Thank you for joining us this evening to memorialize the Inauguration of the first Endowed Chair at, Southern New Hampshire University.

Thank you President and Mrs. Gustafson and the School of Hospitality, Tourism and Culinary Management for your warm and gracious hospitality.

The answer to the first question is clear. There is a Need!!

Unethical behavior in business such as Enron, Arthur Anderson and many more are not new. They have been with us from the beginning of time.

As the Globalization of the World Business’s expand, un-ethical business conflicts will arise and increase from all parts of the world because of the many diverse business value systems being used. The need for a better understanding of Global Business ethics will slowly emerge.

Transparency International’s recent Annual Global Corruption Perception Index ranked; Denmark, Finland, New Zealand, Sweden and Canada as the five most ethical countries out of over 100 reporting. The United States was ranked 18th with the United Kingdom, Germany, France, Japan and others ranked even lower.

On yet another Transparency International report dealing with bribery; the Bribe Payers, the United States was ranked 9th out of 20 reporting, with Sweden, Australia, Canada, United Kingdom ranked more favorably.

The basis for an Aristotelian ethics vision is: Global Eudaimonia.

“The term Eudaimonia coined by Aristotle, is the material and the spiritual well being of a society, the ultimate goal, the Teleos.

An ethical system teaching that what is morally good should be chosen because it leads to happiness.

The establishment of “The Business Ethics Chair” is one small step in assisting all of S.N.U.’s students, and the Global business community to obtain “Global Eudaimonia”.

Thank You.

God Bless S.N.U.

God Bless America

And God Bless You All

END C.P.