Two local companies have been named to the second annual list of Worldâ€™s Most Ethical Companies, compiled by the Ethisphere Institute. Paychex Inc. and Xerox Corp. each made the list of 100 companies for the second time.
Jonathan Judge, Paychex president and CEO, said the honor reflects the companyâ€™s ongoing commitment to the values on which it was founded.
â€œPaychex was founded on a set of core values that emphasize innovation and exemplify commitment to the highest professional and ethical principlesâ€”and those same values and principles guide us today,â€ Judge said in a statement. â€œWe are incredibly honored to again receive this tribute recognizing our uncompromising standards.â€
Ethisphere praised Paychex for its innovative actions that forced competitors to follow suit and for â€œtruly embodying the notion that ethical business practices are more profitable in the long run.â€
â€œWe applaud Paychex. They are among the companies honored this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industries,â€ said Alexander Brigham, executive director of the Ethisphere Institute. â€œThey go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well being.â€
For Xerox, fostering ethics means having a credible, respected message that resonates with employees.
â€œWhen everyone focuses on tone from the top, you can have somebody standing there, yelling and shouting, but if theyâ€™re not respected, or if the message isnâ€™t properly received, or if the environment is one that is contrary to what the words from the top are, itâ€™s not going to be effective,â€ David Frishkorn, director of business ethics and compliance for Xerox, told Ethisphere. â€œThe real test of the tone from the top is that itâ€™s received well and that the employees commit to the program.â€
Researchers and analysts reviewed more than 10,000 of the worldâ€™s leading companies on six continents to determine the finalists.
The list will be featured in the upcoming issue of Ethisphere Magazine.
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