Ethisphere Institute
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Ethisphere Institute
The Ethisphere Institute is a for-profit company that defines and measures corporate ethical standards, recognizes companies that excel, and promotes best practices in corporate ethics. The company is located in Scottsdale, Arizona. The company publishes ''Ethisphere Magazine'' and announces its World's Most Ethical Companies award once a year. The company also offers verification services for corporate ethics under such names as "Ethics Inside Certification" and "Compliance Leader Verification". It hosts the Global Ethics Summit every March in New York City and manages a community of compliance, ethics and legal professionals known as BELA, the Business Ethics Leadership Alliance. Operations The Executive Chairman of Ethisphere, Alex Brigham, created the institute in 2007, as part of Corpedia, a compliance training company. In 2010, Corpedia was sold but Ethisphere's ownership was retained by Brigham. Tim Erblich is Ethisphere's CEO. Criticism Ethisphere has been criticized ...
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For-profit Company
A for-profit corporation is an organization which aims to earn profit through its operations and is concerned with its own interests, unlike those of the public (non-profit corporation). Structure A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public. The purchasers of those shares then become the company's shareholders; shareholders have bought a portion of ownership of the corporation by giving away certain amount of money (differentiating from company to company) or assets of a particular value. Such organizations are usually not aided by the government as they are working for private financial gains, unlike a non-profit organization, which exists to serve a mission. The nature of a for-profit corporation is such that it is required to pay applicable taxes and register with the state. Any donation which they re ...
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