Student Center for Public Trust
The Student Center for Public Trust has 37 chapters in 18 states and consists of students that show dedication to ethical leadership. This organization focuses on the importance of not only ethical leadership but also the necessity for accountability, integrity and trust across all avenues of business. Student CPT chapters have resources, mentors and networking available due to the NASBA (National Association of State Boards of Accountancy) Center for Public Trust.
The most notable benefits of membership include:
- Obtaining unique skills, setting yourself apart as an ethical leader and differentiating yourself from other potential job candidates
- Having the opportunity to participate in training sessions, community service projects, conferences and a unique ethical leadership certification
- Interacting and networking with faculty, local leaders and various executives
The Auburn SCPT (sponsored by the Center for Ethical Organizational Cultures) meets twice a semester and emphasizes realistic learning with prominent guest speakers filling the bulk of each meeting. The inaugural meeting (on October 23rd, 2017) showcased Alfonzo Alexander, Chief Relationship Officer of the National Association of State Boards of Accountancy and the President and CEO of the Student Center for Public Trust.
“The SCPT will become the focal point for providing student information and resources to advance ethical leadership in their careers. Mr. Alexander’s talk was as engaging as it was informative. Often asking participants to give their thoughts on certain ethical dilemmas and encouraging discussion – it was an opportunity to put a more dynamic face on a subject that is so often met with nonchalance. This event was a fantastic first impression for an organization that aims to make a big splash on campus,” said Auburn SCPT chapter advisor O.C. Ferrell, the James T. Pursell, Sr., Eminent Scholar in Ethics and Director of the Center for Ethical Organizational Cultures.
- Shelby Wyatt, President
- Edmund Wang, Vice President
- Michael Sims, Treasurer
Contact Information and How to Join
The Auburn SCPT is actively planning its events for the Fall and Spring and looking for any student interested in ethical leadership. To become a member, contact the Center for Ethical Organizational Cultures, at firstname.lastname@example.org, or search Auburn SCPT on AUinvolve.
On Thursday September 27, Carol Tomé spoke to the Auburn SCPT (and to the Auburn Family) in a speech entitled "Culture Eats Strategy for Breakfast.
- Carol Tomé is the chief financial officer and the vice president of coporate services for The Home Depot
- Carol has experience throughout a variety of topics including financial reporting and operations, financial planning and analysis, and internal audit amongst many others
- The Wall Street Journal listing her as No. 2 best chief financial officer in corporate America in 2012 and she was listed on Fortune’s Top 50 Most Powerful Women in Business the next year (for the second consecutive year)
- Carol is highly involved in the community, serving as a board member for the Federal Reserve Bank of Atlanta, The Metropolitan Atlanta Chamber of Commerce, Grady Hospital and numerous more
Read below to find out more about Carol's insightful speech! Written by Joseph McAdory.
The Home Depot takes care of its associates who take care of their customers. This strategy -- or culture -- is a big reason why the home improvement giant recorded its highest sales earnings (nearly $101 billion) in company history in 2017.
Carol Tomé, Chief Financial Officer at The Home Depot since 2001, shared this philosophy, “How Culture Eats Strategy for Breakfast” via video conference with roughly 150 Harbert College students Thursday morning.
Dean Ranft introduces Carol Tomé
“We are defined by our culture – and our culture starts with our unique management construct, which is the inverted pyramid,” said Tomé, who has been ranked by the Wall Street Journal and Fortune Magazine as one of the top women in business. “Our CEO is at the bottom of the pyramid -- and at the top of our pyramid are our associates (employees) who serve our customers. We (executives) bear the weight for the actions that we take and the decisions that we make. We at the bottom of the pyramid should bear that weight so that we can free up our associates to take care of our customers.”
The Home Depot wasn’t always the world’s largest home improvement retailer, however. In fact, when the housing market crashed from 2006 to 2009, the company lost $13 billion, or 25 percent of its sales. Tomé said the company simply relied on its core values. “We had to make some very hard decisions,” she said. “As we were making those decisions, we went back to what our co-founder Bernie Marcus said. He said, ‘If you take care of your associates, they will take care of the customers, and everything else will take care of itself.’
“During that time when many companies were freezing raises, freezing contributions into 401K plans and stopping bonus plans, we said, ‘Nope. We’re not going to do that. Not for the front line. Not for the associates who are taking care of our customers.’ For all of our store associates, we continued to pay merit increases, we continued to make 401K contributions, and we continued to pay success sharing, which is a bonus plan for our hourly associates. We stayed true to that.
“Our associates matter. They are a name and a face. We invest in them – not just in pay, but through education and learning opportunities for career development.”
Tomé noted that executives at the bottom of the pyramid did not enjoy the same luxuries, but instead enjoyed watching the company grow out of the recession.
“We believed that when the economy turned around, then so would we,” she added -- and she was right.
Before Tomé worked for The Home Depot, she served as Vice President and Treasurer at Riverwood International Corporation in Atlanta. But the new Georgia resident fell in love with a certain home Atlanta-based improvement retailer and even became a company shareholder.
Then she received a phone call to work there.
“I wasn’t sure if it was right for me,” she explained. “I went to one of my friends and I asked them what they thought.”
Their advice – take the job!
“Had they not told me that, and had I not listened, I wouldn’t have gone back and who knows where I would be today,” she said.
“Don’t be too planful or you will miss out on opportunities that you can’t even dream exist. Be sure to take risks along the way. Make sure to build really big networks – people that you can leverage when you are faced with these turns that happen as you go down your life’s journey. The road is going to make twists and turns and you are going to have to make decisions – do I go left or right – and if you have a strong network, you can leverage that network to help you make decisions.”
Thursday’s presentation was sponsored by Auburn University’s Center for Ethical Organizational Cultures through its Student Center for Public Trust.
“Mrs. Tomé provided important insights as to how high integrity organized cultures can drive success,” said O.C. Ferrell, James T. Pursell Senior Eminent Scholar in Ethics and the Student Center for Public Trust Director. “She is a role model for students as they develop their career paths.”
OC Ferrell debates Michael Sims on the issue of advertising prescription drugs on November 10, 2018.
Alfonzo Alexander is Chief Relationship Officer of the National Association of State Boards of Accountancy (NASBA) and the President and CEO of the Student Center for Public Trust. Alexander was the inaugural speaker for the Auburn SCPT chapter and addressed more than 115 students during his talk on “Ethical Leadership: The True Sustainable Leadership.” He shared personal and professional experiences about how ethics has played a role in his success and consequently, plays a role in many business professionals’ demise.
For more information on Alfonzo, take a look at these links:
- SCPT website bio: https://thecpt.org/about-us/cpt-staff/alfonzo-alexander/
- NASBA website bio:
Or check out this story from the Harbert College of Business on Alfonzo’s inaugural speech:
Auburn's chapter of the Student Center for Public Trust held its spring meeting on Monday, March 19th, featuring guest speaker Wilson Nash. Nash earned his Juris Doctorate from the University of Alabama School of Law where he graduated Magna Cum Laude. He now functions as the Associate General Counsel for Brasfield and Gorrie, LLC, one of the largest privately held construction companies in the U.S. Here he reviews and negotiates contracts and purchase orders on a daily basis along with providing project-specific counsel. Mr. Nash also serves as the ethics and compliance officer and therefore is responsible for the oversight of ethics and the firm’s code of conduct.
In his captivating speech on balancing ethics and compliance with two separate workforces, Mr. Nash provided examples of the success of Brasfield and Gorrie and its commitment to stakeholders. The firm has an unwavering commitment to quality and integrity. For example, safety is their highest priority which is reflected in their SEE IT, OWN IT, SHARE IT initiative. The company’s values also include performance, integrity, respect, innovation and teamwork. Brasfield and Gorrie was the first construction firm to become a member of the Society of Corporate Compliance and Ethics. The firm also has an ethics and compliance hotline which is monitored by a third party.
Updated: August 31, 2017