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The term “ethical company” can seem like an oxymoron since a financial crisis that revealed some of the dirtiest secrets in the mortgage and housing industries.But not every company has grown so large and so greedy that the only thing its executives can think of is how high and fast they can boost their share price. In fact, there are a host of companies that see it as their mission to be more than profit generators.
Each year the Institute seeks to identify companies that “truly go beyond making statements about doing business ‘ethically’ and translate those words into action,” according an institute statement. Companies submit applications on their ethics and compliance programs to a panel of experts, which select winners based on seven categories: corporate citizenship and responsibility; corporate governance; innovation that contributes to public well-being; industry leadership; executive leadership and tone from the top; legal, regulatory and reputation track record; and internal systems and ethics and compliance programs.