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LVMH marries ethics and elegance; renews LRN contract for legal, ethics and compliance education for all U.S. employees

LOS ANGELES, CA, July 31, 2003 -- LRN, a provider of legal, compliance and ethics education services to Fortune 500 corporations, today announced that LVMH Moët Hennessy Louis Vuitton has extended its contract with LRN ® to provide ethics, legal and compliance education to 10,000 members of its US-based workforce through the LRN Legal Compliance and Ethics Center (LCEC) ® .

The agreement extends an ongoing LVMH commitment to ensuring that the excellent reputation of its brands is backed by business conduct that meets the highest legal and ethical standards.

"LVMH has long been a trusted and valued partner of LRN, and we are honored that they have chosen to continue their relationship with us," said Dov Seidman, CEO of LRN. "One of the core goals of LVMH is to strive to be the best in all that it does, and that includes setting the standard for ethics in the workplace. It's very rewarding to play such a central role in helping the company achieve that objective."

Counting 150 of the Fortune 500 companies as customers, LRN has set the standard in legal, ethics and compliance education services. Through interactive tutorials, online handbooks and other educational tools, LCEC helps LVMH employees to do the right thing and empowers them to make informed legal and ethical decisions in their daily work. The courses are delivered through an Internet platform, meaning no additional software is installed on customers' computers, which greatly reduces implementation time, maintenance costs and technology barriers. Additionally, updates and changes to the courses can be rolled out immediately to every user.

"When people buy a bottle of Dom Perignon champagne, or a Tag Heuer watch or a piece of Louis Vuitton luggage they expect nothing but the best in quality," said Seidman. "That speaks to the underlying integrity of the products, including the integrity of the people who make and market them. It is very rewarding to be able to work with LVMH to help them protect their integrity and reputation."

 
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Encouraging professional business ethics starts at the top with an organization's code of conduct, a set of guidelines that describe the proper practices for an organization. In most cases, an organization's code of conduct states principles that govern the organization's interactions with employees, customers, business partners, government, and outlines global business ethics.

LRN helps organizations build their code of ethics and to infuse it at every level of the company through diversity education, ethics courses and sexual harassment training. LRN's ethics and compliance training programs promote a principled working environment that increases productivity company-wide. Additionally, our ethics training solutions reduce your compliance risk through the power of education and communication.

LRN has inspired ethical leadership in business since 1993. Our expertise in the areas of corporate ethics training, workplace diversity training, and harassment training have helped companies worldwide create a respectful corporate culture.