Two-time recipient of designation signifying companies who lead with integrity and align principle with action
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170313005349/en/
“As the landscape of the semiconductor industry remains fluid and continuously consolidating, the ability to consistently demonstrate ethical operations and culture remains critical to business operations,” said Keith Jackson, ON Semiconductor president and chief executive officer. “The key factor to outpacing competitors is to stay true to a foundation built on integrity and accountability. Leveraging our ethical practices is one of our biggest differentiators. I want to personally thank all of our employees for their dedication to maintaining a strong corporate culture of compliance and ethics and for embedding ethical standards in every aspect of their jobs.”
“I am proud of our achievements as a two-time designee of this honor,” said Sonny Cave, ON Semiconductor executive vice president, general counsel, chief compliance and ethics officer, chief risk officer and corporate secretary. “This is a testament to the strength of our core values and steadfast dedication to our ethical foundation. Employees, customers and suppliers have seen the evidence of our actions, which continually reinforce the fact that they are doing business with a company that has high standards and a culture of compliance.”
ON Semiconductor is one of only six companies being honored in the Electronics and Semiconductors category, highlighting its leadership among global companies in ethical business standards and practices. ON Semiconductor attributes this prestigious recognition to its longstanding and active pursuit of the total alignment of all business objectives with exercising the utmost care and commitment to ethical stewardship across the entire organization of more than 30,000 employees in 31 countries. Starting with the CEO and the chief compliance and ethics officer, spanning to the executive leadership team and to every employee, the principles of compliance, ethics and corporate social responsibility are modeled from the top and instilled in each employee, in accordance with ON Semiconductor’s core values of respect, integrity and initiative. A strong foundation in compliance and ethics stemming from the company’s Board of Directors that is echoed throughout an organization results in trust from customers and partners, who count on the company to be honest and equitable, regardless of macroeconomic factors.
“Being recognized as a World’s
Methodology and Scoring
Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
ON Semiconductor is also a full member, active participant and benchmarking leader of the
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the year (view or download the 2016 insights). Organizations interested in how they compare to the World’s Most Ethical Companies are invited to participate in the Ethics Quotient.
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. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program, provides a community of industry experts with the
About ON Semiconductor
- Follow @onsemi on Twitter.
ON Semiconductor and the ON Semiconductor logo are registered trademarks of
Corporate Communications / Media Relations
Vice President Investor Relations and Corporate Development
Source: ON Semiconductor