James H. Quigley, CEO of Deloitte & Touche USA, LLP stated that "Deloitte has had a long and fruitful association with the University of Illinois, which has graduated more of our partners and professionals than any other institution. Now, we're proud to provide support for the University's Center for Professional Responsibilities in Business and Society."
The center's mission will be to serve the business professions and society through the development of leadership skills; developing innovative learning experiences for tomorrows leaders throughout their learning experience. The professional responsibility, ethical concern and integrity that is a necessary tool in the evolving financial market, must be taught throughout the student's educational experience.
Sharon L. Allen, the chairman of the board of Deloitte & Touche USA, LLP and chairman of the Deloitte Foundation, added, "The questions of professional integrity that businesses have faced in recent years are a reminder that a commitment to professional responsibility and ethics must be continually renewed and nurtured.
The funding for such an undertaking could not have happened at a more crucial time in the financial market; the Sarbanes-Oxley Act, and the recent scandals involving US corporations has reinforced the need for ethics education and integrity in a developing generation of future leaders.
An additional benefit of the ethics initiative will be the development and dissemination of curriculum and teaching materials to other universities and colleges. Initiatives such as this foster growth and professional integrity in the accounting profession across the nation, thanks to the foresight of charitable foundations, and public colleges and universities.
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Source: http://www.articlealley.com/article_91531_15.html