June 23rd, 2014

New institute for business ethics at SMG

Thanks to businessman Harry Susilo

The Harry Susilo Institute for Ethics in a Global Economy (IEGE) has been established at the BU School of Management, thanks to a generous gift from Indonesian businessman Harry Susilo.

The IEGE will promote dialogue and debate through scholarly work in global ethics and by teaching cross-cultural business practices that focus on ethics in both Western and Eastern cultures. It is SMG’s first permanently endowed institute.

The gift was announced by BU President Robert A. Brown at the campaign dinner gathering in Beijing.

Harry Susilo was born in Jakarta, the son of Chinese parents. He is the founder and chairman of the Sekar Group, established in 1966 and based in Surabaya, Indonesia. Sekar is comprised of companies involved with manufacturing in the fisheries and food sectors, and with agriculture, food distribution, trading, finance, and tourism. Susilo is also chairman of All Bluesky Enterprise Pte Limited, a trading company based in Singapore. He is a member of the SMG Dean’s Asia Advisory Board and the President’s International Advisory Board. Susilo is the father of BU graduates Finna Susilo (GSM’98) and Fanni Susilo (CAS’00).

If we want a sustainable business environment, then we must establish a virtuous cycle in business ethics.” —Harry Susilo

The institute is meant to have a positive influence on the global economy, Susilo said, noting, “If we want a sustainable business environment, then we must establish a virtuous cycle in business ethics.”

“Harry is deeply interested in the cultural roots of ethical behavior, and how those roots influence business in the East and the West,” said Kenneth Freeman, Allen Questrom Professor and Dean of SMG. “He is also a generous person who is eager to support worthy causes in Indonesia, China, and now in the United States.”

The institute will develop teaching cases conveying lessons from both Western and Eastern ethical frameworks, according to SMG. Carrying out this mission calls for collaboration between SMG faculty and faculty from research centers at universities across Asia, which Susilo and his advisors will help facilitate.

In addition to providing research funding, the Susilo endowment will support the IEGE director—a world-class scholar to be named later—and an annual Harry Susilo Institute Symposium for the Study of Ethics, to be held in Boston and Asia in alternating years.

“My earnest hope is that the University can promote the study of business everyone with a dream to be able to realize that dream and achieve lifelong goals,” Susilo said.

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