Jan. 30-Feb. 12, 2004
Vol. 34, Issue 2
Back Issues
Darden to run ethics institute
First Lady of Virginia, Lisa Collis, a leader in public service
Facilities focus of BOV’s Student Affairs meeting
Headlines @ U.Va.
Undergrad wins Mitchell Scholarship
Online COMPASS makes room reservations easy
Humans began altering global climate thousands of years ago
Xiaoming ‘Peter’ Yu
Revisiting Racial Diversity
2004 Black History Month Calendar of Events
Stem-cell researcher finds unusual ally in GOP leader
Can the spam: E-mail filter weeds out those unwanted messages
Collage glues together numerous pespectives
What’s a Didjeridu?
Mini-med school accepting applications until Feb. 27
Students drive real estate market

Darden to run ethics institute

Staff Report

With public confidence in American corporations shaken in recent years by the financial wrongdoings of several big-name companies, the Business Roundtable, a group of 150 leading chief executives, decided that something was needed to renew and enhance the link between ethical behavior and business practices. The members turned to U.Va.’s Darden Graduate School of Business Administration, with its strength in applied ethics, to create a new Business Roundtable Institute for Corporate Ethics.

The institute’s mission brings together the business and academic worlds to provide practical, hands-on training in ethical business practices to current and emerging business leaders.

“The institute will aim to fulfill the essential need to incorporate current ethics education within our corporations as well as in our system of business education,” said Franklin D. Raines, co-chairman of the Business Roundtable and chairman and CEO of Fannie Mae.

The institute will conduct research, create a cutting-edge business ethics curriculum, lead executive seminars on business ethics and develop best practices in the area of corporate and business ethics. Academic advisers will come from other leading business schools as well as Darden.

“At the Darden School and U.Va., we see leadership and ethics as inexorably linked, which is precisely what the Business Roundtable Institute for Corporate Ethics is all about,” said Darden School Dean Robert S. Harris. “It will leverage our school’s core strengths of teaching, leadership and ethics while drawing world-class teaching faculty from other top business schools, and their experience developing and delivering educational programs for MBAs and executives.”

Darden Professor R. Edward Freeman, director of Darden’s Olsson Center for Applied Ethics, will head the institute’s advisory council along with Raines.

“We have assembled a number of the most distinguished professors in business ethics from leading business schools across the nation to form our academic advisers team, which will be focused solely on business ethics,” Freeman said. “The interaction with and direct access to the 150 Roundtable CEOs will provide a wealth of experience that we can use to develop executive curricula and best practices for use by businesses and business schools.”

Participating business schools include Harvard, Wharton, Northwestern, Michigan, Notre Dame, Minnesota, Penn State and Texas.

The CEOs who are part of the Business Roundtable represent well-known companies, from AutoZone to Xerox. Formed 30 years ago, the Roundtable is a self-described “association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees in the United States and $3.7 trillion in revenues.”

“As the Chief Ethics Officers at our companies, we know setting and maintaining the highest ethical standards starts at the top,” said Hank McKinnell, co-chairman of the Business Roundtable and chairman and CEO of Pfizer. “This effort will support business leaders to maintain a cutting-edge culture of ethical business practices within our organizations.”

The Institute will offer a series of executive-level training sessions for CEOs and any member of a corporate senior leadership team. MBA students also will be involved in the design, construction and teaching of all seminars and research. Two sessions will be held in 2004, with the number of sessions expanding over the next couple of years. Public events focusing on aspects of research or topical issues also will be planned.

For information, see the institute’s Web site at www.corporate-ethics.org and the Business Roundtable at www.businessroundtable.org.


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