Arizona businesses make "Most Ethical" national listingMarch 28, 2016 12:28 pm Leave your thoughts
In the 10th annual list of the World's Most Ethical Companies includes two Phoenix-based companies — Avnet Inc. and ON Semiconductor. While being the only two Arizona-based companies to make the list, other companies that have significant Arizona presence were also included, like Santa Clara, California-based chipmaker Intel Corp., USAA and Waste Management.
The Ethisphere Institute compiles The World's Most Ethical Companies program and the organization committed to honoring companies that have put in place internal standards and practices internally, thereby "enabling managers and employees to make good choices, and shaping future industry standards by introducing tomorrow's best practices today."
The honoree announcement further notes that companies included in the list "historically out-performed others financially," citing a link between ethical business practices and success. To determine ethics in practice at these companies, the businesses are given a 180 question evaluation with questions touching on categories including ethics and compliance programs, corporate citizenship and responsibility, culture of ethics, governance, and leadership, innovation and reputation. From there, the information is verified by a panel of advisors through independent research.
"Given our competitive marketplace and the rapid consolidation occurring in our industry, the ability to consistently demonstrate ethical operations and culture is more critical than it has ever been," ON's President and CEO Keith Jackson said in a statement. "Companies who build their organizations on a foundation of integrity and accountability will outpace their competitors. In the current global environment, one of the biggest differentiators that companies can leverage is their ethical practices."
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