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  • Ten Thousand Villages Named World's Most Ethical Company by the Ethisphere Institute for 7th Consecutive Year

    Posted on March 20, 2014

    AKRON, Pa. – Ten Thousand Villages, the world’s oldest and largest fair trade retailer, announced today that it has been recognized by the Ethisphere Institute as a 2014 World’s Most Ethical Company® for the seventh consecutive year.

    The award recognizes companies and organizations that continue to raise the bar on ethical leadership and corporate behavior. World’s Most Ethical Company honorees demonstrate real and sustained ethical leadership within their industries. Ten Thousand Villages is one of only three companies in the general retail category honored this year.

    “To be named a 2014 World’s Most Ethical Company® is truly an honor,” said Pam Raffensberger, Ten Thousand Villages Chief Executive Officer. “For more than 65 years, we have been working to create opportunities for artisans in developing countries to earn income and bring meaning and dignity to their lives through fair trade. Our commitment to long standing relationships provides these women and men with vital income to send their children to school, to put food on their table and to care for their families. A natural part of our work is a commitment to fairness and transparency with our stakeholders, as well as a commitment to environmental responsibility. We are thrilled that Ethisphere has recognized Ten Thousand Villages as a leader in the specialty retail category.”

    The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

    Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).

    The full list of the 2014 World's Most Ethical Companies can be found at ethisphere.com/worlds-most-ethical/wme-honorees/.

    About Ten Thousand Villages
    Ten Thousand Villages, a leader in the fair trade industry, markets artisan-crafted home decor and gifts through a network of stores in more than 75 locations and online at tenthousandvillages.com. Ten Thousand Villages currently partners with more than 110 artisan groups in 37 developing countries. For more than 65 years, Ten Thousand Villages has been establishing long-term buying relationships in places where skilled artisans lack opportunities for stable income. All artisans are fairly paid for their products.

    About the Ethisphere Institute
    The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organizations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies® recognition program and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com.


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  • Ten Thousand Villages Appoints First Woman CEO

    Posted on December 30, 2013

    Pam Raffensberger 3x4 150dpi Pam Raffensberger, named Ten Thousand Villages CEO.

    Ten Thousand Villages’ board of directors recently announced their unanimous decision to appoint Pam Raffensberger as chief executive officer (CEO) to lead its network of more than 80 fair trade retail stores in the US, effective immediately.

    Raffensberger was appointed interim CEO in March, 2013. She joined Ten Thousand Villages in late 2006 as controller and was promoted to chief financial officer two years later. Ten Thousand Villages Chairman, Alex Hartzler, endorsed Raffensberger by saying, “Pam has demonstrated exemplary and effective leadership skills as interim CEO. The Board and I are unified in our confidence in Pam’s leadership and delighted and excited that she has taken on this challenge on behalf of our artisans, stores and entire organization.” He added that the board was looking for a visionary leader who possesses excellent decision-making qualities, as well as an ability to motivate and inspire people. “Pam’s strong financial background, together with her ability to engage and connect with people on a sincere and personable level, makes her an ideal person to lead Villages well into the future.”

    With a commitment to support artisans in developing countries around the globe by providing a path to sustainable income through fair trade, Raffensberger is tasked with continuing a 65 year tradition and Ten Thousand Villages’ legacy as the founder of the Fair Trade movement. “It is an honor to be given the opportunity to lead this extraordinary organization,” said Raffensberger. "With an eye on the future, I will focus on decisions that will lead this organization on a path towards growth….not just for Ten Thousand Villages, but for the women and men around the world whose livelihood depends on the success of our organization." Raffensberger added, “Our mission will be the anchor grounding every decision I make as CEO, and I look forward to working with our talented team of employees to create even more opportunities to bring our artisan’s beautiful handcrafted products and stories to the homes and hearts of American consumers.”

    Ten Thousand Villages is a fair trade retailer of artisan-crafted home decor, personal accessories and gift items from across the globe. Featuring products from more than 110 artisan groups in 37 countries, Ten Thousand Villages has been establishing long-term buying relationships in places where skilled artisans lack opportunities for stable income for more than 65 years. All artisans are fairly paid for their products. For more information visit www.tenthousandvillages.com.

     


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