Henry Schein Inc, Melville, NY, has been recognized as a 2014 World’s Most Ethical Company® by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance.
This is the third year in a row that Henry Schein has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. According to the Ethisphere Institute, World’s Most Ethical Company honorees understand the correlation between ethics, reputation, and daily interactions with their brand, and that the award belongs as much to their associates as it does to them. Henry Schein is one of only 144 companies to be awarded with this honor across 41 industries, 22 countries, and five continents.
“A shared commitment to ethical behavior is a core value of Henry Schein and one of the reasons why our Company has enjoyed more than eight decades of success and growth,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein Inc. “Ethics drives our interactions with our supplier partners, customers, investors, fellow Team Schein Members, and society. We are very gratified to once again have been recognized by the Ethisphere Institute as one of the ‘World’s Most Ethical Companies,’ a quality that we seek to demonstrate every day.”
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Henry Schein joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Henry Schein for this extraordinary achievement.”
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent, and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance, and ethics. The Ethics Quotient framework and methodology was determined, vetted, and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%), and culture of ethics (20%). The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.