Alcoa Again Named One of the World's Most Ethical Companies.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) again has been named one of the World's Most Ethical Companies by Ethisphere, a think-tank dedicated to the research and promotion of profitable best practices in global governance Global governance refers to political interaction and the creation and empowering of international organizations aimed at solving problems that affect more than one state or region, when there is no democratic power of enforcing compliance. , business ethics, compliance and corporate responsibility. The recipients were announced during the Ethisphere and Forbes joint-conference, "Driving Profit through Ethical Leadership" held yesterday in New York. Winners will also be featured in Ethisphere Magazine, the quarterly publication of the Institute. "At Alcoa, our Values guide our behavior at every level of the organization worldwide. This recognition of our ethical business practice leadership exemplifies our commitment to integrity and being an upstanding corporate citizen," said Klaus Kleinfeld, Alcoa CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President. In assembling the rankings of the World's Most Ethical Companies, researchers and analysts reviewed over 10,000 of the world's leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and regulatory infraction Violation or infringement; breach of a statute, contract, or obligation. The term infraction is frequently used in reference to the violation of a particular statute for which the penalty is minor, such as a parking infraction. INFRACTION. histories; evaluated investment in innovation and sustainable business practices; looked at companies' activities to improve corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while ; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating. About Alcoa Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa[R] wheels, fastening systems, precision and investment castings, and building systems. The Company has 97,000 employees in 34 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com. |
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