PARSIPPANY, N.J., March 12, 2015 /PRNewswire/ -- Wyndham Worldwide
(NYSE: WYN) has been recognized as one of the World's Most Ethical
Companies by Ethisphere Institute, an independent research center
promoting best practices in corporate ethics and governance. This
is the third time the Company has received the prestigious
designation since Ethisphere first began recognizing companies in
2007.
"Acting with integrity is one of our core values, and how we do
business in nearly 100 countries around the world," said
Stephen P. Holmes, chairman and
chief executive officer, Wyndham Worldwide. "Our success has
been built on a drive to not only do what's right for our business,
but what's right for our customers, associates, and communities.
Our values-based approach has enabled us to grow as one of the best
performing hospitality companies in a way that is responsible and
responsive to the world around us."
The designation is given to companies that continue to raise the
bar on ethical leadership and corporate behavior, and is based on a
company's understanding of the correlation between ethics,
reputation and daily interactions with its customers and others.
Wyndham Worldwide is one of only four companies in the hospitality
sector honored this year.
Based in its Count On Me! service philosophy, integrity and
accountability are part of the culture at Wyndham Worldwide, which
maintains a strong focus on compliance and ethical practices and
policies. One example is the Company's Compliance Champion network,
where individuals from various departments across the company are
designated as leaders in advancing compliance awareness and
understanding for their department and colleagues. In addition to
promoting compliance-related updates and policy information, the
Champions serve as a local connection to the company's compliance
officers, creating a network of information sharing among the
company's many corporate locations and hospitality properties.
"Compliance and ethics are deeply engrained in our corporate
culture, and it's a responsibility shared by everyone at Wyndham
Worldwide," said Scott McLester,
executive vice president and general counsel, Wyndham
Worldwide. "Our Compliance Champions reflect an overall
commitment to ethical leadership that starts with our Board of
Directors and is shared by our associates at every level and every
location throughout our organization."
The World's Most Ethical Company assessment is based upon the
Ethisphere Institute's Ethics Quotient (EQ)™ framework developed
over years of research to provide a means to assess an
organization's performance in an objective, consistent and
standardized way. The information collected provides a
comprehensive sampling of definitive criteria of core competencies,
rather than all aspects of corporate governance, risk,
sustainability, compliance and ethics. The EQ framework and
methodology is determined, vetted and refined by the expert advice
and insights gleaned from Ethisphere's network of thought leaders
and from the World's Most Ethical Company Methodology Advisory
Panel.
Scores are generated in five key categories: Ethics and
Compliance Program, Corporate Citizenship and Responsibility,
Culture of Ethics, Governance, and Leadership, Innovation and
Reputation.
About Wyndham Worldwide Corporation
One of the world's largest hospitality companies, Wyndham
Worldwide (NYSE: WYN) provides a wide range of hospitality services
and products through its global portfolio of world-renowned
brands. The world's largest hotel company based on the number
of properties, Wyndham Hotel Group is home to many of the world's
best-known hotel brands, with over 7,600 franchised hotels and
approximately 661,000 hotel rooms worldwide. Wyndham Exchange &
Rentals is the worldwide leader in vacation exchange and the
world's largest professionally managed vacation rentals business,
providing more than 5 million leisure-bound families annually with
access to over 107,000 vacation properties in over 100 countries
through its prominent exchange and vacation rental brands. The
industry and timeshare ownership market leader, Wyndham Vacation
Ownership develops, markets, and sells vacation ownership interests
and provides consumer financing to owners through its network of
over 200 vacation ownership resorts serving approximately 904,000
owners throughout the United
States, Canada,
Mexico, the Caribbean, and the South Pacific. Based in
Parsippany, NJ, Wyndham Worldwide
employs over 34,000 associates globally.
For more information, please visit www.wyndhamworldwide.com.
About the Ethisphere Institute
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 Business Ethics Leadership
Alliance (BELA) and showcases trends and best practices in ethics
with the publication of Ethisphere Magazine and The
World's Most Ethical Companies Executive Briefing. Ethisphere
is also the leading provider of independent verification of
corporate ethics and compliance programs. More information about
Ethisphere can be found at http://ethisphere.com
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SOURCE Wyndham Worldwide