Ethisphere Institute bestowed the honour for the second year in a row.

The Ethisphere Institute – an independent center that promotes best practices in corporate ethics and governance – as named the Gemological Institute of America (GIA) as a ‘2014 World’s Most Ethical Company’ for the second year in a row.

The 83-year-old nonprofit institute has received the honour in recognition of its continued efforts to build and maintain a superior ethics and compliance program.


GIA aims to ensure the public trust in gems and jewellery through research, education, laboratory services and instrument development.

GIA’s present and chief executive officer, Susan Jacques, said: “This designation is truly a testament to the tremendous dedication of GIA staff to conduct every aspect of our global activities with the utmost integrity and according to the best principles of ethical business practice.”

She added: “Everything we do revolves around GIA’s public-benefit mission, and our compliance program is always a priority.”

Ethisphere’s chief executive officer, Timothy Erblich, commented: “The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it.”

To be included in the annual list of the World’s Most Ethical Companies, organisations must demonstrate an active role in promoting ethical business practices above and beyond the legal compliance standards.

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