ARLINGTON, Va., June 1, 2011 /PRNewswire/ -- The Corporate Executive Board (CEB) (NYSE: EXBD), a leading research and advisory services firm, awarded its inaugural "Integrity Capital" honor on May 20th to CEOs Greg Babe of Bayer Corp., Jeffrey Immelt of GE, Gord Nixon of RBC and Glenn Renwick of Progressive® Insurance. Awards were presented following an executive dialogue on "Making Integrity Pay: Evaluating the Impact of Corporate Culture on Business Performance," held at the New York Stock Exchange and moderated by Financial Times' US Managing Editor, Gillian Tett. Honorees were selected based on their uniquely strong corporate cultures and corresponding levels of Integrity Capital as determined by CEB's RiskClarity survey.
RiskClarity: A Corporate Integrity Service™ is an assessment which allows organizations to identify, mitigate and remediate risks inherent in the enterprise. With more than 500,000 employees surveyed, CEB has created a global benchmark that identifies both healthy, high-integrity cultures and those of low integrity. The four companies celebrated for their Integrity Capital all placed in the top quartile on the RiskClarity survey.
"One of the greatest challenges in leading a business is deciding what endures – what stands at the center of your enterprise even as you enter or exit businesses, geographies and growth platforms," said Tom Monahan, chairman and CEO, Corporate Executive Board. "Each CEO earning the distinction of Company of High Integrity this year has invested in building a corporate culture that defines his organization and that will endure regardless of shifts in business strategy or operational changes. As a result, each CEO has a pool of Integrity Capital that can be used to support and leverage outstanding business performance, and CEB is pleased to honor their achievements."
- 10-year shareholder returns that are as much as 16 percentage points higher than companies with low Integrity Capital;
- A 67 percent decrease in the most significant forms of business misconduct; and
- Up to 12 percent higher employee discretionary effort.
CEB's RiskClarity helps business executives effectively measure and manage their corporate cultures and positively impact the financial health of their organizations by illustrating exactly which elements of corporate culture lead to compliance, operational, and control failures. It also maps the differences in culture that a company experiences from one country, management level, or business unit to the next. Upon completion of the assessment, businesses can pinpoint areas within a company where employees refuse to report illegal or improper behavior they see at work, understand which teams create strong and productive environments, and which foster a fear of retaliation, suppress reporting to upper management, or experience more risk events than others.
To learn more about RiskClarity, please visit www.cebriskclarity.com. To view the webcast for "Making Integrity Pay: Evaluating the Impact of Corporate Culture on Business Performance," click here.
About the Corporate Executive Board Company
The Corporate Executive Board Company drives faster, more effective decision making among the world's leading executives and business professionals. As the premier, network-based knowledge resource, The Corporate Executive Board provides customers with the authoritative and timely guidance needed to excel in their roles, take decisive action and improve company performance. Powered by an executive network that spans over 50 countries and represents approximately 85% of the world's Fortune 500 companies, The Corporate Executive Board offers unique research insights along with an integrated suite of exclusive tools and resources that enable the world's most successful organizations to deliver superior business outcomes. For more information, visit www.exbd.com.
SOURCE Corporate Executive Board