09/30/2011 08:30:00 AM EST
Ethisphere and the New York Stock Exchange
On Wednesday, the Ethisphere
Institute rang The Opening Bell at the New York Stock Exchange with
some of the NYSE-listed 2011 World's
Most Ethical Companies. I guess the NASDAQ companies are not invited.) The
purpose was to recognize the connection between ethical business practice and
increased business performance.
NYSE-listed 2011 World's Most Ethical Companies that will
ring the bell with Ethisphere include
The Bell ringing was followed by Ethisphere's
NYSE Bell Ringing & Ethics Drives PerformanceTM Conference.
The World's Most
Ethical Companies, if indexed together, have significantly outpaced the
S&P 500. I found it interesting that the companies outperform going forward
once they are recognized, not just leading up to the recognition.
Ethisphere numbers seem to take the current list of
companies and look at their performance. I expect that companies getting onto
the list are well run and should perform well. But would it last going forward?
I took the companies from the original 2007 and tracked them forward.
The companies on the 2007 list, as a group outperformed
the broader S&P 500 and Dow Jones Industrial Average. They were not
Ethisphere is now accepting nominations for the 2012
World's Most Ethical Companies. To learn more about the World's Most Ethical
Companies recognition and selection process and to nominate your organization
for consideration visit:http://ethisphere.com/nominations/.
additional commentary on developments in compliance and ethics, visit Compliance Building,
a blog hosted by Doug Cornelius.
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