One of the most widely printed and quoted statements of business ethics in the world is the Rotary “4 Way Test.” It was created by Rotarian Herbert J. Taylor in 1932 when he was asked to take charge of the Chicago based Club Aluminum Company, which was facing bankruptcy. Taylor drew up a 24 word code of ethics for all employees to follow in their business and professional lives. The 4-Way Test became a guide for all employees and all relations with the dealers and customers. It was credited with the survival and future success of the company. The 4-Way Test was adopted by Rotary International in 1943. Herb Taylor became president of Rotary International during 1954-55.
Most Rotary clubs close their meetings with the recitation of the 4-Way Test.
Of the things we think, say or do:
- Is it the TRUTH?
- Is it FAIR to all concerned?
- Will it build GOODWILL and BETTER FRIENDSHIPS?
- Will it be BENEFICIAL to all concerned?