- Old National Only U.S. Bank Named World's Most Ethical Out of 145 Total Companies Honored
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Companies Recognized Demonstrated Leadership in Ethical Business Practices
EVANSVILLE, Ind., March 16, 2012 (GLOBE NEWSWIRE) -- The Ethisphere Institute named Old National Bank as one of the World's Most Ethical Companies for 2012 at an honoree dinner on March 15 in New York City as part of the annual Global Ethics Summit. Old National was the only U.S. companyin the Banking category to receive this honor and one of only 12 companies to have also earned the Ethisphere Institute's annual Ethics Inside Certification. Ethics Inside is the only independent verification of a company's ethics and compliance program and practices.
The World's Most Ethical Companies recognition is reserved for organizations that demonstrate leadership in promoting ethical business standards. These companies go beyond making statements about doing business "ethically" and translate those words into action, introducing innovative ideas to benefit the public and compelling their competitors to follow suit.
The World's Most Ethical Companies have incorporated ethics into business practices whether domestic or international, retail or B2B, and have been able to thrive despite an ever-changing global regulatory environment. Former U.S. Secretary of State Madeleine K. Albright shared her insights on the geopolitical environment in her keynote speech at the World's Most Ethical Companies Honoree Dinner.
"Each year the competition for World's Most Ethical Companies intensifies as the number of nominations submitted for consideration grows," said Alex Brigham, Executive Director of Ethisphere. "This year's winners know that a strong ethics program is a key component to a successful business model, and they continue to scrutinize their ethical standards to keep up with an ever-changing regulatory environment."
"This prestigious honor is a powerful reflection of the integrity and ethical commitment of the Old National associates who passionately serve both clients and community," said Old National President and CEO Bob Jones. "In their daily work, they define and shape our culture and personify our commitment to basic community banking."
"It's a humbling and exciting honor, and a true testament to Old National's organization-wide commitment to business ethics and risk management," added Old National Board Chairman Larry Dunigan.
Through in-depth research and a multi-step analysis, Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World's Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
Read about the methodology and view the complete list of the 2012 World's Most Ethical Companies at http://ethisphere.com/wme.
About Old National
Old National Bancorp is the largest financial services holding company headquartered in Indiana and, with $8.6 billion in assets, ranks among the top 100 banking companies in the United States. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of Indiana, Illinois and Kentucky. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns Old National Insurance which is one of the top 100 largest agencies in the US and the 10th largest bank-owned insurance agency. For more information and financial data, please visit Investor Relations at oldnational.com.
The Old National Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1872
About Ethisphere Institute:
The research-based Ethisphere® Institute is a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Ethisphere Magazine, which publishes the globally recognized World's Most Ethical Companies Ranking™, is the quarterly publication of the Institute. Ethisphere provides the only third-party verifications of compliance programs and ethical cultures that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. The Institute's premier membership group, the Business Ethics Leadership Alliance™, is a business ethics forum that includes more than 100 leading corporations, universities and institutions that collectively leverage their experience, expertise and innovative ways to address emerging compliance challenges. More information on the Ethisphere Institute, including ranking projects and membership, can be found at http://www.ethisphere.com.
CONTACT: Media:
Kathy A. Schoettlin
(812) 465-7269
Communications Director, EVP
Ethisphere Media contacts:
Alex J. StockhamRubenstein Associates
(213) 537-0017
astockham@rubenstein.comGabe RothRubenstein Associates
(212) 843-8067
groth@rubenstein.com
Source: Old National Bancorp