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Freescale Named to 2008's "World's Most Ethical Companies" List by the Ethisphere Institute at the Forbes, Ethisphere Joint-Conference
Business Wire, June 4, 2008
AUSTIN, Texas -- The Ethisphere Institute named Freescale Semiconductor to Ethisphere's second-annual World's Most Ethical Companies list. Ethisphere is a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility. It revealed the award at the Ethisphere and Forbes joint-conference, "Driving Profit through Ethical Leadership," held on June 3rd. The list of World's Most Ethical companies will also be featured in the Q2 issue of Ethisphere Magazine.
"Thanks to the actions of each employee, Freescale has built a reputation for maintaining the highest standards of business conduct and ethics," said Larry Parsons, vice president, Business Conduct and Ethics for Freescale. "This award recognizes the efforts of our employees, managers and leaders as well as the programs and policies we have put in place."
Researchers and analysts reviewed several thousand companies in order to determine the finalists, which included a rigorous, multi-step evaluation process. The 2008 World's Most Ethical Companies methodology committee is comprised of leading attorneys and government officials, professors and leaders who care about ethical and honest business practices.
"We applaud Freescale. It is among the companies honored this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industries," said Alexander Brigham, executive director of Ethisphere Institute. "They go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well being. By their actions, they are forcing their competitors to follow suit, or fall behind and truly embodying the notion that ethical business practices are more profitable in the long run."
The extensive research process included reviewing more than 10,000 of the world's leading companies on six continents. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies' activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback and rating.
The day-long conference, which featured Forbes editors and executives from world-renowned corporations, universities and ethics organizations, focused on ethical culture and leadership, highlighted companies' experiences and ethical challenges, provided advice on preparing for ethical dilemmas and gave viewpoints from an investor's perspective. The conference culminated with recognizing Ethisphere Magazine's 2008 World's Most Ethical Companies at an evening awards dinner.
About Freescale Semiconductor
Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. The privately held company is based in Austin, Texas, and has design, research and development, manufacturing or sales operations in more than 30 countries. Freescale is one of the world's largest semiconductor companies with 2007 sales of $5.7 billion (USD). www.freescale.com
About Ethisphere Institute
The research-based Ethisphere Institute and associated membership group, the Ethisphere Council, are supported by more than 100 institutions and corporations, including Thomson West, the Practising Law Institute, the National Association of Corporate Directors, the Global Reporting Initiative, Corpedia and dozens of others. The Institute is dedicated to the research, creation, and sharing of best practices in ethics, compliance and corporate governance among its membership companies. It also focuses on the development and advancement of individuals on its membership council through increased efficiency, innovation, tools, mentoring, advice and unique career opportunities. Ethisphere Magazine is the quarterly publication of the Institute. More information on membership can be found at http://www.ethisphere.com.
The Ethisphere Institute publishes the globally-recognized annual World Most Ethical Companies Ranking[TM] as well as the Government Contractor Ethics Program Ranking[TM] and the upcoming Global Anti-Corruption Quotient.
Freescale and the Freescale logo are trademarks or registered trademarks of Freescale Semiconductor, Inc. in the U.S. and other countries. All other product or service names are the property of their respective owners. (c) Freescale Semiconductor Inc. 2008.
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