The Hillary Step will be bestowed every four years upon the person whom the Institute, based on advice from the Hillary Summit, decides best epitomises great leadership in the chosen topic area. The Hillary Step is valued at a minimum of USD100,000 and complements the Nobel and similar awards at the highest international level and acknowledges a field of leaders not currently recognised in its own right. Attracting international focus upon the recipient and their work, the Hillary Step will bring international attention to those great leaders who make the world a better place.