April 3, 2014

Positivity: Knights of Columbus wins prize for ethical business practices

Filed under: Positivity — Tom @ 6:00 am

From New Haven, Connecticut:

Mar 24, 2014 / 05:04 pm

The fraternal organization the Knights of Columbus has been recognized as one of the world’s most ethical companies by a research center on best practices in corporate ethics and governance.

“This really speaks to the fact that a company can be committed to Church teaching, committed to Catholic values, and still provide a top quality service and be very successful at what they do,” Andrew Walther, vice president for communications and media with the Knights, told CNA March 21.

Timothy Erblich, CEO of the Ethisphere Institute, announced the award March 20, saying, “the Knights of Columbus join an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Knights of Columbus for this extraordinary achievement.”

The institute named the New Haven, Conn.-based Catholic fraternal organization and life insurance company to its 2014 World’s Most Ethical Company list. The Knights is only one of two companies in the life insurance category to be recognized.

The assessment is based on consideration of an organization’s ethics and compliance programs; its reputation, leadership and innovation; governance; corporate citizenship and responsibility; and culture of ethics.

Carl Anderson, Supreme Knight of the fraternal organization, noted that it began more than 130 years ago to protect Catholic families who lose their breadwinner and to provide charity for those “on the margins of society.”

“Today, those same founding principles are at work in every aspect of our business, guiding our corporate governance, our professional agency force, our investments, and our day-to-day business operations,” Anderson said in a statement. “It is this continued commitment to our foundational, Catholic principles that is the key to our ethical, sustainable and successful business model.” …

Go here for the rest of the story.

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