Center for Ethical Organizations

What it reported doing in 2018

Thought leadership -from a "thought leadership" standpoint, the center is already working with the ethics and business law faculty of the opus college of business on research in business ethics and corporate responsibility. Achievements include: a. The center's landmark book, corporate responsibility: the american experience, won the "best book" award from the social issues in management division of the academy of management.b. The center served as project leaders and editors with the business ethics faculty of the opus college of business in editing the third edition of the wiley blackwell encyclopedia of management business ethics volume. This third edition volume brought together leading ethicists to contribute articles on ethical theory, ethical trends, and emerging ethical issues in our society.c. The center is also providing support to dr. Christopher michaelson, associate assistant professor at the university of st. Thomas' opus college of business, who is serving as the secretariat of isbee (international society of business economics and ethics).recognition for its outreach to the business community -from a "practice leadership" standpoint, the center's leadership has been recognized by the society for corporate compliance and ethics with one of several international awards for "pioneering in the field of applied business ethics through executive leadership training focused on developing integrity and ethical behaviors in order to improve corporate citizenship and corporate culture." the center's leadership has also been recognized as one of the "100 most influential people in the field of business ethics" by the ethisphere institute for its work in the thought leadership category. As a result, the center continues to be called upon to develop and deliver leadership training services for organizations in a variety of industries.intersecting thought and practice leadership -this represents a point of differentiation for the center and the opus college of business. We are working to create the opportunity for collaboration between the thought and practice leadership communities and to nurture their shared interest in supporting principled leadership as they build and sustain ethical cultures. The center sponsors or co-sponsors high profile speakers to the Minnesota community; creates opportunities for its member companies to share "best practices and "lessons learned" while learning from each other through its "roundtables; and, speaks in local, regional, and national public venues each year. We are using these forums to create opportunities for shared dialogue between "thought and practice" leaders. The center also developed executive roundtables for small and mid-size companies as well as programs for center members and friends focused on: aging and advisors center leaders forum (three times)assisting in the education of the next generation of leaders -the center assists the opus college of business' faculty in educating highly principled global business leaders by serving as adjunct faculty, guest lecturers, and/or providing linkages of the business community directly into the classroom. The center has sponsored a cebc ethics case competition in the full-time ust mba program at the opus college of business with winning teams successfully competing against major academic institutions at the international business ethics case competition (ibecc) sponsored by the center for ethics and business at loyola marymount university, the ust opus college of business, and the ethics & compliance officer association (ecoa).

Financial Efficiency

• Mission deployment rate: 75.4%; rating input score 75
• Program expense ratio: 76%; rating input score 76
• Fundraising efficiency: $16.42 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.8%; rating input score 43; 43rd percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 16.5%; rating input score 24; 24th percentile among comparable filings

Growth

• Program expense growth: -35.9% per year; rating input score 0; 3rd percentile among comparable filings
• Revenue growth: -35.2% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -51.2% per year; rating input score 0; 1st percentile among comparable filings