5. Best Corporate Citizens 2010
1. Hewlett-Packard
2. Intel
3. General Mills
4. IBM
5. Kimberly Clark
6. Abbott Labs
7. Bristol-Meyers Squibb
8. Coca Cola
9. Gap
10. Hess
Note: Verizon ranked 27th out of 100, ahead of Johnson & Johnson, Starbucks, McDonalds and Xerox.
Source: Corporate Responsibility Magazine
6. Trailing the Pack
1. Abercrombie & Fitch
2. Bancorpsouth
3. Weight Watchers International
4. White Mountains Insurance Group
5. Axis Capital Holdings
6. Lorillard
7. Central European Media Enterprises
8. Fidelity National Financial
9. Scripps Networks Interactive
10. Bio-Rad Laboratories
Note: Companies listed alphabetically and not in ranking order
7. Key Legislation Regulating
Corporate Transparency
Regulation Fair Sarbanes-Oxley Lobbying Disclosure
Disclosure in 2000
Act of 2002 Act of 1995
• Eliminate • Major changes in • Provisions
privileged access the rules for attempting to
by financial corporate maintain a degree
analysts and governance, of transparency in
large investors to financial the activities of
key information
disclosure, lobbyists
auditor
independence &
corporate criminal
liability
8. Key Questions
Will greater
Can we comply with transparency build
Where is this push
the laws and keep up trust in our company
toward greater
with the public’s or will it merely open
transparency going?
expectations?
the door to further
harsh scrutiny?
9. The more the public
exercises its right to Is it worth trying to
know, the more it keep up?
seems to want to know
10. A company that positions
itself as “open” is trying to
convey that it welcomes
public scrutiny
Insert open
door image
If sustained,
Nothing to
then help to
hide
rebuild trust
14. Set social and Monitor your
Engage your
environmental external
stakeholders
performance targets
environment
Form an internal
Post your corporate
committee (e.g.,
governance policies
Disclosure
on your Web site
Committee)
15. Ethics training and Localize public Be willing to
commitment from issues with disclose all of your
employees to uphold employees and third- business, social and
business principles
parties
political activities
Address the tough
questions directly Conduct a “culture
and speak candidly audit”
with employees
16. Integrate your external engagement strategies—
from media relations to government affairs to
financial reporting
Champion the concept of openness throughout the
corporation
Drive the corporate culture
