What is World's Most Ethical (WME)? - Definition from WhatIs.com

Definition

World's Most Ethical (WME)

Part of the Business terms glossary:

The World’s Most Ethical Companies (WME) is an unranked list published annually by the Ethisphere Institute in New York.

This list is derived from both self-nominated companies and third-party nominees. Nominees must complete a questionnaire designed to yield information about ethics, innovation, corporate governance and corporate culture. Nominees are further evaluated on criteria including sustainability and transparency of business practices, details of any litigation, regulatory infractions, investments, business models, products and input from employees and customers.

Since the WME list’s inception in 2007, the number of nominees has increased every year. Benefits to honorees include improved employee recruitment and retention, enhancements to marketing campaigns and better public relations (PR), especially in new markets.

According to the institute, the purpose of the WME list is to promote ethical business practices and “shape future industry standards by introducing best practices today.”

This was last updated in November 2013
Contributor(s): Matthew Haughn
Posted by: Margaret Rouse

Related Terms

Definitions

  • chief data officer (CDO)

    - A chief data officer (CDO) is a C-level corporate executive who is responsible for an organization's data governance. The position is related to, but separate from, the job of the chief information... (WhatIs.com)

  • Producer Price Index (PPI)

    - The Producer Price Index (PPI) is an economic measurement of the average change in prices that domestic producers of goods receive for their products in a given country or region. (WhatIs.com)

  • monotasking (single-tasking)

    - Monotasking, also known as single-tasking, is the practice of dedicating oneself to a given task and minimizing potential interruptions until the task is completed or a significant period of time h... (WhatIs.com)

Glossaries

  • Business terms

    - Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.

  • Internet applications

    - This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Ask a Question About World's Most Ethical (WME)Powered by ITKnowledgeExchange.com

Get answers from your peers on your most technical challenges

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.