Paychex Named One of the Most Ethical Companies in the World

Fri Mar 22, 2013 3:32pm EDT

* Reuters is not responsible for the content in this press release.

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130322:nBw225757a

ROCHESTER, N.Y.--(Business Wire)--
Paychex, Inc. has been named to The World`s Most Ethical Companies list by The
Ethisphere Institute, a leading international organization dedicated to the
creation, advancement, and sharing of best practices in business ethics,
governance, anti-corruption, and sustainability. This marks the fifth time
Paychex, a leading provider of payroll, human resource, and benefits outsourcing
solutions for America`s small- and medium-sized businesses, has received this
recognition, which highlights companies that outperform industry peers when it
comes to ethical behavior. 

"Out of all the accolades Paychex receives, none makes us more proud than being
recognized as one of the most ethical companies," said president and chief
executive officer Martin Mucci. "Acting with uncompromising integrity is at the
cornerstone of our values statement, and drives everything we do on behalf of
our clients, employees, and shareholders." 

"Not only did more companies apply for the World`s Most Ethical Companies
recognition this year than any year in the past, which demonstrates that ethical
activity is an important part of many of these companies` business models, but
we are also seeing more companies be proactive and create new initiatives that
expand ethics programs and cultures across entire industries, such as
industry-based ethics associations and other activities," said Alex Brigham,
executive director of Ethisphere. "We are excited to see the 2013 World`s Most
Ethical Companies take these leadership positions and embrace the correlation
between ethical behavior and improved financial performance." 

A record number of nominations and applications this year is evidence of both
the WME Companies` growing recognition by various stakeholder groups and
companies` desire to be recognized for their integrity standards and ethical
cultures. The 2013 list of 140 companies is the largest list since the award`s
inception in 2007. 

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 WME 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 2013 World`s Most
Ethical Companies at http://m1.ethisphere.com/wme2013/index.html. The World`s
Most Ethical Companies list is also featured in the 2013 Quarter 1 issue of
Ethisphere magazine. 

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource,
and benefits outsourcing solutions for small- to medium-sized businesses. The
company offers comprehensive payroll services, including payroll processing,
payroll tax administration, and employee pay services, including direct deposit,
check signing, and Readychex®. Human resource services include 401(k) plan
recordkeeping, section 125 plans, a professional employer organization, time and
attendance solutions, and other administrative services for business. A variety
of business insurance products, including group health and workers'
compensation, are made available through Paychex Insurance Agency, Inc. Paychex
was founded in 1971. With headquarters in Rochester, New York, the company has
more than 100 offices serving approximately 567,000 payroll clients as of May
31, 2012. For more information about Paychex and our products, visit
www.paychex.com. 

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 RankingTM, 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 VerificationTM, and Anti-Corruption Program Verification. More
information on the Ethisphere Institute, including ranking projects and
membership, can be found at http://www.ethisphere.com. 

Stay Connected with Paychex

Twitter: www.twitter.com/paychex
Facebook: www.facebook.com/paychex
LinkedIn: http://www.linkedin.com/company/paychex/products

Media:
Paychex, Inc.
Becky Cania, 585-387-6337
Corporate Communications Manager
bcania@paychex.com
Twitter: @PaychexNews

Copyright Business Wire 2013

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.