Bethesda, Md., – For the eighth time, Marriott International (NASDAQ: MAR) has been recognized by the Ethisphere Institute as a 2015 World’s Most Ethical Company. The World’s Most Ethical Companies designation recognizes organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.
Marriott was selected for showing leadership in promoting ethical business standards. This recognition is a testament to Marriott’s leadership and commitment to governance, ethics and compliance policies that not only meet legal minimums and industry standards, but exceed them.
“We are very pleased to again be recognized by Ethisphere, and we are fortunate to have a compliance and ethics program that allows us a place on this distinguished list of companies,” says Ed Ryan, Executive Vice President & Chief Counsel. “It’s an honor to be on this list, and our congratulations go to the other companies so recognized.”
Marriott’s reputation and continued success as a global hospitality leader are grounded in its commitment to service and business integrity and in its application of consistently high standards to everything they do. Marriott associates can be observed demonstrating these values in more than its words; it is evident in the associates’ deeds and in the actions of the company leadership.
The company’s business relies upon integrity and good judgment, its Business Conduct Guide and related company standards are available to all members of the Marriott community with guidance on not only what is legal but also what is right. The Guide was written by its associates for its associates. This Guide supports the company’s pledge to uncompromising business standards and a fair and ethical workplace. The guide is published in 15 languages and available on Marriott’s publicly accessible website.
“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World’s Most Ethical Companies recognition involves more than just an outward facing message or a handful of senior executives saying the right thing,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at Marriott for this extraordinary achievement.”
Methodology
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research 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 EQ framework and methodology is 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 (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).
The full list of the 2015 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is a leading global lodging company based in Bethesda, Maryland, USA, with more than 4,100 properties in 79 countries and territories and reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine and The World’s Most Ethical Companies Executive Briefing. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs. More information about Ethisphere can be found at: http://ethisphere.com.
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