E&C Pulse - November 29th

November 29, 2018 Ben DiPietro
 
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Corporate Volunteerism Does More Than Help People in Need

profile_pics_5Organizations around the world, including LRN, spent part of Tuesday letting their employees volunteer their time as part of Giving Tuesday.

While the goal is to help those in need and to raise awareness and money for worthwhile charities and causes, there are side benefits to the companies that participate--among them the chance to showcase their values, build team togetherness and advance their own ethics and compliance programs. 

One of the major roles of the ethics and compliance function is to create a culture based on organizational core values, said Beverly Kracher, chief executive of the Business Ethics Alliance in Omaha, Neb., and a professor of business ethics and society at Creighton University. 

"Giving back feeds that function since, in many cases, organizations value a sense of participation and community," said Kracher, who added if a company wants to do good it needs to talk about how to do good in its community. 

She cited as an example First National Bank, an Alliance member company that pledged in 2016 to re-invest $85 million and volunteer 100,000 hours in the Omaha community by 2020. A bank executive explained the company's philosophy in a blog post on the Alliance web site. 

"The way we at First National Bank see it, businesses have an obligation to their communities because no business operates in a vacuum," the executive, David Cota, wrote. 

"Companies that commit to taking care of their community and not just their bottom line put into motion a virtuous cycle: the business invests in its community, the community thrives, the community spends money at the business, and the cycle continues," he said. "Not only is it the right thing to do, but it’s also just plain good for business." 

Volunteering is such a part of the culture at senior advocacy organization AARP that, in addition to its work every Sept. 11 as part of a national day of service, the company provides employees up to six days each year to participate in community service activities that support AARP’s commitment to volunteerism.  

"It’s connected to our mission, our values, and our code of conduct. It’s what we do, what we believe and how we act," said Ellen Hunt, a senior vice president and audit, ethics and compliance officer at AARP. "We don’t just advocate for public policies that benefit people aged 50-plus, we also actually volunteer our time to help improve their lives." 

AARP employees for the last 10 years have come together every Sept. 11 to volunteer to support the needs of seniors. This year they gathered in Washington, D.C., to help pack more than 1.5 million meals that are distributed locally to struggling seniors, including veterans and first responders," said Hunt. 

AARP also offers its employees up to two weeks paid time off per calendar year to assist a family member who is aged 50 or older, or a family member of any age with a disability with reasonable personal care and daily activities. 

Volunteering and service is at the "core to who we are and how we operate," said Hunt. "Without our volunteers, AARP would not be the organization that it is." 

Kracher said organizations looking to engage in volunteering efforts should make sure the type of community involvement they do is consistent with who they are and their core products and services. 

Hunt echoed the same sentiment. "It’s important that whatever effort is made there is a clear connection between what the organization does, what it stands for and how it gives back," she said. 

At LRN, we had people in New York, Los Angeles, London and Mumbai take a few hours from their work days to offer help. We worked at homeless shelters, a hospice, an orphanage, a thrift shop whose proceeds help to fund social programs, and brought students from overlooked communities to our office to help them with their resumes and interviewing skills. We volunteered at an organization that assists farmers, took part in a conservation project, engaged in breast cancer awareness work, and handed out goodie bags to traffic cops and street cleaners.

"We, as humans, need connection to something larger than ourselves to truly flourish," said Jan Stanley, an LRN colleague who spent Tuesday afternoon at The Bowery Mission in New York sorting through clothes and helping women as they looked through the racks for something to help them stay warm, or that they could wear to a job interview.

"When organizations provide us pathways to do so, they are serving employee needs, providing benefits to the organization, and helping to contribute to society," she said. "That is leading with meaning." 

Ben DiPietro
@BenDiPietro1
ben.dipietro@lrn.com

 

 
MIND NUMBERS
 
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The Bowery Mission in New York provided 653,500 meals, 167,300 nights of shelter and 46,400 articles of clothing in 2017.
 

 
WHAT'S NEWS
 

Authorities in Germany raided the Frankfurt office's of Deutsche Bank as part of a money-laundering investigation, The New York Times reports.

A medical ethics board in China said it will investigate a doctor who said he edited the genes of twin girls before they were born, setting off a firestorm of debate about the ethics of doing so, MIT Technology Review and Axios report.

Accounting professor and documentary filmmaker Kelly Richmond Pope wonders in the FCPA Blog why no one trusts whistleblowers.

The executive chairman of Alphabet, the parent company of Google, said any company that does business in China "compromises some of their core values," CNBC reports. 

LRN's chief executive, Dov Seidman, wrote on LinkedIn that a company should applaud when its employees call them out on policies, as it's a sign its culture is strong.

A U.K. bank was slammed after some of its staff were found to be making fun of a bank customer that was a victim of fraud, BBC reports.

An attorney for Olympus Corp. criticized the management of the Japanese company for not improving the culture after an accounting scandal seven years ago, Japan Times reports.

The FBI created a fake website for a real, stock-listed company in an effort to catch a cybercriminal, and some are questioning the ethics of such tactics, Motherboard reports.

 


 

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FROM THE
WORLD OF LRN
 
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Next Friday, LRN's own Marsha Ershaghi Hames and Emily Miner will be leading separate speaking engagements at SCCE's Regional Philadelphia Compliance & Ethics Conference. Marsha will host a panel session on putting people first and Emily's session will focus on measuring impact of E&C programs.

CLICK TO LEARN MORE →

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Participate in our 2019 E&C Effectiveness Survey to provide data-driven insights that we will share in our annual report in 2019. To show our appreciation, everyone who completes the survey by December 15, 2018 will receive a complimentary LRN training vignette about conflicts of interest. 

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