JOHNSTOWN, PA., March 9, 2015 (GLOBE NEWSWIRE) -- Concurrent Technologies Corporation (CTC) announced today that it has once again been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2015 World's Most Ethical Company®. This is CTC's third time on the World's Most Ethical Companies list.
The World's Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company. CTC is one of only 13 nonprofit organizations to make this year's list, which is comprised of 132 companies. The World's Most Ethical Company assessment is based upon five categories: ethics and compliance program, corporate citizenship and responsibility, culture of ethics, governance and leadership, and innovation and reputation.
"Being named a World's Most Ethical Companies honoree for the third time underscores our commitment to ethical business standards and practices," said Edward J. Sheehan, Jr., President & Chief Executive Officer. "CTC's ethics and values guide all of our decisions and are central to who we are as well as how we do business. Our ability to successfully compete in our marketplace greatly depends on our employees' understanding and support of our Code of Ethics and Business Conduct. It is my pleasure to thank and acknowledge all of our employees for following our Code and for making CTC a great place to work."
"The World's Most Ethical Companies embrace the correlation between ethical business practice and improved company performance," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at CTC for this extraordinary achievement."
"Our ethics program is very visible and includes a "Meet the Ethics Officer" series, an online resource center, a Corporate Social Responsibility Report, a quick reference guide, and an Ethics app that provides quick and easy access to various ethics resources," said John Bartholomew, CTC Chief Ethics & Compliance Officer. "In addition, CTC recently established an Ethics Advocacy Group which is comprised of employees from across the company, representing different functions, operations and geographic locations. The primary purpose of the Group is to have a frontline presence for Ethics and Compliance, providing employees with an Advocate that they can rely on for advice and direction."
In 2014, CTC joined the Ethisphere Institute's Business Ethics Leadership Alliance—a community of companies who realize the inherent value of ethical leadership and its effects on company performance. Membership enables CTC to benchmark its programs against other World's Most Ethical Companies and provides access to Ethics Summits, peer-to-peer networking, thought leadership content and webcasts, and more. Additional information on CTC's ethics program can be found on the Ethics and Values page of ctc.com.
About Concurrent Technologies Corporation
Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization providing innovative management and technology-based solutions to government and industry. As a nonprofit 501(c)(3) organization, CTC's primary purpose and programs are to undertake applied scientific research and development activities that serve the public interest. For more information, visit www.ctc.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. More information about Ethisphere can be found at: http://ethisphere.com.
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Source:Concurrent Technology Corp.