Morningstar Canada Named One of the 2016 "Best Workplaces in Canada" by Great Place to Work® Institute Canada

TORONTO, April 22, 2016 /CNW/ -- Great Place to Work^® Institute Canada has named Morningstar Research Inc. (Morningstar Canada), a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), as one of this year's Best Workplaces in Canada.

"Morningstar Canada is delighted to receive this honour for the fourth consecutive year," Scott Mackenzie, president and CEO of Morningstar Canada, said. "All of the employees of Morningstar Canada are tireless in their efforts to improve our working environment. We discuss all issues and concerns openly and partner together on improvements. We have two Great Place to Work employee-led action teams dedicated to finding ways to address the survey feedback. From educating employees about our benefits programs to opening the lines of communication between employees and senior management, their creativity and commitment to continually improving our workplace is truly inspiring."

The "Best Workplaces in Canada" list is compiled by Great Place to Work^® Institute Canada. The competition process is based on two criteria: two-thirds of the total score comes from a 58-statement survey completed by a random selection of employees, along with their open-ended comments about their organization; the remaining one-third of the score comes from an in-depth review of the organization's culture, including an evaluation of human resources policies and procedures. This process offers a rigorous representation of the organization from an employee perspective and an overall portrait of the workplace culture. Together, they provide crucial data relative to the five trust-building dimensions of a great place to work: credibility, respect, fairness, pride, and camaraderie.

Jose Tolovi Neto, Managing Partner of Great Place to Work® Canada, said: "Our global Best Workplace lists stand out for our consistent use of rigorous methodology in 52 countries, and are the only lists where employee opinions account for two thirds of measured data. We applaud Morningstar Research Inc., now entering its fourth year as one of Canada's Best Workplaces, for maintaining its strong position in today's competitive marketplace through a commitment to a culture of trust."

More than 300 Canadian companies were nominated and more than 60,000 employees at those companies participated in the 2016 Best Workplaces in Canada Survey. The full list of winners and related stories can be found at www.greatplacetowork.ca.

About the Great Place to Work^® Institute
Great Place to Work^® Institute is a global research and management consultancy with expertise on workplace transformation and a presence in more than 50 countries worldwide. Its mission is to improve society by creating better workplaces. The organization is best-known for its global Best Workplaces Programme, which is produced in conjunction with prestigious media partners such as The Globe and Mail, the Financial Times, and Fortune. With more than 7,200 organizations surveyed every year across the globe, the programme is the world's largest of its kind. The Institute passionately believes that any company or organization can become a great place to work. Its mission is to help companies succeed.

About Morningstar Research Inc. and Morningstar, Inc.
Morningstar Research Inc. is a Canadian subsidiary of Chicago-based Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 525,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on nearly 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of March 31, 2016. The company has operations in 27 countries.

©2016 Morningstar, Inc. All rights reserved.

MORN-C

Media Contact:
Jaime Lyn Aitken, [phone] or [email protected]

Logo - http://photos.prnewswire.com/prnh/20160301/339380LOGO

SOURCE Morningstar Research Inc.