[Updated] The Ethics Case for Due Diligence: Azish Filabi's New "Expert Analysis" on Law360

The case for business ethics was recently made very clear to me when I co-chaired at the New York State Bar Association International Section’s Seasonal Meeting in Guatemala, particularly as it relates to hidden ethics risks in M&A transactions.  I wrote a piece for the Law360 site as part of their "Expert Analysis" explaining these risks.  It's a case study about A.P Moller-Maersk who purchased a port in Guatemala in 2016 just before it became embroiled in a corruption scandal, eventually adding another $43M to their acquisition costs to get a new, clean permit.

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Ethical Systems is a Compliance Officer Day Champion

Ethical Systems is honored to have been chosen as a Compliance Officer Day Champion. Compliance Officer Day, on September 26, is an annual event put on by SAI Global recognizing the professionals who have dedicated their careers to the field of ethics and compliance. The goal is to raise awareness of resources, support wellness, and promote growth among the ethics and compliance community.

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Our New Collaborator: Marshall Schminke

We welcome Marshall Schminke as our newest Ethical Systems collaborator. Marshall serves on the working group for our culture measurement project and is both a leading voice on business ethics in the media and in the classroom. 

Bio:
 

Marshall Schminke is the BB&T Professor of Business Ethics at the University of Central Florida, where he specializes in business ethics and strategy.  He received his doctorate from Carnegie Mellon University, and has served as a Visiting Scholar at Oxford University and the London School of Economics. 

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Featured Business Ethics and Compliance Expert: Azish Filabi

Interview with Azish Filabi, CEO of Ethical Systems

 

As the CEO of Ethical Systems, what keeps you motivated? Are you optimistic about the current state of business? 

I am motivated every day by the opportunity to connect businesses with research and strategies that will make them more ethical and productive for the long term. We at Ethical Systems believe that good ethics is good business and our mission is to strengthen ethics within organizations by providing content, resources and tools by which to improve internal cultures and climates. It is rewarding to know that our organization is playing a needed role, and connecting with like-minded professionals.

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Azish Filabi Interviewed by the American Marketing Association

Ethical Systems CEO Azish Filabi, was interviewed in a far-reaching discussion with Hal Conick published on Marketing News, a publication of the American Marketing Association.

In the piece, which covers both the components and traits of an ethical leader as well as how to make ethics front and center in the hiring process and how marketers can be more ethical, Azish connects research with practice, helping identify academic reference points to confirm potential, and profitable, strategies.

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A New Paradigm For "Just" Business: JUST Capital publishes its research results

In 1970 Milton Friedman wrote a now famous essay in the NY Times Magazine declaring that the social responsibility of business is to increase its profits.  Since then, writers and researchers have been debating whether this accurately reflects the responsibilities of business in society.  In the decade since the Global Financial Crisis these debates have become particularly critical, with some participants questioning the basic principles of free market capitalism and whether they serve our current societal needs.

 

But what if the best way to do right by shareholders was to run a socially responsible business? 

 

New findings by JUST Capital are showing that this is often the case.  JUST Capital is a non-profit research organization whose mission is “to build a more just marketplace that better reflects the true priorities of the American people.”  Their distinctive research approach began with a survey of the U.S. public on what they believe makes a “JUST” company.   

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Ethical Systems Releases New Behavioral Science eBook: Head to Head: A conversation on behavioral science and ethics

Ethical Systems Releases New Behavioral Science eBook: Head to Head: A conversation on behavioral science and ethics

New York, NY – Ethical Systems is pleased to announce the release of Head to Head: A conversation on behavioral science and ethics a new, free eBook created to help practitioners in the ethics and compliance field integrate social and behavioral science research to help strengthen employee-focused programs.

Structured as a series of one-on-one conversations between Ethical Systems CEO Azish Filabi and Ethical Systems collaborator, Jeffrey Kaplan, partner at Kaplan & Walker, LLP, Head to Head demystifies academic research and makes findings applicable to practitioners. Research is curated and explained to make integration into existing programs easy and serviceable. Filabi's deep expertise as a lawyer and work as an Ethics Officer at the NY Fed coupled with Kaplan's pioneering writing on conflict of interest and tenure within the legal community, make for an ideal background from which to distil information and make it palatable for the business world. In addition, Head to Head: A conversation on behavioral science and ethics has been professionally designed to structure content and facilitate the application of the many lessons and tips featured throughout the eBook.

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Are We In a Compliance Arms Race?

Over at the NYU Law's Compliance and Enforcement blog, ES CEO Azish Filabi has written a guest post on whether companies are in a compliance arms race-- and the detrimental impact it can have on organizational culture and ethics.

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Introducing the Ethical Systems Culture Measurement Tool

Ethical culture is the linchpin to running an ethical organization. Yet, while everyone agrees that culture is a vital aspect of any successful organization there is no consensus on how to analyze and measure it. At Ethical Systems, we are working with the top researchers on organizational culture and have developed assessment tools that companies can use. Our new Ethical Systems Culture Measurement site provides a suite of modules designed to measure various elements of organizational culture.

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Featured Ethics and Social Science Expert: Jonathan Haidt

Interview with Jonathan Haidt, author of The Righteous Mind and Thomas Cooley Professor of Business Ethics at NYU Stern 

 

What are your main areas of research/work around business ethics?

 

What I discovered when I moved to NYU-Stern in 2011 is that there’s a lot of great research on behavioral ethics going on at business schools, which I had not known about as a social psychologist studying morality, and which ethics and compliance officers generally didn’t know about. What was needed was a way to gather up all the existing research and make it available and accessible to businesspeople. That’s why I created the first iteration of Ethical Systems back in 2011 – it was originally just a simple website to bring together all the varied worlds of knowledge that one needs before one can try to improve these complicated things called corporations. In 2014 the site was re-launched as the much larger collaborative project that it is today. Through our collaborative approach, we are researching topics where we think business could benefit, such as culture measurement.

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