Minnesota business and professional leaders gathered Wednesday, May 16, to honor three companies with the 2012 Minnesota Business Ethics Award (MBEA).
The MBEA, co-sponsored by the Center for Ethical Business Cultures at the University of St. Thomas, recognizes Minnesota businesses that exemplify and promote ethical conduct in the workplace, the marketplace and the community. Award recipients are recognized by MBEA judges in three company size categories: small (under 100 employees), medium (100 to 500 employees) and large (more than 500 employees). The 2012 honorees are:
Keynote speaker John Taft, CEO of RBC Wealth Management in the United States and co-author of a newly released book, Stewardship: Lessons Learned from the Lost Culture of Wall Street, reflected on the financial-sector crisis and outlined key elements of his call for a return to “stewardship” in financial services. Taft called on leaders to focus on their duty to serve clients and lamented a tendency in years past to treat clients as stepping stones to earnings growth.
The MBEA luncheon celebrated five other finalists for the award, each of which has made exemplary strides and accomplishments in creating a business culture that aspires to high ethical standards:
Now in its 13th year, the MBEA has recognized 38 Minnesota-based businesses, ranging in size from less than 10 employees to more than 150,000, that have exemplified ethical business conduct and practices.
“Being an award recipient signifies that a company puts top priority on ethics from leadership to the front line in everyday business conduct and transactions,” said David Rodbourne, MBEA co-chair.
“Award recipients,” added MBEA co-chair Linda Bartlett, are “role models for our state who carry on the immense responsibility demonstrating the value of growing an ethical business culture.”
The MBEA was founded in 1999 by the Twin Cities Chapter of the Society of Financial Service Professionals and the Center for Ethical Business Cultures (CEBC) at St. Thomas’ Opus College of Business. In 2009 the Minnesota Society of Certified Public Accountants joined as an award sponsor.
A list of past recipients can be viewed here.