Institute for Enterprise Ethics
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Institute for Enterprise Ethics The Discussion
Elevate Ethics | 2017

Watch Quarterly Ethics Review

In this episode of Quarterly Ethics Review the panel, moderated by Dan Sweeney, delve into:
  • CEO Compensation in the U.S.
  • Customer Privacy in the Digital Age
  • Corporate Social Activism
Click here to view.
 

Ethical Leadership and Sustainability at 3M

Institute for Enterprise Ethics | 3M Sustainability

Here is a valuable video from the Notre Dame Deloitte Center for Ethical Leadership presenting a senior executive of a major US Corporation relating ethical leadership and sustainability to the long run performance of her company. Jean Bennington Sweeney (no relation to the the Institute's Director) Chief Sustainability Officer of 3M Company offers some insightful comments regarding the relationship between Sustainability and Ethical Leadership  and a number of other relevant and helpful observations on culture, trust and values at 3M.

http://ethicalleadership.nd.edu/news/ethics-and-sustainability/

Making Your Company More Ethical

Harvard Business Review | December 2016
Recently two scholars associated with the University of Pennsylvania published a short article in the Harvard Business Review on What You Can Do to Improve Ethics at Your Company. This advice is based on a study of a sample of C-Suite executives from around the world as well as on the experience the authors gleaned from their own consulting practices.

The 30 leaders in the study recalled a total of 87 “major” ethical dilemmas from their career histories. More than 50 had occurred in the course of the last five years. Another surprise was how few of the incidents were caused by bribery, corruption, or anti-competition issues (only 16 percent of all ethical dilemmas mentioned). More often the dilemmas were the result of competing interests, misaligned incentives, clashing cultures.

Their advice is simple, clear and very practical.





 

What's New

Jamie Dimon on Responsibility

Institute for Enterprise Ethics | Jamie Dimon

Businessmen coming to Washington D.C. to meet with legislators and regulators “…should put the interests of the country before the interests of your industry or your company.”

Jamie Dimon was interviewed by David Rubenstein, president of the Economic Club of Washington D.C. on September 12, 2016. Among other topics, they discussed the responsibilities of business people to concern themselves and their companies with the vitality of not just their businesses and their industries but also with the vitality of their country, its economy and its society. I will personally admit to being an unabashed Jamie Dimon fan, but I do believe this is one of the outstanding public statements made by a business leader in recent history.

Dan Sweeney, Director
Institute for Enterprise Ethics

Real Ethics for Artificial Intelligence

Institute for Enterprise Ethics | Artificial Intelligence

How do we know artificial intelligence (A.I.) driven robots won’t end up doing nasty things to us humans? Well we don’t, but five of the world’s largest tech companies are trying to create a standard of ethics around the creation of artificial intelligence. 

As reported in the New York Times, Alphabet’s Google, Amazon, Facebook, IBM and Microsoft have launched a project to guide the development of A.I. in the tech industry.

The specifics of what the industry group will do or say — even its name — have yet to be hashed out. But the basic intention is clear: to ensure that A.I. research is focused on benefiting people, not hurting them, according to four people involved in the creation of the industry partnership who are not authorized to speak about it publicly.

Click here to read the full article in The New York Times.

Five Reasons Why Ethical People Are Provoked into Unethical Decisions
Institute for Enterprise Ethics

In a very concise article in the Harvard Business Review, Ron Carucci, founder and managing partner at Navalent, discusses five ways in which organizations enable and even encourage good people to make unethical choices. “Despite good intentions, organizations set themselves up for ethical catastrophes by creating environments in which people feel forced to make choices they could never have imagined.”

Whistleblowers: Not just corporate tattle-tales, but actual change agents.

Institute for Enterprise Ethics

In a Fair Game column in the New York Times, Gretchen Morgensen reported on a research study by Assistant Professor Jaron H. Wilde at the University of Iowa that found “a sharp and lasting drop in financial wrongdoing at companies that were subject to whistle-blower investigation.” While, this finding seems quite reasonable from an intuitive perspective, it is very gratifying to have some hard empirical evidence that whistleblowers do provide some measureable value to the companies being whistle blowed upon.


It's Time to Look in the Ethical Mirror

http://www.enterpriseethics.org/Portals/0/graphics/hp_image_giacalone_on_wells.png

With all the new coverage of Wells Fargo's fake-account debacle, I (Professor Robert Giacalone) have yet to see an answer to this pivotal question: How does one simply miss more than 5,300 wrongdoers at a bank?

How can so many employees across so many branches go "off the rails" and no one know about it? The easiest answer: This was an ingrained practice. By firing so many employees, Wells has all but acknowledged that unethical behavior was rampant. Rather than a needle in a haystack, the huge number of employees opening sham accounts was an overt sign of an organizational culture problem.

Perhaps most frightening is that the ethical deficit in business is not limited to banking or to the United States. So what has caused this ethical breakdown?

Click here to read more.

Strategic Partners

NetImpact's mission is tNetImpact | University of Denvero cultivate a community of Daniel's College of Business students and professionals dedicated to using business as a platform for creating positive social, environmental, and financial impact.

Strategic Partners

National Association of Corporate Directors | Colorado Chapter

The vision of the National Association of Corporate Directors is to develop the best educated directors with a focus on skills, ethics and leadership.  Their mission is to provide real learning and quality networking for directors and board engaged “C” suite officers and to be the voice for the director.

 

About the Institute

The Institute for Enterprise Ethics was established at the Daniel's College of Business as the vehicle to extend the College’s expertise and resources in business ethics to the practitioner community of executives, officers and directors of commercial and social enterprises in the region.

To learn more about the Institute, click here.

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