Corporate Responsibility (CR) Magazine named Muhtar Kent the "Responsible CEO of the Year" in the Large Market category ($2 billion-plus revenues public company). This award recognizes how individual CEOs have aligned their company's interests with that of thousands of stakeholders to do well by doing good. Nominations were made by the editorial team at CR Magazine, which looked at the following three criteria:
•the scope of impact of the nominee – how did this person's corporate responsibility initiatives compare in revenue, profit or size of population served relative to the other potential nominees;
•the reputational or performance risk taken by the nominee – “has this person truly put him or herself in the line of fire if the initiative fails?”;
•and the company must be listed on the 100 Best Corporate Citizens List.
"Since 2008, the CR Magazine Responsible CEO of the Year Awards have set the standard for leaders who are both setting tone at the top and taking personal reputational risks to better serve stakeholders. Muhtar Kent represents the best of responsible corporate leadership in the Large Market category as determined by the editorial team at CR Magazine, home of the 100 Best Corporate Citizens List," said Jay Whitehead, CR Magazine publisher and founder. (RP News Wires)