DuPont Reinforces Global Commitment to Ethics and Legal Compliance Through Collaboration With LRN
LOS ANGELES, Nov. 15 /PRNewswire/ -- LRN(R), a premier provider of legal, compliance, ethics management and corporate governance solutions, today announced it has extended two strategic agreements with DuPont (NYSE: DD) that support the DuPont commitment to conducting business with integrity and in compliance with applicable laws. A new multi-year agreement for online ethics and compliance education will extend a three-year relationship that has assisted DuPont in educating its nearly 60,000 employees on a range of ethical and legal topics. A separate multi-year agreement renews an eight-year relationship between the companies establishing LRN as the exclusive provider of Expert Legal Research and Analysis to the DuPont corporate law department and its outside counsel. Founded in 1802, DuPont is a global leader in science and technology, operating in more than 70 countries. Over the past two decades DuPont has evolved legal, ethics and compliance programs and practices to ensure its employees operate according to corporate standards of behavior and within both local and industry laws and regulations. The DuPont ethics and compliance education program, internally branded "LegalEagle(SM)," was developed in partnership with LRN to help further foster a corporate culture that ensures ethics as a fundamental corporate value. Since launching LegalEagle in 2003, more than 275,000 courses have been completed by DuPont employees on a variety of topics, including the DuPont Business Conduct Guide, antitrust, insider trading, careful communications and the importance of ethical business practices. "Our core values are the foundation on which our business success is built, and our relationship with LRN helps us embed our high ethical standards into all we do," said Marjorie Doyle, Chief Ethics and Compliance Officer at DuPont. "LRN understands that employee education is not a one-time effort and that ethics and compliance programs do not operate in isolation. Our relationship with LRN helps DuPont evolve our programs to meet changing risk areas and regulatory demands while integrating key learnings into our other compliance processes and systems. Through these efforts we are standardizing and unifying our initiatives to allow for better informed decisions and actions so that we live up to the corporate values that have driven DuPont for more than 200 years." This new agreement follows the creation of DuPont Ethics and Compliance Central, a dedicated team of compliance officers across the company's geographical regions and businesses, chartered with furthering the company's global compliance objectives. Through a comprehensive global risk assessment, Ethics and Compliance Central has helped to define the company's expanded ethics and compliance curriculum. Included is a mix of library courses that delve into global business topics, such as the Foreign Corrupt Practices Act, global competition, export controls and effective board governance, and courses that help build basic awareness of ethical principles and emerging enterprise risk areas, such as records retention. Delivered through the LRN online ethics and compliance education platform the Legal Compliance and Ethics Center(TM) (LCEC(R)), LegalEagle has played a central role in the overall compliance efforts at DuPont by helping employees and management become better informed about the laws and values that govern their day-to-day decision making. The renewed agreement includes the expansion of course curriculum to address global risk areas and the localization of the online platform to reinforce expectations for employees doing business both domestically and abroad. The localization of the LRN LCEC platform includes the translation of approximately 100 courses into a variety of languages, including Spanish, French, German, Italian, Japanese, Chinese and Portuguese, and enhancements to the platform that improve the retention of course material and program initiatives by tailoring the online site to meet the cultural and language needs of non-U.S. employees. LCEC has been credited with assisting DuPont employees deal with real-life ethical dilemmas by helping them learn to identify, evaluate and resolve legal and compliance risks. "We take great pride in our partnership with DuPont. The company has been an innovator in fostering a corporate culture that values ethics as a core principle. Its practices have been heralded internally with extremely high response rates from employees and externally by third-party sources," said Dov Seidman, CEO and Chairman of LRN. "DuPont has embraced this leadership role becoming one of the most active members in the LRN customer community, aiding other companies by sharing best practices and providing insight that helped us evolve the ethics and compliance solutions and services we bring to market. We expect LRN customers across the industries we serve will benefit as we continue to share current and future success of the DuPont initiatives." The extended partnership between DuPont and LRN for Expert Legal Research and Analysis meets the high standards set by DuPont for handling the evolving business of the law. LRN has provided high quality research with demonstrated cost savings to DuPont for nearly a decade. Through a global network of 1,700 highly qualified legal experts and access to KnowledgeBank, an electronic library of over 60,000 legal issues, LRN's Expert Legal Research and Analysis supports ongoing litigation activities and provides current, high-level research on emerging domestic and international legal issues for DuPont. The renewed relationship is a result of continued realized value added to the DuPont legal research process. Since 2001 LRN has been formally designated a Primary Service Provider as part of the innovative DuPont Legal Model. DuPont conducted a rigorous Six Sigma analysis of the LRN process for developing legal research, assessing the cost of producing legal research and the effectiveness with which it is used and found that it not only delivered high caliber legal research, but did so with significant savings in research-related fees. About LRN LRN provides governance, ethics and compliance management solutions that inspire, reinforce and set higher standards for ethically aware, responsible conduct in organizations throughout the world. The company works with leading companies throughout the world, including The Dow Chemical Company, DuPont, Johnson & Johnson, Pfizer, Proctor & Gamble and Raytheon. Our Governance and Ethics Management System(TM) (GEMS(TM)) offers global corporations an integrated solution for corporate governance, risk, ethics and compliance management. GEMS(TM) includes our flagship Legal Compliance and Ethics Center(TM) (LCEC(R)), a web-based education solution. LCEC(R) offers more than 200 courses, covering more than 3,600 topics, and has helped millions of employees around the world act more responsibly, work more productively and become better informed about the laws and values that govern their day-to-day decision making. Our decade long record in Expert Legal Research and Analysis delivers un paralleled legal research at significant cost savings to leading legal departments around the world. More information is available at www.lrn.com
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