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January, 2004

 

Greene supervisor takes Fried Cos. Job The Daily Progress, January 23, 2004 By Olympia Meola
	Greene County Supervisor Kenneth W. Lawson has accepted a job with Fried Cos., a Northern Virginia-based development firm with several projects under way in Greene. The supervisor of eight years, who started his county government career at age 24 as a planning commissioner, said his new job would not interfere with his role on the Board of Supervisors. If anything, the on-the-job experience could provide perspective on how other counties manage growth, he said. “In retrospect, I think it will probably help,” he said. “It’ll probably help me bring a lot to the table as far as how things go and how things are done.” Andrew Wicks, associate professor in the University of Virginia’s Darden Graduate School of Business Administration, said that conflicts of interest, however subtle, can be more problematic for public officials than those in the private sector because of people’s perceptions.
UT professor joins new ethics center The Daily Texan, January 22, 2004 By Emma Graves Fitzsimmons
	UT philosophy professor Bob Solomon is joining business leaders and other college faculty from across the country to form a new ethics center with the goal of restoring public confidence in American businesses. The center, called the Business Roundtable Institute for Corporate Ethics, will receive $2.7 million from the Business Roundtable, an association of 150 chief executive officers from the nation's top companies. Solomon said he was asked to be a part of the center because of his extensive background in business ethics research.
Marketing professor to assist new ethics institute Mendoza College of Business, University of Notre Dame, January 21, 2004
	Patrick Murphy, professor of marketing and C.R. Smith II Co-Director of the Institute for Ethical Business Worldwide at the University of Notre Dame, is among a dozen leading scholars nationwide appointed to the core faculty of the Institute for Corporate Ethics. Newly established by the Business Roundtable and housed at the University of Virginia, 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.
Business Ethics Expert Joins New National Institute PennState Live, January 15, 2004 By Andrew Krebs
	10 People are much more likely to act ethically if they perceive themselves as personally responsible for the outcomes of their decisions and actions. That can be a problem in organizations, where responsibility is often diffused. "In organizations, an individual often becomes disconnected from the consequences of his or her actions," said Linda Trevino, professor of organizational behavior at Pennsylvania State University's Smeal College of Business Administration. "If no individual feels the need to take responsibility, in the end no one does, and unethical behavior is more likely."
CEOs, Univ Of Va. Form Institute To Study Business Ethics Dow Jones News Service, January 15, 2004 By Phil McCarty
	A group representing Fortune 500 chief executives announced Wednesday that it has teamed with a prominent business school to study and enhance the ethical behavior of business leaders. Together with the Darden Graduate School of Business Administration, the Business Roundtable said it has established the Business Roundtable Institute For Corporate Ethics. [R. Edward] Freeman said the institute will also partner with other business ethics professors from around the country, CEOs, the media and regulators in order to "put business and ethics together," which he admitted is considered by many to be an oxymoron.
Newscast: Group of CEOs Meet to Make Ethics and Business Inseparable Minnesota Public Radio: Marketplace Morning Report, January 14, 2004 By Kai Ryssdal (anchor)
	Could CEOs be headed back to school? An association of CEOs from the nation's largest companies has teamed up with academics from many of the leading business schools in the country. In language reminiscent of war reporting from Iraq, The Business Roundtable says its initiative will use teachers and executives to embed ethics in all levels of business. Professor Edward Freeman at the Darden Graduate School of Business Administration says CEOs should declare war on the bad business practices that have made headlines in recent years.
A New School of Thought on Ethics BusinessWeek, January 14, 2004 By Amy Borrus
	After a two-year string of corporate scandals, the term "business ethics" has become reliable fodder for late-night talk-show hosts in search of easy laughs. Now, the Business Roundtable (BRT) aims to restore public confidence in Corporate America with a $3 million initiative to educate future CEOs in business ethics. On Jan. 14, the BRT, an association of 150 CEOs of leading U.S. companies, announced it was creating a new business-ethics center. The Business Roundtable Institute for Corporate Ethics will be housed at the University of Virginia`s Darden Graduate School of Business Administration. (Business Roundtable Institute for Corporate Ethics Press Release generated this article and ones similar that appeared in the San Diego Daily Transcript, AFX International Focus, Agence France Presse, Reuters, MENAFN.com, SocialFunds.com, Forbes.com, Minneapolis Star Tribune, The Squawk Box (CNBC), Dow Jones News Service, ChannelNewsAsia.com, Chronicle of Higher Education - The Daily Report,  Yahoo! Asia News, Bloomberg, BizEd, KeepMedia, Business Roundtable Web, Kellogg SOM Web, Ethics Today, The Securities Law Beacon, The Washington Post, The Corporate Library, CBS MarketWatch, InvestorRelations.it, Indiana CPA Society News, REALTOR® Magazine, The Daily Progress,  Hoy Chicago, The Miami Herald, University of Michigan News Service, McCombs Weekly, BusinessPundit.com, International Engineering Education Digest, Corporate Library Web Site, The State News, Citizen Works, The Republican, GreenBiz.com, The Southern Institute, Indiana CPA Society, and Inside UVA.
Study: Ethics Often Lacking In Workplace Newsday, January 14, 2004 By Patricia Kitchen
	While Congress and regulators shine the ethics spotlight on lax board practices and high-level accounting scams, what really gets the average worker's goat are events that carry a personal sting -- the boss's favorite gets the promotion and he or she doesn't. The Business Roundtable, a heavyweight group of CEOs from such companies as General Motors and Procter & Gamble, is announcing an initiative today to embed ethics into business. But a new survey of 1,200 workers reveals that favoritism and hypocrisy are the integrity breaches they see most, not the books being cooked. While those high-profile board transgressions need to be addressed, said business professor R. Edward Freeman, "ultimately we need environments in which people are treated fairly."
The Business Roundtable Initiative on Ethics: a Vote for Managerial Moral Principles. (Turning Point) Journal of Corporate Citizenship, January 2004
	On 14 January 2004, The Business Roundtable, a public policy advocacy association of 150 chief executive officers (CEOs) of leading American corporations, announced a major initiative on business ethics--the establishment of the Business Roundtable Institute for Corporate Ethics (ICE). Located at the University of Virginia's Darden Graduate School of Business Administration, ICE will conduct research, create a cutting-edge business ethics curriculum, lead executive seminars on business ethics and develop best practice in the area of corporate and business ethics. In a question-and-answer session at the public launching of the initiative, R. Edward Freeman, Elis Signe Olsson Professor of Business Administration at the Darden School and newly appointed director of ICE, commented on the importance of 'trying to understand what it is, as business people, that we stand for'. To increase the influence of business ethics on the practice of management, Professor Edward Soule, a Georgetown University business ethicist, argues that a research approach covering a range of commercial and managerial practices, rather than focusing on isolated commercial practices, will result in comprehensive moral frameworks. Soule contends that, of the various competing business ethics research projects, only [Tom] Donaldson and [Tom] Dunfee's (1994, 1995, 1999) integrative social contract theory (ISCT)--which derives its moral authority from consensual agreements among free parties--is the most prominent and promising of the group.

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