Marriott International Named to "World's Most Ethical Companies" List by Ethispere Magazine
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Marriott International Named to "World's Most Ethical Companies" List by Ethispere Magazine
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2007-05-25
Marriott International, Inc. (MAR: NYSE) has been named one of the “World’s Most Ethical Companies” by Ethisphere Magazine, a national publication dedicated to illuminating the important correlation between ethics and profit. The elite list of companies was recognized for their strong leadership in ethics and compliance, advancement of industry discourse on social and ethical issues, and positive engagement in the communities in which they operate.
“Our commitment to high ethical standards starts at the top and every day we challenge our associates to uphold that commitment to each other, our shareholders, our guests, our business partners and our surrounding communities,” said John Geller, chief audit executive for Marriott International. “We are honored to be recognized as one of the best.”
Ethisphere Magazine has a circulation of 65,000 global board members, CEOs, general counsel, chief ethics and compliance officers and institutional investors. It offers insights into gaining market share and creating sustainable competitive advantage through ethical business practices and corporate citizenship.
The editors of the magazine chose fewer than 100 companies from several thousand organizations that they analyzed over a six-month period. “This was a rigorous process that identified a select group of companies that were unequalled in their industries for their commitment to ethical leadership and corporate social responsibility. These organizations go beyond making statements about doing business ethically; they translate those words into action,” said Alex Brigham, executive editor of Ethisphere Magazine.
The process included reviewing companies’ codes of ethics, litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices; looking at companies’ activities to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback and rating.
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