Posted on January 24, 2010

Daniels Fund Awards $7.5 Million to Universities for Business Ethics Initiative

The Denver-based Daniels Fund has announced a $7.5 million initiative designed to strengthen principle-based business ethics education for students in eight partnering universities.

The business school deans from eight regional universities — the Daniels College of Business at the University of Denver, the University of Wyoming College of Business, Colorado State University, New Mexico State University, the University of Colorado at Colorado Springs, the University of New Mexico, the University of Northern Colorado, and the University of Utah — will form a consortium to leverage the achievements of the individual business schools in order to further strengthen and expand ethics education in the region. While the Daniels College of Business and the University of Wyoming College of Business already receive support from the fund, the six other universities will each receive $1.25 million over five years.

"Corporate scandals involving ethical misconduct have damaged stakeholder confidence and increased pressure for businesses and other organizations to establish clear standards for ethical conduct," said Daniels Fund president and CEO Linda Childears. "This crisis in business ethics is a serious concern for all of us and creates the opportunity to strengthen management education and to elevate the importance of business ethics curricula."