn’tjust
WOMEN AND WORKPLACE RESPECT: THE CHALLENGE FOR CORPORATE And, the research from 22,000 publicly traded companies in 91 countries makes clear that companies having women in top leadership roles correlates with increased profits. Progress is stymied by the underrepresentation of women promoted to manager as well as being supported for careers in line roles, rather than staff, to fuel theCEO pipeline.
UNDERSTANDING THE THERANOS SCANDAL: ‘I MAKE ALL THE A former employee told Carreyrou that when he was interviewing at Theranos in 2011 and asked about the role of the board, Holmes replied the board’s role was as a placeholder. He remembered her saying, “I make all the decisions here.”. In 2013, Carreyrou wrote, “she forced through a resolution that assigned one hundred votes to every THE ENVIRONMENTAL IMPACT OF COFFEE ‘K-CUPS’ The individual parts of a K-Cup (plastic, paper and foil) could theoretically be recycled on their own, but the combination is too small and messy for recycling facilities to be able to sort. So our only choice is to throw the whole K-Cup pack, lock stock and barrel, into the garbage. Each pound of coffee consumed sends 50 K-Cups to thelandfill.
WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. BUSINESS FRAUD: CULTURE IS THE CULPRIT by Heather Raftery and Frank L. Holder FTI Consulting. This article was originally published on the FTI Journal website and is reprinted with permission.. Fraud occurs every day all over the world. Some companies take an “it won’t happen to us” approach; others implement controls to try to keep individuals likely to commit fraud from entering the business; and still others outsource the ASSESSING THE BUSINESS ROUNDTABLE’S ‘PURPOSE OF A The September 2020 “Covid-19 and Inequality” report, by the Test of Corporate Purpose Initiative found Roundtable companies didn’t excel. “Since the pandemic started, Roundtable signatories didn’t outperform their S&P 500 or European company counterparts on BILL GATES | BUSINESS ETHICS In an exclusive interview with the Wall Street Journal, Microsoft Chairman Bill Gates discusses the challenges of philanthropy in an economic recession and how his tenure at Microsoft prepared him for his new job running the Bill and Melinda Gates Foundation. Corporate Social Responsibility, Economy & LEADERSHIP, COMMON PURPOSE AND SHARED VALUES No, we don’t need to go to Shangri-La to find it. The road map, according to Joel Kurtzman, leads to common-purpose companies. Kurtzman has spent more than 30 years working with global companies and their leaders. Common purpose is a term Kurtzman uses to talk about a quality of leadership that creates an enormous impact in an organization’s culture and spirit – its soul, if you will MARKETING TO CHILDREN: ACCEPTING RESPONSIBILITY The issue of marketing to children really brings that into focus; with food marketing a timely lens, the issue of obesity a hot health care crisis, and McDonald’s handling of responsibility, as one of the world’s largest fast food chains, a case in point.. As background, McDonald’s Happy Meals for children with toys has come under attack. CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. TOYOTA RECALL: FIVE CRITICAL LESSONS Toyota’s announcement of a technical fix for its sticky gas pedals – which can lead to sudden acceleration problems – is not likely to bring a quick end to the company’s current recall nightmare.. Having already halted sales and production of eight of its top-selling cars in the U.S. – and recalled more than 9 million cars worldwide, in two separate recalls – Toyota faces the BANANA INDUSTRY’S IMPACT ON RAINFORESTS “Banana plantations were infamous for their environmental and social abuses, which included the use of dangerous pesticides, poor working conditions, water pollution and deforestation,” reports the Rainforest Alliance, a New York-based non-profit that has been working to improve worker and environmental conditions in the industry since 1990. . “Pesticide-impregnated plastic bags, which IS ETHANOL BETTER FOR ENVIRONMENT THAN By promoting more complete fuel combustion, this small amount of ethanol mixed into gasoline reduces exhaust emissions of carbon monoxide—a regulated pollutant linked to smog, acid rain, global warming and other environmental problems—by as much as 30 percent compared with pure gasoline. Also, a growing number of so-called“flex-fuel
BUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Loneliness in the workplace likely isn’t on the radar for many leaders. And yet, C-Suite executives were more likely than entry-level employees to report always or sometimes: • feeling “there is no one they can turn to” (57% and 51% respectively) • “not feeling close to anyone” (56% and 53%) and. • “no one really knows them WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. THE WALL STREET JOURNAL Senate Bill Changes Rules for Boards, Executive Pay. Business Ethics, Corporate Social Responsibility, Regulation & Legislation. Meet the Media Companies Lobbying Against Transparency. Business Ethics, Governance & Compliance. The Basics on the Latest Murdoch Scandal. Business Ethics, Corporate Social Responsibility, Opinion. THE CHALLENGE OF AUTHENTIC LEADERSHIP The paradigm emphasized authenticity, collaboration and caring, she said. Myers indicated that the conference confirmed three core beliefs that her experience shared: 1) leadership is a function of self knowledge and honest self reflection; 2) the strength of leaders comes from their willingness to ask questions; and 3) leaders draw theirpower
BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITY Panera found that shared responsibility works. About 20 percent of customers leave more than the suggested donation, 20 percent leave less or nothing, and 60 percent pay the suggested amount. About 75 – 80 percent of the retail cost of the food is covered. There is a donation bin in place of a cash register. Dealing with hunger isn’tjust
THE CONFLICT BETWEEN A CORPORATION’S GLOBAL STANDARDS AND This is emblematic of the duty of global companies to anticipate and resolve recurrent tensions between the global corporation’s ethical standards and the demands of national law. This conflict across a range of matters has been important in the past and will, in my view, be increasingly important in the future as globalization proceedsapace
THE ENVIRONMENTAL IMPACT OF COFFEE ‘K-CUPS’ The individual parts of a K-Cup (plastic, paper and foil) could theoretically be recycled on their own, but the combination is too small and messy for recycling facilities to be able to sort. So our only choice is to throw the whole K-Cup pack, lock stock and barrel, into the garbage. Each pound of coffee consumed sends 50 K-Cups to thelandfill.
UNDERSTANDING THE THERANOS SCANDAL: ‘I MAKE ALL THE A former employee told Carreyrou that when he was interviewing at Theranos in 2011 and asked about the role of the board, Holmes replied the board’s role was as a placeholder. He remembered her saying, “I make all the decisions here.”. In 2013, Carreyrou wrote, “she forced through a resolution that assigned one hundred votes to everyBUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Loneliness in the workplace likely isn’t on the radar for many leaders. And yet, C-Suite executives were more likely than entry-level employees to report always or sometimes: • feeling “there is no one they can turn to” (57% and 51% respectively) • “not feeling close to anyone” (56% and 53%) and. • “no one really knows them WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. THE WALL STREET JOURNAL Senate Bill Changes Rules for Boards, Executive Pay. Business Ethics, Corporate Social Responsibility, Regulation & Legislation. Meet the Media Companies Lobbying Against Transparency. Business Ethics, Governance & Compliance. The Basics on the Latest Murdoch Scandal. Business Ethics, Corporate Social Responsibility, Opinion. BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved THE CHALLENGE OF AUTHENTIC LEADERSHIP The paradigm emphasized authenticity, collaboration and caring, she said. Myers indicated that the conference confirmed three core beliefs that her experience shared: 1) leadership is a function of self knowledge and honest self reflection; 2) the strength of leaders comes from their willingness to ask questions; and 3) leaders draw theirpower
PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITY Panera found that shared responsibility works. About 20 percent of customers leave more than the suggested donation, 20 percent leave less or nothing, and 60 percent pay the suggested amount. About 75 – 80 percent of the retail cost of the food is covered. There is a donation bin in place of a cash register. Dealing with hunger isn’tjust
THE CONFLICT BETWEEN A CORPORATION’S GLOBAL STANDARDS AND This is emblematic of the duty of global companies to anticipate and resolve recurrent tensions between the global corporation’s ethical standards and the demands of national law. This conflict across a range of matters has been important in the past and will, in my view, be increasingly important in the future as globalization proceedsapace
THE ENVIRONMENTAL IMPACT OF COFFEE ‘K-CUPS’ The individual parts of a K-Cup (plastic, paper and foil) could theoretically be recycled on their own, but the combination is too small and messy for recycling facilities to be able to sort. So our only choice is to throw the whole K-Cup pack, lock stock and barrel, into the garbage. Each pound of coffee consumed sends 50 K-Cups to thelandfill.
UNDERSTANDING THE THERANOS SCANDAL: ‘I MAKE ALL THE A former employee told Carreyrou that when he was interviewing at Theranos in 2011 and asked about the role of the board, Holmes replied the board’s role was as a placeholder. He remembered her saying, “I make all the decisions here.”. In 2013, Carreyrou wrote, “she forced through a resolution that assigned one hundred votes to every WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. BUSINESS FRAUD: CULTURE IS THE CULPRIT by Heather Raftery and Frank L. Holder FTI Consulting. This article was originally published on the FTI Journal website and is reprinted with permission.. Fraud occurs every day all over the world. Some companies take an “it won’t happen to us” approach; others implement controls to try to keep individuals likely to commit fraud from entering the business; and still others outsource the CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. BILL GATES | BUSINESS ETHICS In an exclusive interview with the Wall Street Journal, Microsoft Chairman Bill Gates discusses the challenges of philanthropy in an economic recession and how his tenure at Microsoft prepared him for his new job running the Bill and Melinda Gates Foundation. Corporate Social Responsibility, Economy & LEADERSHIP, COMMON PURPOSE AND SHARED VALUES No, we don’t need to go to Shangri-La to find it. The road map, according to Joel Kurtzman, leads to common-purpose companies. Kurtzman has spent more than 30 years working with global companies and their leaders. Common purpose is a term Kurtzman uses to talk about a quality of leadership that creates an enormous impact in an organization’s culture and spirit – its soul, if you will BANANA INDUSTRY’S IMPACT ON RAINFORESTS “Banana plantations were infamous for their environmental and social abuses, which included the use of dangerous pesticides, poor working conditions, water pollution and deforestation,” reports the Rainforest Alliance, a New York-based non-profit that has been working to improve worker and environmental conditions in the industry since 1990. . “Pesticide-impregnated plastic bags, which TOYOTA RECALL: FIVE CRITICAL LESSONS Toyota’s announcement of a technical fix for its sticky gas pedals – which can lead to sudden acceleration problems – is not likely to bring a quick end to the company’s current recall nightmare.. Having already halted sales and production of eight of its top-selling cars in the U.S. – and recalled more than 9 million cars worldwide, in two separate recalls – Toyota faces the MARKETING TO CHILDREN: ACCEPTING RESPONSIBILITY The issue of marketing to children really brings that into focus; with food marketing a timely lens, the issue of obesity a hot health care crisis, and McDonald’s handling of responsibility, as one of the world’s largest fast food chains, a case in point.. As background, McDonald’s Happy Meals for children with toys has come under attack. INSTITUTIONAL INVESTORS: THE NEXT FRONTIER IN CORPORATE Institutional Investors: The Next Frontier in Corporate Governance. by Benjamin W. Heineman, Jr., Harvard Law School, and Stephen M. Davis, Yale University. Although institutional investors play a major role in our public equity markets, far less is known about the governance of those investor entities than about investee corporations. THE ETHICS OF EMOTIONAL INTELLIGENCE Leaders who are low in self-awareness, self-regulation, motivation, empathy and social skills lack something called “emotional intelligence” (EQ), a behavior model popularized by the work of Daniel Goleman. Rather than being one of the many leadership fads that shed fleeting light on how those in power can be more successful, EQis an
BUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Loneliness in the workplace likely isn’t on the radar for many leaders. And yet, C-Suite executives were more likely than entry-level employees to report always or sometimes: • feeling “there is no one they can turn to” (57% and 51% respectively) • “not feeling close to anyone” (56% and 53%) and. • “no one really knows them WHAT ESG INTEGRATION IS AND WHAT IT ISN’T This article – What ESG Integration Is and What It Isn’t – is the first of an eight-article series from CFA Institute that recaps their ongoing research into the application of Environmental, Social and Governance standards to investment analysis and selection.. The CFA institute is a global think tank with more than 150,000 CFA chartherholders globally. THE CONFLICT BETWEEN A CORPORATION’S GLOBAL STANDARDS AND This is emblematic of the duty of global companies to anticipate and resolve recurrent tensions between the global corporation’s ethical standards and the demands of national law. This conflict across a range of matters has been important in the past and will, in my view, be increasingly important in the future as globalization proceedsapace
BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. MARKETING TO CHILDREN: ACCEPTING RESPONSIBILITY The issue of marketing to children really brings that into focus; with food marketing a timely lens, the issue of obesity a hot health care crisis, and McDonald’s handling of responsibility, as one of the world’s largest fast food chains, a case in point.. As background, McDonald’s Happy Meals for children with toys has come under attack. WOMEN AND WORKPLACE RESPECT: THE CHALLENGE FOR CORPORATEBUILDING RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACELACK OF RESPECT IN WORKPLACE And, the research from 22,000 publicly traded companies in 91 countries makes clear that companies having women in top leadership roles correlates with increased profits. Progress is stymied by the underrepresentation of women promoted to manager as well as being supported for careers in line roles, rather than staff, to fuel theCEO pipeline.
PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITYPANERA BREAD CLOSE TO MEPANERA BREAD MENU NEAR MEPANERA BREAD NEAR MEPANERA BREAD NEAR MY LOCATIONPANERA BREAD NEW MENUPANERA BREAD ORDER ONLINE MENU Panera found that shared responsibility works. About 20 percent of customers leave more than the suggested donation, 20 percent leave less or nothing, and 60 percent pay the suggested amount. About 75 – 80 percent of the retail cost of the food is covered. There is a donation bin in place of a cash register. Dealing with hunger isn’tjust
ASSESSING MCDONALD’S PERFORMANCE ON SUSTAINABILITY While McDonald’s is moving in the right direction, it is still widely criticized for the waste it generates and its contribution to health woes such as obesity. For its part, the company has limited control over the 80 percent of its stores that are run by independent franchisees, so change under the golden arches is slow.BUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Loneliness in the workplace likely isn’t on the radar for many leaders. And yet, C-Suite executives were more likely than entry-level employees to report always or sometimes: • feeling “there is no one they can turn to” (57% and 51% respectively) • “not feeling close to anyone” (56% and 53%) and. • “no one really knows them WHAT ESG INTEGRATION IS AND WHAT IT ISN’T This article – What ESG Integration Is and What It Isn’t – is the first of an eight-article series from CFA Institute that recaps their ongoing research into the application of Environmental, Social and Governance standards to investment analysis and selection.. The CFA institute is a global think tank with more than 150,000 CFA chartherholders globally. THE CONFLICT BETWEEN A CORPORATION’S GLOBAL STANDARDS AND This is emblematic of the duty of global companies to anticipate and resolve recurrent tensions between the global corporation’s ethical standards and the demands of national law. This conflict across a range of matters has been important in the past and will, in my view, be increasingly important in the future as globalization proceedsapace
BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. MARKETING TO CHILDREN: ACCEPTING RESPONSIBILITY The issue of marketing to children really brings that into focus; with food marketing a timely lens, the issue of obesity a hot health care crisis, and McDonald’s handling of responsibility, as one of the world’s largest fast food chains, a case in point.. As background, McDonald’s Happy Meals for children with toys has come under attack. WOMEN AND WORKPLACE RESPECT: THE CHALLENGE FOR CORPORATEBUILDING RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACELACK OF RESPECT IN WORKPLACE And, the research from 22,000 publicly traded companies in 91 countries makes clear that companies having women in top leadership roles correlates with increased profits. Progress is stymied by the underrepresentation of women promoted to manager as well as being supported for careers in line roles, rather than staff, to fuel theCEO pipeline.
PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITYPANERA BREAD CLOSE TO MEPANERA BREAD MENU NEAR MEPANERA BREAD NEAR MEPANERA BREAD NEAR MY LOCATIONPANERA BREAD NEW MENUPANERA BREAD ORDER ONLINE MENU Panera found that shared responsibility works. About 20 percent of customers leave more than the suggested donation, 20 percent leave less or nothing, and 60 percent pay the suggested amount. About 75 – 80 percent of the retail cost of the food is covered. There is a donation bin in place of a cash register. Dealing with hunger isn’tjust
ASSESSING MCDONALD’S PERFORMANCE ON SUSTAINABILITY While McDonald’s is moving in the right direction, it is still widely criticized for the waste it generates and its contribution to health woes such as obesity. For its part, the company has limited control over the 80 percent of its stores that are run by independent franchisees, so change under the golden arches is slow.BUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. WHY SHOULD BRANDS TAKE STANDS? BUSINESS LEADERS WEIGH IN Gone are the days when companies and their executives can stay silent about the defining issues of the day. Nearly two-thirds of global consumers want companies to take a stand on social issues, and 56 percent say they have “no respect” for CEOs who stay silent, according to research from Edelman. The shift in public expectationsis clear.
BUSINESS FRAUD: CULTURE IS THE CULPRIT The global loss in 2013 approached $3.7 trillion. Globally, asset misappropriation represents the large majority of fraudulent activity, comprising nearly 85 percent of the total cases of occupational fraud in 2013, with a median cost of $130,000 per case. Financial statement fraud was rarer — just 9 percent of reported cases involved LEADERSHIP, COMMON PURPOSE AND SHARED VALUES No, we don’t need to go to Shangri-La to find it. The road map, according to Joel Kurtzman, leads to common-purpose companies. Kurtzman has spent more than 30 years working with global companies and their leaders. Common purpose is a term Kurtzman uses to talk about a quality of leadership that creates an enormous impact in an organization’s culture and spirit – its soul, if you will DOES CORPORATE SOCIAL RESPONSIBILITY INCREASE PROFITS by Ron Robins, Investing for the Soul. It is generally held that corporate social responsibility (CSR) could increase company profits and thus most large companies are actively engaged in it. But few executives and managers are aware of the research on this important subject. And as I review here, the research does show that it mayimprove profits.
REMEMBERING THE LEADERSHIP LEGACY OF PAUL H. O’NEILL by Gael O’Brien. Paul H. O’Neill, former U.S. Treasury Secretary and former chairman and CEO of Alcoa had a clear point of view about how to achieve organizational excellence. From the time he was a teenager working construction in Alaska, he was a CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. THE ENVIRONMENTAL IMPACT OF COFFEE ‘K-CUPS’ The individual parts of a K-Cup (plastic, paper and foil) could theoretically be recycled on their own, but the combination is too small and messy for recycling facilities to be able to sort. So our only choice is to throw the whole K-Cup pack, lock stock and barrel, into the garbage. Each pound of coffee consumed sends 50 K-Cups to thelandfill.
BANANA INDUSTRY’S IMPACT ON RAINFORESTS “Banana plantations were infamous for their environmental and social abuses, which included the use of dangerous pesticides, poor working conditions, water pollution and deforestation,” reports the Rainforest Alliance, a New York-based non-profit that has been working to improve worker and environmental conditions in the industry since 1990. . “Pesticide-impregnated plastic bags, whichBUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Gael O’Brien is a catalyst in leaders leading with purpose and impact through clarity, presence and connection. She is an executive coach, culture coach, speech coach and presenter. WHAT ESG INTEGRATION IS AND WHAT IT ISN’T This article – What ESG Integration Is and What It Isn’t – is the first of an eight-article series from CFA Institute that recaps their ongoing research into the application of Environmental, Social and Governance standards to investment analysis and selection.. The CFA institute is a global think tank with more than 150,000 CFA chartherholders globally. BUSINESS FRAUD: CULTURE IS THE CULPRIT by Heather Raftery and Frank L. Holder FTI Consulting. This article was originally published on the FTI Journal website and is reprinted with permission.. Fraud occurs every day all over the world. Some companies take an “it won’t happen to us” approach; others implement controls to try to keep individuals likely to commit fraud from entering the business; and still others outsource the THE CONFLICT BETWEEN A CORPORATION’S GLOBAL STANDARDS AND Ben W. Heineman, Jr. was GE’s Senior Vice President-General Counsel from 1987-2003 and then GE’s Senior Vice President for Law and Public Affairs from 2004 until his retirement at the end of 2005.Since then he has been a senior fellow at Harvard University’s schools of law and government and a lecturer at Yale Law School. He teaches, speaks and writes frequently on business, law, ethics CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. MARKETING TO CHILDREN: ACCEPTING RESPONSIBILITY The issue of marketing to children really brings that into focus; with food marketing a timely lens, the issue of obesity a hot health care crisis, and McDonald’s handling of responsibility, as one of the world’s largest fast food chains, a case in point.. As background, McDonald’s Happy Meals for children with toys has come under attack. WOMEN AND WORKPLACE RESPECT: THE CHALLENGE FOR CORPORATEBUILDING RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACELACK OF RESPECT IN WORKPLACE So how do we achieve a better working world that is more inclusive and gender equal? The question is inspired by the International Women’s Day 2017 call to action. However, the answer is ultimately connected to how respect shows up in a company’s culture: whether employees are supported or impeded in doing their best work. PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITYPANERA BREAD CLOSE TO MEPANERA BREAD MENU NEAR MEPANERA BREAD NEAR MEPANERA BREAD NEAR MY LOCATIONPANERA BREAD NEW MENUPANERA BREAD ORDER ONLINE MENU Columnist Gael O’Brien discusses an innovative corporate responsibility initiative launched by Panera Bread, the national cafe-bakery company. “Panera Cares” has opened community ASSESSING MCDONALD’S PERFORMANCE ON SUSTAINABILITY Long a poster child of environmental ills and health concerns, McDonald’s has worked steadily over the last two decades to clean up its act. But while itBUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. LONELINESS IN THE WORKPLACE Gael O’Brien is a catalyst in leaders leading with purpose and impact through clarity, presence and connection. She is an executive coach, culture coach, speech coach and presenter. WHAT ESG INTEGRATION IS AND WHAT IT ISN’T This article – What ESG Integration Is and What It Isn’t – is the first of an eight-article series from CFA Institute that recaps their ongoing research into the application of Environmental, Social and Governance standards to investment analysis and selection.. The CFA institute is a global think tank with more than 150,000 CFA chartherholders globally. BUSINESS FRAUD: CULTURE IS THE CULPRIT by Heather Raftery and Frank L. Holder FTI Consulting. This article was originally published on the FTI Journal website and is reprinted with permission.. Fraud occurs every day all over the world. Some companies take an “it won’t happen to us” approach; others implement controls to try to keep individuals likely to commit fraud from entering the business; and still others outsource the THE CONFLICT BETWEEN A CORPORATION’S GLOBAL STANDARDS AND Ben W. Heineman, Jr. was GE’s Senior Vice President-General Counsel from 1987-2003 and then GE’s Senior Vice President for Law and Public Affairs from 2004 until his retirement at the end of 2005.Since then he has been a senior fellow at Harvard University’s schools of law and government and a lecturer at Yale Law School. He teaches, speaks and writes frequently on business, law, ethics CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. MARKETING TO CHILDREN: ACCEPTING RESPONSIBILITY The issue of marketing to children really brings that into focus; with food marketing a timely lens, the issue of obesity a hot health care crisis, and McDonald’s handling of responsibility, as one of the world’s largest fast food chains, a case in point.. As background, McDonald’s Happy Meals for children with toys has come under attack. WOMEN AND WORKPLACE RESPECT: THE CHALLENGE FOR CORPORATEBUILDING RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACEEXAMPLES OF RESPECT IN THE WORKPLACELACK OF RESPECT IN WORKPLACE So how do we achieve a better working world that is more inclusive and gender equal? The question is inspired by the International Women’s Day 2017 call to action. However, the answer is ultimately connected to how respect shows up in a company’s culture: whether employees are supported or impeded in doing their best work. PANERA CARES: AN EXPERIMENT IN CORPORATE RESPONSIBILITYPANERA BREAD CLOSE TO MEPANERA BREAD MENU NEAR MEPANERA BREAD NEAR MEPANERA BREAD NEAR MY LOCATIONPANERA BREAD NEW MENUPANERA BREAD ORDER ONLINE MENU Columnist Gael O’Brien discusses an innovative corporate responsibility initiative launched by Panera Bread, the national cafe-bakery company. “Panera Cares” has opened community ASSESSING MCDONALD’S PERFORMANCE ON SUSTAINABILITY Long a poster child of environmental ills and health concerns, McDonald’s has worked steadily over the last two decades to clean up its act. But while itBUSINESS ETHICS
Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. WHY SHOULD BRANDS TAKE STANDS? BUSINESS LEADERS WEIGH IN by Mary Mazzoni. Gone are the days when companies and their executives can stay silent about the defining issues of the day. Nearly two-thirds of global consumers want companies to take a stand on social issues, and 56 percent say they have “no respect” for CEOs who stay silent, according to research from Edelman.. The shift in public expectations is clear. WHAT’S THE ‘PURPOSE OF A CORPORATION’? by Gael O’Brien. The 181 CEOs who recently signed and committed to a new “Purpose of a Corporation” traded in shareholder maximization for a stakeholder focus. Can they really implement the switch? While sceptics point to past actions raising doubts about the leaders’ sincerity, I believe these Business Roundtable CEOs can create the purpose and processes needed for change. BUSINESS FRAUD: CULTURE IS THE CULPRIT by Heather Raftery and Frank L. Holder FTI Consulting. This article was originally published on the FTI Journal website and is reprinted with permission.. Fraud occurs every day all over the world. Some companies take an “it won’t happen to us” approach; others implement controls to try to keep individuals likely to commit fraud from entering the business; and still others outsource the LEADERSHIP, COMMON PURPOSE AND SHARED VALUES No, we don’t need to go to Shangri-La to find it. The road map, according to Joel Kurtzman, leads to common-purpose companies. Kurtzman has spent more than 30 years working with global companies and their leaders. Common purpose is a term Kurtzman uses to talk about a quality of leadership that creates an enormous impact in an organization’s culture and spirit – its soul, if you will REMEMBERING THE LEADERSHIP LEGACY OF PAUL H. O’NEILL by Gael O’Brien. Paul H. O’Neill, former U.S. Treasury Secretary and former chairman and CEO of Alcoa had a clear point of view about how to achieve organizational excellence. From the time he was a teenager working construction in Alaska, he was a CHANGING CULTURE AND ETHICS AT UBER by Gael O’Brien “The best things leaders can do,” leadership expert Joanne Ciulla said in a dinner conversation with ethics officers and others, “is create an environment where behaving ethically is easy.” Ciulla, Academic Director at Rutgers Institute of Ethical Leadership spent a week in November as a Verizon Visiting Professor at Bentley University. DOES CORPORATE SOCIAL RESPONSIBILITY INCREASE PROFITS by Ron Robins, Investing for the Soul It is generally held that corporate social responsibility (CSR) could increase company profits and thus most large companies are actively engaged in it. MAKING THE CASE FOR “SHARED VALUE” FOR BUSINESS AND Corporate Social Responsibility (CSR) is the longest-standing and still most commonly used term, certainly on a global basis. For lots of reasons, I prefer a variant of that: Corporate Responsibility. THE ENVIRONMENTAL IMPACT OF COFFEE ‘K-CUPS’ K-Cups—those little one-serving coffee containers that allow people to brew one cup at a time in a specially designed Keurig brewing machine—are all the*
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ECONOMIC ‘OPPORTUNITY ZONES’ STOKE CONTROVERSY Critics say it may be driving money into the hands of wealthy investors and accelerating gentrification in already-vulnerableneighborhoods.
HACKING PLANET EARTH: HOW GEOENGINEERING CAN HELP US REIMAGINE THEFUTURE
An excerpt from Hacking Planet Earth, a new book by author ThomasKostigen.
LONELINESS IN THE WORKPLACE Columnist Gael O’Brien discusses what happens when C-Suite executives and entry-level employees alike feel “there is no one they can turn to.”Leadership
POWERING CONNECTION IN A PANDEMIC Columnist Gael O’Brien says crisis recovery depends on leaders operating out of their own humanity to build greater connection and sense of shared purpose in their companies.POPULAR STORIES
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Sustainable Investing ESG INTEGRATION PRACTICES IN STRUCTURED CREDIT ANALYSIS Corporate Social Responsibility WHY SHOULD BRANDS TAKE STANDS? BUSINESS LEADERS WEIGH IN Corporate Social Responsibility WHAT’S THE ‘PURPOSE OF A CORPORATION’? Sustainable Investing WALL STREET’S FLIRTATION WITH ‘SOCIAL PURPOSE’ Should companies embrace the notion that profit and social purpose are both critical elements of business success? BlackRock CEO Larry Fink says ‘Yes’ – and big asset managers increasingly agree.Leadership
LEADERSHIP: THE POWER OF CREATIVE FEEDBACK Sustainable Investing INTEGRATING ESG FACTORS INTO SOVEREIGN DEBT ANALYSIS Sustainable Investing A GUIDE TO THE CFA INSTITUTE SERIES ON ESG INVESTING Business Ethics Magazine is collaborating with the CFA Institute on an eight-article series that recaps the Institute’s ongoing research into the application of Environmental, Social and Governance (ESG) standards to investment analysis and selection. Here’s a listing of the articles in the series published to date.Economy & Society
WHY YOUR HEALTH INSURER DOESN’T CARE ABOUT YOUR BIG BILLS Sustainable Investing,
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ESG INTEGRATION INTO MUNICIPAL CREDIT ANALYSIS Sustainable Investing SUSTAINABLE INVESTING AT ALL-TIME HIGH, SAYS MORGAN STANLEYBusiness Ethics
BUSINESS ETHICS IN HIGHER EDUCATION: A DIFFERENT APPROACHBusiness Ethics
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IN SEARCH OF CORPORATE VALUES: WELLS FARGO AGREES TO LISTEN TOSTAKEHOLDERS
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