$1.5M Gift for Leadership, Ethics Ed. at Smith

The University of Maryland’s Robert H. Smith School of Business will receive $1.5 million from the BB&T Foundation to support business ethics and leadership programs, the school announced today.

Awarded over a 10-year period, the gift will fund new curriculum and the BB&T Colloquium on Capitalism, Ethics and Leadership lecture series at the Smith School’s new Center for Leadership, Innovation and Change, which will launch in the fall of 2010.

This center will focus on fostering synergies among research, education and practice to generate new knowledge about leadership, innovation and effective change in organizations. To meet these goals, the BB&T Colloquium on Capitalism, Ethics and Leadership will bring together students, faculty, staff, alumni and the public for a spring lecture series.

According to a statement, the center will also use the BB&T gift to create undergraduate, MBA and executive education curriculum that will focus on the logic and morality of capitalism.

Smith School dean G. “Anand” Anandalingam expressed his gratitude for the support, saying that “Since the unraveling of the nation’s financial system, we’ve really come to recognize the need for better leadership education for current and future business leaders. This generation needs to understand the origins of our capitalist system from a historical and moral context in order to make good decisions that take all stakeholders into account.”

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