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Project on Public Trust in Business
 

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2009 l 2010


Media Coverage


Business school bulletin – September 2009    
Ethical Corporation, September 2009
 

Global equity markets down $30 trillion in 2008. Job losses in the US of 650,000 in one month alone. Consumer confidence down to record lows.

Lose public trust and it’s frightening how quickly the slide starts. This report is worth a read if only because it bucks the trend in business literature by dwelling on the upside, not the downside, of the current financial turmoil. Crises present opportunities, advocates of creative capitalism like to argue. So step up leaders and “make business better”, this paper urges.

[From] The Dynamics of Public Trust in Business, Business Roundtable Institute for Corporate Ethics and Arthur W Page Society, June 2009.

Topic of trust storms Davos
PRWeek, September 11, 2009
By Margery Kraus
 

As PR professionals, we have been talking a lot lately about trust. In fact, the recent Page Society report, developed in conjunction with the Business Roundtable Institute on Corporate Ethics, is devoted to the kinds of things companies and their leaders can do to overcome the present crisis of trust in business.

Ivory Tower: Public Trust in Business and Government—A New Way Forward
Ethisphere, August 21, 2009
By Brian Moriarty

Public trust in both business and in government has been low for decades. Since Gallup began measuring public trust in the professions in 1976, 19 percent of people on average have had a “very high” or “high” opinion of the honesty and ethics of business executives. Public trust in Congressmen has been even lower at an average of just 15 percent. Surprisingly, current low levels of trust do not adjust the result for recent scandals.

Bankruptcy of Trust: Redefining Values to Safeguard Your Reputation
PRNews, June 29, 2009
 

“Public trust in business is the level and type of vulnerability that the public is willing to assume with regard to business relations,” says Brian Moriarty, associate director for communications at the Business Roundtable Institute for Corporate Ethics, based on the findings of the Institute’s special report on the dynamics of public trust in business. “It is a critical ingredient for social cooperation and marketing efficiency, and a cause for deep concern when it is absent or threatened.”

   
Winning Back Public Trust A Report on What Business Needs to Do
BusinessWeek.com
By Patricia O'Connell
 

The Arthur W. Page Society and the Business Roundtable Institute for Corporate Ethics call for companies to align their interests more with those of the public (Interview With Roger Bolton)

 
 
Interview: Ed Freeman and Roger Bolton
PRWeek
, June 17, 2009
By Tonya Garcia
 

Senior reporter Tonya Garcia speaks to Ed Freeman, academic director, Business Roundtable Institute for Corporate Ethics, and Roger Bolton, senior counselor, APCO, about their role in the recent publication of the Arthur W. Page Society and Business Roundtable Trust Report.

Coffee and pastries but no debate
Economist.com
, June 16, 2009
  The annual meeting is the most visible evidence that the democracy at the heart of corporate governance (especially in America, where shareholders struggle even to propose motions for discussion or candidates for the board) is a sham.

One of the great questions surrounding corporate governance is why the big institutional shareholders, which tend to vote in support of management, go along with such a sham. Why do they not act as responsible owners and insist that management take shareholder democracy more seriously?

One obvious reason why institutional shareholders do not take more care in exercising their votes is that they are too busy trying to beat the market in the short term, so as to earn juicy bonuses, even though taking their duties as owners more seriously would lead to companies performing better in the long term. Public trust in business has plunged during the current economic crisis, as a new report by the Arthur Page Society and the Business Roundtable points out.

O mundo desconfiado
Terra Magazine
, June 6, 2009
By
Paulo Nassar
  O 4th Annual Tuck Symposium on Communication, realizado no último dia 2, em Nova York, sob o comando do renomado professor Paul Argenti, colocou na berlinda corporações, instituições e a imprensa, ao analisar imagem, confiança, comportamento e reputação, no âmbito da crise financeira global.

A confiança da sociedade nos negócios foi a questão dissecada por Brian Moriarty e Roger Bolton, que pinçaram informações entre os associados do Business Roundtable e da Arthur Page Society, com faturamento anual de cerca de US$ 5 trilhões e empregam perto de 10 milhões de trabalhadores.

 

About the Business Roundtable Institute for Corporate Ethics
The Business Roundtable Institute for Corporate Ethics is an independent business ethics center established in partnership with Business Roundtable—an association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees and $4.5 trillion in annual revenues—and leading academics from America’s best business schools. The Institute brings together leaders from business and academia to fulfill its mission to renew and enhance the link between ethical behavior and business practice through executive education programs, practitioner-focused research and outreach.
 

More information on the Institute can be found at www.corporate-ethics.org.

Contact: Brian Moriarty (434) 982-2323 – moriartyb@darden.virginia.edu

 

 

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Questions?  Contact Brian Moriarty