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LRN to provide Tyco with ethics education services and interactive employee trainingPartnership with LRN is a key element in Tyco's effort to affirm high standards of conduct in the workplace NEW YORK (November 7, 2003) - LRN, a provider of legal, compliance and ethics education services to Fortune 500 corporations, announced today that is has signed an agreement with Tyco International to provide ethics education services and interactive training to Tyco employees around the world over the next five years. The LRN state-of-the-art comprehensive education regime is already used by some of the world's leading corporations, including Boeing, United Technologies, Dow Chemical, DuPont, Ford Motor Co., Pfizer, and Johnson & Johnson to help their employees become more informed and effective in addressing ethics issues, and reinforcing the highest standards for business practices. Tyco Chairman and CEO Ed Breen said: "Tyco is committed to setting the highest possible company-wide standards for honesty, integrity, and ethics. This commitment is shared by Tyco employees throughout the company. The education and training services provided by LRN will empower all employees and managers by giving them additional resources to implement the best possible governance practices at all levels of Tyco." Tyco Executive Vice President and General Counsel William B. Lytton said: "This partnership with LRN is the latest step in our program to establish world-class practices at Tyco. Over the past year, we have introduced a new employee Guide to Ethical Conduct that has been translated into 14 different languages, established clear policies on the delegation of authority for all executives and adopted new operating principals and committee charters for our board of directors. Establishing rigorous accountability across the company is an ongoing process and we look forward to working with LRN in the very important area of employee training." "Tyco's senior management team is unequivocal that the highest ethical standards and business practices beyond reproach are - and will be - the only acceptable conduct at Tyco," said Dov Seidman, chairman and CEO of LRN. "Every one of Tyco's 260,000 employees will have access to the entire LRN roster of coursework and training programs. We believe this ongoing relationship with Tyco's staff and stakeholders based on ethical values and principles will allow employees to become more effective and productive in their jobs, and ultimately make the right decisions when they count the most." The LRN methods and curriculum were developed over several years in collaboration with some of America's preeminent companies. Some courses Tyco employees can take and be certified on include:
The company's program is rapidly becoming the industry standard in ethics and compliance, and has expanded to include approximately 100 of the Fortune 1000. The LRN on-going, cooperative partnership with these corporations around the globe is essential to its ability to stay at the forefront of evolving best practices in both business operations and corporate governance. The firm delivers the world's leading Web-based education solution providing a wide variety of courses on legal, ethics and compliance issues, but it also aggregates and codifies information, perspective, and historical examples from its customers, whose case studies then serve as live illustrations of the need for and application of these principles. The new LRN contract with Tyco follows LRN work with the company earlier in 2003 as it helped the organization implement its "Tyco Guide to Ethical Conduct," which was unveiled to the company's employees at a series of Tyco-wide meetings on May 6, 2003. LRN helped create an interactive tutorial version of the Guide, translation of the Guide into 14 languages, testing of the system, and certifying the initial rollout. Under this new agreement, the company will deploy LRN comprehensive training modules to build substantially on its initial efforts, operationalizing its commitment to ethics throughout the world. |
