10 February 2004

The Business Roundtable teams up with U.VA to form Ethics Centre

The Business Roundtable teams up with U.VA to form Ethics Centre:

The Business Roundtable announced the creation of a first-of-its-kind business ethics center designed to renew and enhance the link between ethical behavior and business practices. The Center will be housed at the University of Virginia.

“This Institute is a bold investment that will bring together the best educators in the field of ethics, active business leaders and business school students to forge a new and lasting link between ethical behavior and business practices,” said Franklin D. Raines, Co-Chairman of the Business Roundtable and Chairman and CEO of Fannie Mae. “By bringing together the teaching and practice of business ethics under one roof, the CEOs of the Business Roundtable are aiming to make a lasting contribution to business ethics and the way our companies are run.”

The Business Roundtable Institute for Corporate Ethics, to be housed at the Darden Graduate School of Business Administration at the University of Virginia, is unique in its mission, its structure and its support from leading active CEOs. 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. All Institute programs and resources will be open to business leaders.

The Institute will offer a series of executive-level training sessions for CEOs and any member of a corporate senior leadership team. Two sessions will take place in 2004, with the number of sessions expanding in 2005 and 2006. Institute training sessions will be open to any and all interested corporate executives and information about registration will be available through the Institute office and its official Web site, The Business Roundtable Institute for Corporate Ethics.

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