NEB Awards Charles Schwab Corporation for Commanding the Highest Standards of Ethical Conduct |
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SAN DIEGO, CA June 15, 2004 - The National Ethics Bureau (NEB) announced today that the Charles Schwab Corporation is the recipient of their “Eye on Ethics” award for commanding the highest standards of ethical conduct for all their directors, officers and employees. These standards, as well as the consequences for failure to comply and report violations, are outlined in Schwab’s 12-page “Code of Business Conduct and Ethics” compliance manual. Founder & Chairman Charles R. Schwab and CEO David S. Pottruck have been named as co-recipients of this award.
“These days, many financial institutions are jumping on the ‘ethics bandwagon’ and paying lip-service to a culture of ethics and values”, said Steven McCarty, National Director of the NEB: ‘but Schwab has a long-standing reputation for honesty and integrity in the industry because their core values have not changed in over three decades.”
The Charles Schwab Corporation, through Charles Schwab & Co., Inc. and its other subsidiaries, provides securities brokerage and related financial services for over 7.5 million active client accounts with approximately $985 billion in assets.
NEB Executive Director Jeffrey Kopitz remarked: “Charles Schwab Corporation’s dedication to ethics is the fulfillment of their written Code, Vision and Values. It’s evident that Schwab’s commitment to these standards is fundamental to the way they do business.”
The NEB established the Eye on Ethics Award to honor those that demonstrate an extraordinary level of support and dedication to the advancement of exemplary business ethics in America . The NEB seeks to identify individuals or organizations that provide evidence of this commitment through excellence in policy, print, journalism or literature.
About National Ethics Bureau:
The National Ethics Bureau™ (NEB) is a membership organization of financial professionals who have successfully passed a comprehensive background check and have agreed to maintain NEB membership standards. All members are admitted into NEB’s national registry, which consumers can access free of charge to verify a member’s background.
NEB also advocates for business ethics and consumer protection through its trade-magazine columns, conference presentations, consumer guides, monthly Ethics Edge newsletter, and web site www.ethicscheck.com.
NEB is not a financial marketing organization. It does not sell or endorse any financial products. Nor does it receive financial considerations from its members or other entities who sell such products.
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