GE Named as One of the World's Most Ethical Companies by Ethisphere

After a wave of scandals including wrongful foreclosures on home mortgages, worker suicides at a major Apple Inc supplier in China and the $1.7 billion accounting fraud at Japan's Olympus Corp, a New York think tank is calling out companies that take the high road.

The Ethisphere Institute's annual World's Most Ethical companies list, released on Thursday, found that 145 companies in countries including United States, Great Britain, Japan, Portugal and India stood out as setting a high standard for their employees' behavior.

American Express Co, General Electric Co and Starbucks Corp -- all of which have made the list six years running -- are among the companies that stand out as encouraging employees to voice their concerns, said Alex Brigham, executive director of Ethisphere.

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