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Business Roundtable Launches New Institute

1/19/2004 --

ANN ARBOR, Mich.---Timothy L. Fort, University of Michigan Business School associate professor of business ethics and William Davidson Institute co-director for the Corporate Governance and Social Responsibility area, is one of 10 ethicists leading a Business Roundtable ethics initiative.

The Business Roundtable Institute for Corporate Ethics will bring together educators in the field of ethics, business leaders and business school students to forge a new and lasting link between ethical behavior and business practices, says Franklin D. Raines, co-chairman of the Business Roundtable and chairman and CEO of Fannie Mae. The institute, to be housed at the Darden Graduate School of Business Administration at the University of Virginia, will conduct research, create a business ethics curriculum, lead executive seminars on business ethics, and develop best practices in the area of corporate and business ethics.

In October, Fort received the Academic Leadership Award from Beyond Grey Pinstripes 2003: Preparing MBAs for Social and Environmental Stewardship, sponsored by the World Resources Institute (WRI), an environmental think tank, and Aspen Institute's Business and Society Program, which helps business executives integrate financial success and social and environmental progress.

Joining Fort in the Roundtable ethics initiative are faculty from Darden Graduate School, Harvard University, Wharton School of the University of Pennsylvania, Northwestern University's Kellogg School of Management, Pennsylvania State and the University of Texas.

The Business Roundtable is an association of CEOs of leading corporations with a combined workforce of more than 10 million employees in the United States and $3.7 trillion in revenues. For information about the Business Roundtable Institute for Corporate Ethics, visit www.corporate-ethics.org.



For more information, contact:
Mary Jo Frank
Phone: 734.647.4626
E-mail: mjfrank@umich.edu