American Express Named One of the ‘Most Ethical Companies’

American Express Business CardsUnder the financial services category, American Express has been recognized by the Ethisphere Institute – a think tank that promotes business ethics – as one of the World’s Most Ethical Companies for 2010.
The credit card giant shared the distinction with The Hartford and The Principal Financial Group within the financial services industry.
Ethisphere says the designation is awarded to companies “that have leading ethics and compliance programs, particularly as compared to their industry peers.”
“Honorees demonstrate real and sustained ethical leadership within their industries, putting into real business practice the Institute’s credo of: Good. Smart. Business. Profit,” Ethisphere said.
This is the fourth year in a row that AmEx has made the list.
America Express’ “highest standards for business behavior goes beyond goodwill and ‘lip-service’ and is intimately linked to performance and profitability,” said Alex Brigham, Executive Director of the Ethisphere Institute.
The institute reviews codes of ethics, litigation and regulatory infraction histories; investment in innovation and sustainable business practices; and activities designed to improve corporate citizenship.
“The strength of a company starts with a deep commitment to ethics from the top, and is sustained with an unwavering dedication to these same high standards from employees at every level around the globe,” said Leonard Shen, Chief Ethics & Compliance Officer.

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