BBB torch award nominations

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By The Staff


The BBB's 2008 Torch Awards for Marketplace Ethics are underway...and we need your help to nominate worthy businesses for this esteemed award! Think of companies that you know and do business with, or the one that you work for, that has made a commitment to and exemplifies ethics and integrity in the marketplace. Consumers can also nominate non-profit organizations. The deadline for nominations is August 29, 2008. Submit your entry today. You can find a nomination form on the BBB website at www.louisville.bbb.org or call 502-588-0043. The Better Business Bureau serving Louisville, Southern Indiana, and Western Kentucky established this annual awards program to gain public recognition for local companies (and non-profits) that maintain a solid commitment to conduct their business practices in an ethical fashion. The Torch Award is designed to promote not only the importance of ethical business practices, but the willingness and efforts made by outstanding businesses to ensure that our  marketplace remains fair and honorable for all. Winners of the Torch Awards are eligible to go on to compete at the national level for the Council of Better Business Bureaus' Torch Award for Marketplace Ethics. The local award is open to all businesses and non-profit organizations in this BBB’s service area. Nominations may be made by businesses, organizations, or individuals.  Businesses will be awarded in up to four categories based on the number of employees, and non-profit organizations will be awarded in up to two categories based on total revenues. Each company and non-profit that is nominated will receive and entry packet outlining information to be submitted. The deadline to submit entries is September 26, 2008. Candidates for the Better Business Bureau Torch Award for Marketplace Ethics will be evaluated by an independent panel of judges from the business, non-profit, and academic community against the following criteria:

  • High ethical standards of behavior toward customers, suppliers, shareholders, employees, and communities in which they do business;
  • Demonstrated ethical practices surrounding their buyer/seller relationships;
  • Longstanding history/reputation of ethical practices in the marketplace;
  • Marketing, advertising, communications, and sales practices which reflect a true representation of what is being offered in the marketplace; Acknowledgment of ethical marketplace practices by industry peers and in the communities where they do business;
  • Ethics policies that are effectively communicated to employees;
  • Ethics policies that are designed to give long-term value to shareholders, customers, etc.;
  • Training programs that assist employees in carrying out established ethics policies.

The Torch Awards winners will be announced at a luncheon on November 6, 2008 at The Olmsted in Louisville, KY. Joe Pusateri, President, Elite Homes will be the Keynote speaker at the event and Melissa Swan, Anchor, WHAS11 News will emcee the event. For more information on the event, including tickets or sponsorships, or to submit a nomination, contact Reanna Smith-Hamblin at rmsith-hamblin@bbbkyin.org or call 502-588-0043.