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FT - L'oreal is 'The world's top 20 most respected companies'

19
Jan '06

Cosmetics and beauty L'Oréal ranks 17th in the Financial Times (FT) 2005 list of 'The World's Most Respected Companies', an annual survey conducted in association with PricewaterhouseCoopers. The Group jumps 19 places, up from 36th place last year.

Ranked 17th—up from 36th place last year—on the Financial Times/PricewaterhouseCoopers' eighth annual list of 'The World's Most Respected Companies', L'Oréal is clearly held in high esteem by the international corporate community.

The ranking is based on a survey of the world's top business leaders as well as interviews with fund managers, media commentators and NGOs.

This year, 945 CEOs in 25 countries were queried on a broad range of topics concerning specific sectors and worldwide businesses in general.

Views were solicited on which companies provided the most share holder value, best service quality, most commitment to and investment in local communities, best corporate governance, most innovate products and services, best product quality and other criteria.

When asked what international businessmen and women might admire about L'Oréal's strategic and management methods, CEO Sir Lindsay Owen-Jones answers “I believe there are principally three things that are important: We are unwavering on our strategy, we have a long-term approach to everything we do, and we attempt to reconcile performance and the interests of all our stakeholders.”

World's Most Respected Business Leaders

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