DATA & RESEARCH

By: Clea Nabozny

On March 9 and 10, 2016, more than four hundred executives from the world’s leading companies gathered in New York City for Ethisphere’s Global Ethics Summit.  Thinking that this presented a great opportunity to gather insight about a few leading topics in corporate integrity, we asked the group to respond to a few questions. We’re happy to share these results with the broad community.  (Note that a qualifying question excluded those in government, academia, and representatives from sponsors.)

Methodology:  This survey was conducted by the Ethisphere Institute at the 8th annual Global Ethics Summit® in New York, New York, on March 9-10, 2016. Ethisphere polled 120 ethics & compliance, C-suite and other top-level executives across industries and regions during the event.

1. Which of the following primarily drives ethics-related change within your company?

Results based on 120 responses to this question

53.33%  (64) C-level executives
21.67%  (26) The board of directors
15.83%  (19) Middle management
5.83%  (7) Shareholders or investors
2.50%  (3) Human Resources
0.83%  (1) Lower level employees

 

2. What has been the most effective method of promoting ethical behavior at your company?

Results based on 120 responses to this question

43.33%  (52) Training programs and workshops
16.67%  (20) Encouraging employees to report unethical behavior
16.67%  (20) Integrating ethical behavior into employee assessments
15.00%  (18) Internal communications or marketing campaigns highlighting ethical behavior
8.33%  (10) Providing a straightforward incentive/reward program for ethical behavior

 

3. In which of the following does your company have the most room to improve?

Results based on 120 responses to this question

36.67%  (44) Employee recruitment, retention and reward
21.67%  (26) Sustainability initiatives
17.50%  (21) Financial transparency
12.50%  (15) Deals with third parties or how we approach product sourcing and supply chain
11.67%  (14) None

 

4. Is your company addressing the pay gap between executives and other employees?

Results based on 120 responses to this question

44.17%  (53) We do not believe that it is a major issue
23.33%  (28) We have/are planning on taking steps to close the pay gap
21.67%  (26) We have/are planning on addressing it with transparency
10.83%  (13) We do not have a significant pay gap between executives and other employees

 

5. How much do you think the immediacy of social media impacts companies’ accountability—especially for their behaviors?

Results based on 120 responses to this question

49.17%  (59) It has an extreme impact
45.00%  (54) It is somewhat impactful
5.83%  (7) It has no impact

 

6. When selecting a financial services company, how important is it that they are recognized as a good corporate citizen?

Results based on 120 responses to this question

53.33%  (64) Very important
37.50%  (45) Somewhat important
9.17%  (11) Not important

 

7. Do you think Millennials would be willing to pay more for goods and services from a company that is recognized as a good corporate citizen?

Results based on 120 responses to this question

84.17%  (101) Yes
15.83%  (19) No