Cummins Named a Top Company for Diversity.Also Ranked Number One for Asian-American Employees By DiversityInc. COLUMBUS, Ind. -- Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) has been named to the list of the Top 50 companies for diversity by DiversityInc. magazine, a publication that educates businesses about the benefits of promoting diversity in the work place. This marks the first time that Cummins has been named to DiversityInc.'s Top 50 list, now in its seventh year. This year Cummins also earned the No. 1 spot on the magazine's top work places for Asian-Americans, the same position it held in 2005. "It is an honor to be named to the Top 50 Companies for Diversity and be recognized for our efforts to make Cummins an inclusive work place," said Jill Cook, Vice President -- Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "At Cummins, we believe that our workforce should reflect the communities where our employees live. We want a work environment where people can be creative and innovative because that is what makes us a stronger, more successful Company." Cummins was ranked No. 38 by DiversityInc. after filling out a detailed survey answering questions that included the commitment of the chief executive officer to diversity, human capital, corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. and supplier diversity Supplier Diversity is a business program that encourages the use of previously underutilized minority owned vendors as suppliers. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. . Also, a company that does not offer domestic partner benefits is automatically excluded from the list. "Cummins is much different from the average corporation; it is a true champion of diversity," said Luke Visconti, partner and cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found of DiversityInc, a monthly business magazine and daily Web site. "A total of 317 companies competed for a spot, a 100 percent increase in corporate participation in the Top 50 competition over the last three years." Cummins has a history of commitment to diversity. The Company was named to Fortune magazine's list of 50 best places for minorities in 2000 and has been listed on Business Ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social magazine's "Best Corporate Citizen" list eight years in a row, including number one in 2005. Also, DiversityInc. listed Cummins on its list of 25 Noteworthy Companies for Diversity in 2005 and 2006. There is a clear connection among good diversity management, excellent corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and return on equity for investors. For four years in a row, the companies listed in DiversityInc.'s Top 50 list outperformed the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. . About Cummins Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $715 million on sales of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com. |
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