The Minnesota Business Ethics Award recognizes Minnesota businesses that have exemplified and promoted ethical conduct for the benefit of the workplace, the marketplace, the environment and the community. It was founded in 1999 by the Center for Ethical Business Cultures and the Minnesota Chapters of the Society of Financial Service Professionals.
Each year a call for nominations is issued. A business may be nominated for an award by a customer, client, employee, vendor or a private citizen who is impressed with a company’s demonstration of ethical business conduct. Business people and organizations from throughout the state are encouraged to participate in the nomination process by completing a Nomination Form.
Nominated companies are required to complete an official Entry Form and provide documentation of “ethics-in-action” at their company. The MBEA is presented in three categories: large companies with over 500 employees, medium size companies of 100-500 employees and small companies of under 100 employees.
The entries are judged by a preliminary and a Blue Ribbon independent panel of judges representing business and academia. Award recipients are recognized at an awards luncheon banquet.
Local finalists may also enter a national competition that culminates in the American Business Ethics Awards.
Five Twin Cities firms receive 2009 Minnesota Business Ethics Awards
Tired of stories about the misconduct of companies and their executives, more than 200 business leaders from around Minnesota gathered on Wednesday, May 20, to honor ethical excellence with the presentation of the 2009 Minnesota Business Ethics Award (MBEA).
Five companies from around the region received the award. They are:
- KeyStone Search, an executive search firm based in Minneapolis;
- Two Men and a Truck, an Edina-based home and business moving franchise;
- RJF Agencies Inc., a professional risk management, employee benefits and commercial insurance firm based in Plymouth;
- Park Nicollet Health Services, a hospital- and clinic-based healthcare provider based in St. Louis Park;
- St. Jude Medical, a medical technology and services firm with global headquarters in St. Paul.
Ernest Almonte, chairman of the American Institute of Certified Public Accountants and auditor general of the state of Rhode Island, gave the keynote address. Almonte, who travels widely both within the United States and internationally, remarked on how impressed he was with the Minnesota business community for supporting this annual award focused on business ethics and for its long tradition of corporate citizenship.
His talk underscored the critical importance of integrity for personal and business success. He gave practical advice for both leaders and organizations about the importance not only of complying with laws and regulations but also moving beyond that to create the tone that builds and sustains cultures of high ethical standards
MBEA recipients are selected based on company size; categories are small (under 100 employees); midsized (100 to 500 employees) and large (more than 500 employees). KeyStone Search and Two Men and a Truck received small-company awards. RJF Agencies, Inc. received the midsize-company award. Park Nicollet Health Services and St. Jude Medical received large-company awards.
The MBEA was established in 1999 by the Twin Cities Chapter of the Society of Financial Service Professionals and the Center for Ethical Business Cultures at the University of St. Thomas.
Its purpose is to raise the standards for business ethics in Minnesota and to honor companies that exhibit the highest standards of ethical performance. In 2004 the Rotary Club of Edina joined as an award sponsor, and the Minnesota Society of Certified Public Accountants joined as a sponsor in 2010.