Ethisphere Magazine June 2007
GE's compliance program has received the top ranking for the world's most ethical company in the diversified industries category, in Ethisphere Magazine's annual ranking.
GE's compliance program has received the top ranking for the world's most ethical company in the diversified industries category, in Ethisphere Magazine's annual ranking.
Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide. The winners of the World's Most Ethical Companies are the standouts. Each forces other companies to follow its leadership or fall behind. Each uses ethical leadership as a profit driver and has materially higher scores versus competitors in their industries. And each of these companies embodies the true spirit of Ethisphere's cred - Good. Smart. Business. Profit.
The GE description is as follows:
We spoke with Brackett Denniston, General Counsel for General Electric about creating an ethical culture and maintaining strong compliance programs. Denniston believes "a good company thinks about its human side," and how people are impacted by business practices. To answer the needs of employees and communities, GE is active in organizations like NAFTA and the National Electrical Manufacturers Association, and is a founder of Transparency International, a global society that fights the impact of corruption on people worldwide. "You have to act like a leader, be a leader, and be aware of the impact of your actions and how they affect hundreds of thousands of people," says Denniston.
GE dates back to 1892 and carefully considers the social impact of its products and operations on the communities in which it operates. From jet engines to household appliances and financial services to plastics, General Electric is dedicated to converting ideas into leading products to help solve the world's challenges. Compliance and governance challenges are equally important to GE and remain non-negotiable aspects of operations. "A strong compliance practice begins with the basics of incorporating good citizenship into the company culture," says Denniston.
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